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Real estate speculation business firm Fifth Wall is lift a new $ 500 million fund called Fifth Wall React , concord to aregulatory filing .
The eight - year - old firm , helm by its co - founder and CEO Brendan Wallace ( pictured ) , is already managing $ 3.2 billion in capital letter , include raise an$866 millionfund in late 2022 that was the largest venture investment company focus on tangible estate technical school startup . Fifth Wall also close a$500 million fundearlier in 2022 to enthrone in real landed estate climate technical school that aims to decarbonize the belongings industry .
The new monetary fund is important because proptech was challenged after come up interest rates in 2022 . However , the U.S. Federal Reserve ’s late decision to lower rates has led many investors to anticipate a rebound .
Fifth Wall ’s most prominent going include the home plate seller Opendoor , property insurance Hippo Insurance , and sassy home tech SmartRent . Fifth Wall did not respond to TechCrunch ’s asking for comment .
