Los Angeles-based venture capital firm Fifth Wall has about a half billion dollars in-hand it will use to bolster green energy building technology.
The firm’s climate fund, which launched with $116 million in August 2021, according to CNBC, has grown to become the largest funds geared toward decarbonizing the real estate industry through investments in proptech development, according to the company.
“Although the real estate industry has historically been among the largest contributors to global greenhouse gasses, most real estate organizations have underinvested into the critical climate tech necessary to decarbonize,” Brendan Wallace, co-founder and managing partner of Fifth Wall, said in a statement. “The strategic LPs in our Climate Fund have instead taken a true leadership role among the industry by making real financial commitments to address real estate’s…
Fifth Wall Raises $500M to Invest in Clean Energy Tech – Commercial Observer
