Featured News

Fifth Wall Kicks Off $140M Early-Stage Climate Tech Fund

Fifth Wall, the venture firm focused on real estate technology, has just announced that big real estate is putting $140 million into a climate tech fund to help decarbonize the sector. 

According to the news, the funding round includes some of the industry’s largest plavers keen to back net-zero carbon efforts. A few of the firms Firth Wall mentions are Equity Residential, Hudson Pacific Properties, Invitation Homes, Ivanhoe Cambridge, to name a few. 

This new fund aims to raise $500 million for investments in mainly early-stage startups. Fifth Wall says it’s time for the industry to start playing a positive role by committing expertise, capital, and establishing a positive environment for change. Brendan Wallace, co-founder and managing partner of Fifth Wall was quoted saying:

"Many real estate firms simply talk about their commitments to sustainability and decarbonization. However, it's inspiring to see organizations like Equity Residential, Hudson Pacific Properties, Invitation Homes, Ivanhoé Cambridge, and Kimco back up their sustainability commitments with such significant investments into the climate technology needed to decarbonize the industry through their participation in Fifth Wall's Climate Tech Fund.”

So far, Fifth Wall’s Climate Tech Fund has invested in ICON, Sealed, and Turntide Technologies. The firm also announce bringing on board Peter Gajdoš as a Partner and will co-lead the Climate Tech Investment team. He brings experience from being the Head of Venture Capital at IPM Group and Managing Director and Portfolio Manager at Presidio Partners, where he focused on venture and growth investments in climate tech and biotech.

Fifth Wall's Climate Tech Fund will be the largest pool of capital ever assembled to invest in the technologies to decarbonize the $9 trillion real estate industry, which is responsible for 40% of all greenhouse gas emissions globally.

Phil Butler

Phil Butler is a former engineer, contractor, and telecommunications professional who is editor of several influential online media outlets including part owner of Pamil Visions with wife Mihaela. Phil began his digital ramblings via several of the world’s most noted tech blogs, at the advent of blogging as a form of journalistic license. Phil is currently top interviewer, and journalist at Realty Biz News.

Recent Posts

A suppliers guide to marketing to estate agents

There are many factors that can differentiate one estate agent supplier from the next, so…

6 hours ago

Digital Curb Appeal: The Secret to Showcasing Properties Properly Online

In the real estate sector, it’s well-known that the value of curb appeal simply can’t…

1 day ago

Tips for Building a Good Credit Score to Buy a House

The journey towards homeownership starts with a good look at your credit score. You'll likely…

2 days ago

Types of Specialty Home Inspections Buyers Should Consider

When you buy a home, you will likely have a general inspection. It's an intelligent…

2 days ago

Why is Content Marketing Important in Real Estate?

This is the cheapest and most affordable advertising in the world. Why? Content marketing allows…

2 days ago

7 Real Estate Marketing Ideas for Successful Sales in 2023

Real estate is an ever-evolving industry, and the competition to make a name in it…

3 days ago