# Fifth Wall: portfolio, investments and team

> Fifth Wall is a vc firm based in United States. 118 investments on record, 21 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/fifth-wall (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Fifth Wall

Last cheque observed Sep 2026; 118 cheques on record.

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Deploying now New fund $123M, Dec 2025 VC firm

Seed Series A Series B Proptech Real Estate Technology

Follow Fifth Wall and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffifth-wall)

Deploying now

**72%** of best year **21** **cheques in 12 months**, 118 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$30M** Rounds led **2 of 118** Sole investor **6 rounds** Mostly in **United States, 85%**

Pitch Fifth Wall

## Fifth Wall highlights

- 01 21 cheques in the last 12 months
- 02 Mostly Series A and Series B: 47% of its rounds
- 03 Sole investor in 6 rounds, median $11M

## What they do

> The largest asset manager investing at the intersection of real estate and technology. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Proptech Real Estate Technology
- **Based in:** New York, United States
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **118 appearances**

- **2026** 17 rounds
- **Sept** **[Twelve](https://millionrounds.com/company/twelve)** Debt · US **$45M** With 4 others
- **Sept** **[Solea](https://millionrounds.com/company/solea)** Seed · US **$10M** With 4 others
- **Sept** **[Kastle](https://millionrounds.com/company/kastle)** Series A · US **$24M** With 3 others
- **Sept** **[Mojave Energy Systems](https://millionrounds.com/company/mojave-energy-systems)** Series B · US **$19M** With 3 others
- **Aug** **[Higgsfield](https://millionrounds.com/company/higgsfield)** Series B · US · Google News search **$400M** With 20 others
- **Aug** **[Cyclic Materials](https://millionrounds.com/company/cyclic-materials)** Venture · CA **$75M** With 2 others
- **Jul** **[Atoms](https://millionrounds.com/company/atoms)** Series C · US · Crunchbase News **$1.7B** With 9 others
- **Jul** **[Antares Labs](https://millionrounds.com/company/antares-labs)** Seed · US **$7.3M** With 2 others
- **Jun** **[One Raven](https://millionrounds.com/company/one-raven)** Seed · US **$5.0M** Sole investor
- **May** **[NavigateAI](https://millionrounds.com/company/navigateai)** Seed · US · Ventureburn **$25M** With 12 others
- **Mar** **[RenoFi](https://millionrounds.com/company/renofi)** Series B · US · Ventureburn **$22M** *Led*
- **Mar** **[Span](https://millionrounds.com/company/span)** Venture · US **$75M** With 3 others
- **Mar** **[KEWAZO](https://millionrounds.com/company/kewazo)** Series A · DE **$16M** With 3 others
- **Feb** **[Breezy!](https://millionrounds.com/company/breezy)** Pre-seed · CY **$10M** With 2 others
- **Jan** **[Sekra](https://millionrounds.com/company/sekra)** Seed · US **$13M** With 1 other
- **Jan** **[Tive](https://millionrounds.com/company/tive)** Venture · US **$20M** With 4 others
- **Jan** **[Cyclic Materials](https://millionrounds.com/company/cyclic-materials)** Series C · CA **$75M** With 2 others
- **2025** 26 rounds
- **Dec** **[Homebound](https://millionrounds.com/company/homebound)** Venture · US **$300M** With 6 others
- **Dec** **[Mill](https://millionrounds.com/company/mill)** Venture · US **Undisclosed** With 3 others
- **Dec** **[Ridley](https://millionrounds.com/company/ridley)** Seed · US **$6.4M** With 2 others
- **Nov** **[Proof](https://millionrounds.com/company/proof)** Venture · US **$16M** With 5 others
- **Sept** **[Juniper Square](https://millionrounds.com/company/juniper-square)** Venture · US **Undisclosed** With 5 others
- **Sept** **[EV Realty](https://millionrounds.com/company/ev-realty)** Growth · US · Firms' own news pages **$75M** With 2 others
- **Aug** **[Brimstone](https://millionrounds.com/company/brimstone)** Venture · US **Undisclosed** With 5 others
- **Jul** **[Trunk Tools](https://millionrounds.com/company/trunk-tools)** Series B · US · AlleyWatch **$40M** With 6 others
- **Jul** **[Bilt Rewards](https://millionrounds.com/company/bilt-rewards)** Growth · US · AlleyWatch **$250M** With 4 others
- **Jul** **[Huspy](https://millionrounds.com/company/huspy)** Series B · AE · TechCrunch **$59M** With 6 others
- **Jul** **[BILT](https://millionrounds.com/company/bilt)** Venture · US **$250M** With 3 others
- **Jul** **[Flyhomes](https://millionrounds.com/company/flyhomes)** Series D · US **$15M** With 4 others
- **Jun** **[Ascend Elements](https://millionrounds.com/company/ascend-elements)** Venture · US **Undisclosed** With 4 others
- **Jun** **[Aerones](https://millionrounds.com/company/aerones)** Series B · US **$62M** With 5 others
- **Jun** **[Runwise](https://millionrounds.com/company/runwise)** Series B · US **$30M** With 3 others
- **May** **[Wander](https://millionrounds.com/company/wander)** Series B · US · QED Investors **$50M** With 5 others
- **May** **[VERO](https://millionrounds.com/company/vero)** Venture · US **$810K** With 3 others
- **May** **[Twelve](https://millionrounds.com/company/twelve)** Venture · US **Undisclosed** With 5 others
- **Apr** **[Clikalia](https://millionrounds.com/company/clikalia)** Debt · ES **$110M** With 3 others
- **Mar** **[Terabase Energy](https://millionrounds.com/company/terabase-energy)** Growth · US · SJF Ventures **$130M** With 9 others
- **Mar** **[Our Next Energy](https://millionrounds.com/company/our-next-energy)** US · TechCrunch **Undisclosed** With 6 others
- **Mar** **[Aescape](https://millionrounds.com/company/aescape)** US · AlleyWatch **$83M** With 5 others
- **Mar** **[Mojave Energy Systems](https://millionrounds.com/company/mojave-energy-systems)** Debt · US **$7.5M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **15 named**

