Fifth Wall closed an oversubscribed €140 million for its European Real Estate Technology Fund (European Fund)

Fifth Wall, the largest venture capital firm focused on technologies for the global real estate industry, announced that it has closed an oversubscribed €140 million for its European Real Estate Technology Fund (European Fund), which will target investments in high-potential European start-ups. Last year, Redevco already communicated about its investment in this fund.

Commenting on the announcement, Patrick Brenninkmeijer, Business Development Director at Redevco, said: “The value of being invested in Fifth Wall’s European Real Estate Technology Fund is the early exposure to transformative PropTech solutions and the guidance of the Fifth Wall team in exploring new ways to solidify Redevco’s business model. The great appetite for the fund underlines the importance of technological innovation for the real estate industry.”

With USD 3.0 billion in commitments and capital under management, the Los Angeles-based Fifth Wall is one of the largest, most active and most broadly backed property technology venture capitalist companies in the world.