fifth wall

fifth wall

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Proptech-focused venture capital firm Fifth Wall has pulled the plug on its $150 million plan to take another real estate tech firm public via a special purpose acquisition company, or SPAC, a filing with the SEC revealed on Friday.

The Marina del Rey-based firm unveiled its second SPAC last March, with designs on listing the blank-check company on the Nasdaq under the ticker FWAB and issuing 15 million shares at $10 apiece. Fifth Wall tapped Wall Street banks Goldman Sachs, Citi and Deutsche Bank as joint underwriters on the deal, according to IPO research firm Renaissance Capital.

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Image courtesy of Fifth Wall

Fifth Wall—the Marina del Rey-based venture capital firm focused on real estate technology, also known as proptech—unveiled its first fund dedicated to the European market on Wednesday.

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fifthwall.com

Fifth Wall, the fast-growing real estate tech venture firm, revealed Monday that it has scored $140 million for its Early-Stage Climate Technology Fund. That's up from $116.8 million earlier this month, when the firm last disclosed its fundraising efforts for the climate investment vehicle in an amended SEC filing.

In December, Fifth Wall announced it had brought in prolific clean-tech investor Greg Smithies to head its efforts to "decarbonize the built world." That's when the firm went public about its plan to raise at least $200 million to invest in climate tech. The firm said today that it has brought in another partner to co-lead its climate team: Peter Gajdoš, the San Francisco-based former head of venture investments for wealth management group IPM.

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