AM **Andriy Mykhaylovskyy** Executive Officer i Filing they signed

BG **Brad Greiwe** Executive Officer i Filing they signed

BF **Brendan Fitzgerald Wallace** Co-Founder, CEO, CIO, Managing Partner i Form ADV

DW **Dan Wenhold** Executive Officer i Filing they signed

EA **Eric A Lee** Chief Financial Officer i Form ADV

GM **G. M. Nicholas "Magnus" Vik** Executive Officer i Filing they signed

GS **Greg Smithies** Executive Officer i Filing they signed

JF **Jeremy Fox** Executive Officer i Filing they signed

JH **Jon Hong** Executive Officer i Filing they signed

LH **Luke Harris** Executive Officer i Filing they signed

MN **Miguel Nigorra** Executive Officer i Filing they signed

OC **Oded Cedar** CCO i Form ADV

PG **Peter Gajdos** Executive Officer i Filing they signed

RB **Richard Bradley Greiwe** Co-Founder, Sr. Vp, Managing Partner i Form ADV

SL **Sarah Liu** Executive Officer i Filing they signed

We also hold **27** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$3.0B** gross assets of its funds, 2 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Fifth WALL Asset Management, LLC
- **SEC number:** CRD 310525

## What they claim to have backed

From their own portfolio page (on their website)

**2** of 2 we have independently watched raise

[Documentcrunch](https://millionrounds.com/company/document-crunch)[Lessen](https://millionrounds.com/company/lessen)

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$123M**

raised in Dec 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$30M** the round, not its cheque Alone, median **$11M**

Led 2 of 118 rounds **2%**

- **Sole investor:** 6 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series A said *23*
- Series B said *23*
- Venture *21*
- Seed said *13*
- Series C *9*
- Series D *8*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 11
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 8
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 8
- [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) 7
- [Gaingels](https://millionrounds.com/fund/gaingels) 6
- [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) 5

**Pitching Fifth Wall?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Fifth Wall. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **11** rounds together](https://millionrounds.com/fund/y-combinator)[**Alumni Ventures** VC firm **8** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Andreessen Horowitz** VC firm **8** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Breakthrough Energy** VC firm **7** rounds together](https://millionrounds.com/fund/breakthrough-energy)[**Gaingels** Private equity **6** rounds together](https://millionrounds.com/fund/gaingels)[**Energy Impact Partners** VC firm **5** rounds together](https://millionrounds.com/fund/energy-impact-partners)[**FJ Labs** VC firm **5** rounds together](https://millionrounds.com/fund/fj-labs)[**Founders Fund** VC firm **5** rounds together](https://millionrounds.com/fund/founders-fund)[**Google Ventures** Corporate VC **5** rounds together](https://millionrounds.com/fund/gv)[**Khosla Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/khosla-ventures)[**SoftBank** Investment firm **5** rounds together](https://millionrounds.com/fund/softbank-2)[**General Catalyst** VC firm **4** rounds together](https://millionrounds.com/fund/general-catalyst)

## Recently backed

The latest companies Fifth Wall put money into.

