Fifth Wall
UnclaimedAt a Glance
- Check Size
- $250K – $100M
- Stage
- Series A, Series B+
- AUM
- $3B
- Sectors
- SaaS, Marketplace, Climate
- Founded
- 2016
- HQ
- Los Angeles, CA
About Fifth Wall
Fifth Wall is a venture capital firm based in Los Angeles, CA founded in 2016. The largest asset manager investing at the intersection of real estate and technology. The firm focuses on Pre-Seed, Seed, Series A, Series B+ investments across sectors including Aerospace & Defense, Other, Consumer, Fintech, Climate. The firm manages $3B in assets under management. Notable portfolio companies include Opendoor, VTS, Compass, SmartRent, Knock, States Title and Divvy Homes. The largest proptech-focused VC firm, investing in technology companies that serve the real estate industry and built environment.
Investment Thesis
“The largest proptech-focused VC firm, investing in technology companies that serve the real estate industry and built environment.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
Fifth Wall launched in 2016 with a $212 million debut real estate technology fund, at the time an outlier in size for a sector-dedicated venture strategy. The firm raised roughly $1.5 billion of new capital in 2022 alone across three vehicles: an $866 million Real Estate Technology Fund III closed that December, the largest proptech fund ever raised; a EUR 140 million European fund; and a $500 million inaugural Climate Fund closed in July, the largest private fund formed to decarbonize real estate, targeting software, hardware, renewable generation, storage, smart buildings and carbon sequestration against a $10.5 trillion asset class. Capital under management sits near $3 billion. Fifth Wall closed 2024 by launching a new flagship fund with fresh limited partner commitments including the engineering group Sidara, and closed 2025 with 30 investments, two exits and additional capital for the flagship strategy. Its distinguishing structure is a consortium of more than 110 large global real estate owner-operators who invest in the funds and then act as distribution channels and customers for portfolio companies.
SEC Fund Filings
- Vehicles filed, last 24 months
- 1
- Latest filing
Fifth Wall filed a Form D for 1 fund vehicle between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| Fifth Wall REACT Fund, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Fifth Wall by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Team (2)
Frequently Asked Questions
What stage does Fifth Wall invest at?
Fifth Wall primarily invests at the Series A, Series B+ stages. This means they focus on companies that are scaling their go-to-market after proving product-market fit.
Where is Fifth Wall located?
Fifth Wall is headquartered in Los Angeles, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Fifth Wall focus on?
Fifth Wall focuses on investments in SaaS, Marketplace, Climate. Their portfolio reflects deep expertise and networks within these sectors.
What is Fifth Wall's typical check size?
Fifth Wall's typical investment check size ranges from $250K to $100M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Fifth Wall have under management?
Fifth Wall manages approximately $3B in assets under management (AUM) across their funds.
Similar Firms
Fund Operations Resources
Running a fund like Fifth Wall? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
Related tools and reading
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.