Fifth Wall, the largest venture capital firm focused on real estate technology, has partnered with BNP Paribas Real Estate to launch its business in Europe with the Fifth Wall Real Estate Technology European Fund, its first European proptech fund.
The California-based company, founded in 2016, has more than $1.2 billion under management, raised from industry stakeholders via several funds. The investment in the fund is a strategically important move for BNP Paribas Real Estate, envisioning that innovative tech solutions will be critical for developing better buildings and cities.
The launch of the fund in Europe is an important next step for Fifth Wall and follows on from its success in the North American market, offering a gateway for European firms to the United States and further afield.
The fund aims mainly to identify and invest in the most promising European proptech startups and to accelerate European real estate innovation adoption, replicating the succe