[**Twelve** $45M · Sept 2026](https://millionrounds.com/company/twelve)[**Solea** $10M · Sept 2026](https://millionrounds.com/company/solea)[**Kastle** $24M · Sept 2026](https://millionrounds.com/company/kastle)[**Higgsfield** $400M · Aug 2026](https://millionrounds.com/company/higgsfield)[**Cyclic Materials** $75M · Aug 2026](https://millionrounds.com/company/cyclic-materials)[**Antares Labs** $7.3M · Jul 2026](https://millionrounds.com/company/antares-labs)

## On podcasts

5 episodes naming Fifth Wall in the title, and 4 more that mention it.

- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 17 Jan 2025 · 32 min Fifth Wall’s Brendan Wallace on wildfires, insurance, and the unquenchable demand for data centers Mentions [Brendan Wallace](https://millionrounds.com/fund/brendan-wallace)[Fifth Wall](https://millionrounds.com/fund/fifth-wall)[Fifth Wall Ventures](https://millionrounds.com/fund/fifth-wall-ventures) *+2* Apple Podcasts
- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 19 Feb 2022 · 30 min Fifth Wall's Brendan Wallace Two Years and a Pandemic Later Mentions [Brendan Wallace](https://millionrounds.com/fund/brendan-wallace)[Fifth Wall](https://millionrounds.com/fund/fifth-wall) Apple Podcasts
- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 24 Nov 2020 · 48 min Brendan Wallace of Fifth Wall on building a different type of venture firm - Venture Unlocked 009 Mentions [Brendan Wallace](https://millionrounds.com/fund/brendan-wallace)[Fifth Wall](https://millionrounds.com/fund/fifth-wall)[Fifth Wall Ventures](https://millionrounds.com/fund/fifth-wall-ventures) *+1* Apple PodcastsShow page
- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 15 Feb 2020 · 41 min Brendan Wallace of Fifth Wall Mentions [Brendan Wallace](https://millionrounds.com/fund/brendan-wallace)[Fifth Wall](https://millionrounds.com/fund/fifth-wall)[Venture Management](https://millionrounds.com/fund/venture-management) Apple Podcasts
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 3 May 2017 · 32 min 20VC: How LPs Can Add Strategic Value To Portfolio Companies & Why Real Estate Is On Every Whiteboard In Silicon Valley with Brendan Wallace, Co-Founder @ Fifth Wall Mentions [Brendan Wallace](https://millionrounds.com/fund/brendan-wallace)[Fifth Wall](https://millionrounds.com/fund/fifth-wall) Apple PodcastsShow page

### Mentioned in

- [Sourcery](https://millionrounds.com/podcasts/sourcery) 28 May 2025 · 1h 8m How Wander Raised $50M to Reinvent Luxury Travel Apple PodcastsShow page
- [Latitud Podcast](https://millionrounds.com/podcasts/latitud) 24 Aug 2023 · 47 min #156, Balancing curiosity and focus as a startup founder: Parker Treacy, Cobli Apple Podcasts
- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 5 Apr 2021 · 50 min 276. How COVID Has Instigated a Massive Demographic Reshuffling, Accelerating the Transformation of Retail, and Why Real Estate Will Become the Largest Consumer of Climate Tech (Brendan Wallace) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 18 Feb 2021 · 44 min 20VC Special: The Real Estate Fintech OGs on Why This Is Not The End For The Bay Area and What Can Be Done To Solve It, The Pros and Cons of Working with Corporate Investors and How Leading Their Teams Has Fundamentally Changed in a COVID World Apple PodcastsShow page

## Quick answers about Fifth Wall

### What does Fifth Wall invest in?

Fifth Wall invests most often at Series A and Series B (47% of the rounds on record), in sectors such as Proptech, Real Estate and Technology.

### How active is Fifth Wall?

118 investments on record, 21 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has Fifth Wall invested in recently?

Its most recent investments on record: Twelve (Debt, Sept 2026), Solea (Seed, Sept 2026) and Kastle (Series A, Sept 2026).

### How big are Fifth Wall's cheques?

The median round it joins is $30M.

### Does Fifth Wall lead rounds?

Sometimes: it led 2 of its 118 investments on record (2%).

### Where does Fifth Wall invest?

Most of the companies it backs are in the United States (85%) and Canada (5%).

### Is Fifth Wall investing now?

Yes: it is actively investing, with 21 investments in the last 12 months.

### Who does Fifth Wall invest alongside?

Most often Y Combinator (11 rounds together), Alumni Ventures (8 rounds together) and Andreessen Horowitz (8 rounds together).

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