Fifth Wall

📰 We're excited to welcome Kite Realty Group into our Limited Partner network. More on Kite's commitment to invest in Fifth Wall: https://lnkd.in/eEnykZbH #proptech #venturecapital

🏗️ Three key takeaways on Greystar's modular strategy from the Fifth Wall experts and Andrew Staniforth, CEO of portfolio company Assembly OSM: Fifth Wall Partner Greg Smithies: "In this new political and regulatory environment, we expect the cost of construction in general to increase. This new normal may be the realignment in costs that has long been required to shift the economic balance toward prefab and modular construction." Fifth Wall VP Francesca Whitehead: "Looking at Brexit as a comparison, the number of construction workers since Brexit has dropped by 40 percent. Considering the labor dynamics at play along with the expected immigration policies in the U.S., the industry will be pushed to try new construction methods like modular or prefab. Assembly OSM CEO Andrew Staniforth: "Here’s what’s really interesting. Greystar didn’t just use modular; they built their own modular factory. It’s the perfect example of how new technology needs to align with its customers. Now I'm not saying every developer should open their own facility... but in the early innings of industry adoption, it makes complete sense." #realestate #construction

🏆 Congratulations to Founder and CEO Jay McKee and the entire team at Fifth Wall portfolio company Lessen for placing 3rd on Deloitte's Fast 500 List!

🪨 Fifth Wall CEO & CIO Brendan Wallace will be giving a fireside chat with Brimstone Co-founder and CEO Cody Finke, Ph.D. at HackSummit on December 13th in at Newlab in Brooklyn. Brimstone is working hard to make a carbon-negative alternative to ordinary Portland cement commercially viable, that also meets the industry standards for use and safety. In this video, Brendan and Cody discuss Brimstone meeting the ASTM C150 standard, and why this key nod of approval is a big step on their journey to making their cement ubiquitous. #deeptech

We’re excited to introduce entirely new programmatic mortgage infrastructure alongside our collaboration with Citi. Citi also made a minority strategic investment in Pylon. More below ↓ We spent the past 2.5 years re-wiring the entire stack to solve mortgage, a $12 trillion asset class. With programmatic originations and capital, we’re leading a foundational shift in the mortgage industry. Our 5 composable products built on top of the Pylon APIs are designed for complete automation and self-serve borrowing experiences. Learn more on our blog: https://lnkd.in/gdGd8E_N Pylon works with the largest institutions like Citi to bring the raw cost of capital to our customers. We spoke with Bloomberg News to share more: https://lnkd.in/gtCYgebE Advancements in ML, AI, and Operations Research are enabling us to tackle the mortgage factory problem at unprecedented speed and scale. If this is interesting to you, join us! https://lnkd.in/gxVEksX8 We’ve now raised $30M+ to date from world class investors including: Conversion Capital Peter Thiel Allegis Capital QED Investors Fifth Wall Citi Montage Ventures Ravelin @Naval Jake Zeller Eric Glyman Immad Akhund Adam Nash Evan Moore Jonathan Swanson Farbood Nivi Brian Norgard Sheel Mohnot Sam Hodges Eugene Marinelli John Andrew Entwistle Stephen Sikes Aaron LaRue Karim Atiyeh

Exciting News: Constrafor Raises $264M in Series A Funding! 🚀 We are thrilled to announce Constrafor's successful close of a $264 million Series A funding round, comprising $14 million in equity led by NFX and a $250 million credit facility from Wafra and Crestline Investors. This milestone fuels our mission to transform construction finance through cutting-edge technology and innovative financial solutions. Why This Matters: The construction industry faces tight margins, cash flow challenges, and labor shortages. Constrafor tackles these issues head-on with solutions like the Early Pay Program (EPP), which accelerates subcontractor payments. With our AI-powered platform, we’re modernizing subcontractor management, streamlining insurance compliance, and simplifying payment processes. This investment enables us to scale our platform, empowering contractors and subcontractors to thrive in a competitive, capital-intensive industry. With the support of visionary partners like NFX, Wafra, and Crestline Investors, Inc., Constrafor is well on its way to reshaping the construction finance landscape. Learn more about the announcement and what it means for the construction sector in the links below: https://lnkd.in/eS-tTv_G https://lnkd.in/eszxhM3y Learn more about Constrafor here: https://lnkd.in/e3kvM9PJ #Constrafor #SeriesA #ConstructionFinance #ConstructionTech #PropTech #ConTech #Innovation #Growth #AI #TechInConstruction #Subcontractors #GeneralContractors #NFX #Crestline #Wafra

⚡️ For retailers, EV charging is finally a winning proposition. The benefits of retailers installing EV charging have become a lot clearer in the last few years. It's not just about getting extra foot traffic anymore, reports the The New York Times. One study found that "public EV stations tend to attract higher-income, exploratory visitors and local residents and in low-income areas they enhance business." And another study, examining Tesla Superchargers, found that after chargers were installed, monthly foot traffic increased 4 percent and average spending increased by 5 percent at nearby businesses. #realestate #EVs

🏡 Fifth Wall Partner Dan Wenhold is interested in shifts in how consumers are buying and selling real estate. In the last year, the change in NAR's fee structure could create new opportunities for companies to transform how people buy and sell residential real estate, with the help of generative AI. The clip is from Dan's appearance on Tangent 💚 Proptech, with Edward Cohen and Zach Aarons. #proptech #realestate

We’re excited to share that Placer has been recognized as a 2024 Deloitte Technology Fast 500 winner! #TechnologyFast500 honors the fastest-growing companies in tech, media, telecommunications, life sciences, fintech, and energy tech across North America. A big thank you to our amazing team, customers, and partners for making this achievement possible. We look forward to continuing our growth and #innovation in location analytics!

🎙️ Fifth Wall Partner Dan Wenhold appeared as a guest on Tangent 💚 Proptech hosted by Edward Cohen, Jeffrey Berman, and Zach Aarons. Dan discussed his journey to Fifth Wall, his perspective on evaluating proptech startups, the impact of the incoming Republican administration on proptech, and about some of his investments in companies like Neighbor, Fractional, and Cottage. Give the full episode a listen! #proptech #realestate