Venture capital firm raises $1bn for PropTech investment

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Fifth Wall has just raised over £700mn for the world's biggest ever proptech investment fund, taking the heavyweight-backed VC's total capital under management to around US$3.2bn.

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Main image: Real Estate Tech Team Members with Fifth Wall Co-Founder and Managaing Partner Brendan Wallace, photographed on the roof terrace of the Fifth Wall Headquarters in New York City's Meatpacking District. From Left: Dan Wenhold, Brendan Wallace, Sarah Liu and Jonathan Hong. (Photo: Macey J. Foronda for Fifth Wall)

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Faisal Butt's property-focused venture capital firm hopes to double its portfolio of technology start-ups by 2025, as it continues the hunt for a unicorn.
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Venture capital firm Fifth Wall has assembled a remarkable consortium of 50 international property behemoths - including British Land, CBRE and Cushman & Wakefield - creating a half-a-billion dollar…
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"The real estate industry is the single-most contributed industry to climate change," says venture capital boss. "It's the culprit that was hiding in plain sight."