Fifth Wall

On the latest episode of The Distribution by Juniper Square, Fifth Wall CEO & CIO Brendan Wallace sits down with Brandon Sedloff to discuss how his experience at Blackstone and as a founder shaped a different kind of venture model—one built for consistency, not just storytelling. The conversation covers: ☑️ Why survivorship bias distorts how many think about success in venture ☑️ How Fifth Wall's strategic LP network accelerates tech adoption ☑️ And why real estate's analog gaps create generational opportunities We're proud to support Juniper Square—not just as an investor, but as a long-time customer—as they cross a major milestone: a $130M Series D and newly minted unicorn status. No small feat in this market. Tune in here: https://bit.ly/4kdTwcZ

A new unicorn—and a major leap forward in private markets infrastructure. Fifth Wall portfolio company, Juniper Square has raised a $130M Series D at a $1.1B valuation. We’re proud to be a significant strategic investor in the round, alongside Ribbit Capital, Redpoint, HighSage Ventures, and Blue Owl Capital. As both an investor and long-time customer, we’ve seen how Juniper Square powers 2,000+ GPs with fund administration, LP communications, and investor reporting. With the launch of JunieAI, they’re introducing agentic AI purpose-built for GPs—bringing automation, intelligence, and scale to the workflows that drive private markets. We’re proud to deepen our partnership in this next chapter. Our partner, Jon Hong has joined as a board observer to support the company’s continued growth and innovation. 🎥 Watch Fifth Wall CEO & CIO, Brendan Wallace sit down with Alex Robinson to discuss the round, the rise of JunieAI, and the future of GP/LP infrastructure: https://lnkd.in/eF_W4xGf

🚨 Portfolio News: Runwise is scaling a category–defining smart operating system for buildings—with $55M in new capital to fuel its new chapter. We’re excited to continuing backing Runwise—alongside Menlo Ventures, Nuveen, a TIAA company, MassMutual Ventures, Munich Re Ventures, Multiplier Capital, Soma Capital, Alumni Ventures, Helium-3 Ventures, Cooley LLP, and others—as they reinvent what’s possible in building operations. Runwise has built something rare: a vertically integrated platform combining proprietary hardware and cloud-based software to make a building’s core systems—heating, water, and electric—smarter, more efficient, and remotely manageable. With 10,000+ deployments across the U.S., their technology is already embedded in the fabric of American cities. This raise reflects what we’ve believed for years: the future of infrastructure is intelligent, connected, and scalable—and Runwise is leading the way.  We’re proud to continue supporting Jeffrey Carleton, Lee Hoffman, and Michael Cook as they scale this transformative platform. 📖 Read more in Axios via Alan Neuhauser: https://bit.ly/3HOpoqU

We’re thrilled to share that Fifth Wall is co-leading Wander's $50M Series B alongside QED Investors with meaningful participation from Redpoint, Uncork Capital, Starwood Capital Group, and Breyer Capital as the company builds the defining brand in vacation rentals. 🌍 The $100B+ global vacation rental market remains highly fragmented—marked by inconsistent experiences for both guests and owners. Wander is changing that by pairing premium inventory with hotel-grade consistency and proprietary AI to deliver a scalable, high-quality experience that sets a new standard for the category. With 1,000+ homes live and a category-leading NPS of 85, John Andrew Entwistle and the Wander team are building not just a hospitality platform, but a trusted brand powered by operational excellence through WanderOS. As institutional real estate owners and operators increasingly explore new solutions and partnerships with next-gen accommodation platforms, Wander represents exactly the kind of company that thrives within Fifth Wall’s consortium model—connecting transformational technology with the world’s largest real estate stakeholders. We’re excited to continue backing Wander as they reimagine the future of travel. Read more: wander.com/series-b

We’re thrilled to announce our co-lead investment—alongside Sunriver Capital Partners—in VERO, the modern leasing platform transforming the experience for both renters and owner-operators 🚀 Residential leasing is long overdue for reinvention. Operators are forced to rely on fragmented systems and incomplete risk signals. Renters face outdated and invasive processes. And fraud is only rising. VERO solves this at the root, automating verification, eliminating manual workflows, and delivering real ROI to many of the largest owner-operators in the country, including several of Fifth Wall’s LPs. After leading VERO’s Series B in 2023, we’re doubling down. With new capital, a strengthened leadership team, and growing demand, VERO is poised to become a category-defining platform. To help guide what’s next, our Co-President & COO G.M. Nicholas Vik has joined the Board. Learn more on the raise and what’s ahead in Commercial Observer: https://bit.ly/43iKBAA

We’re honored to be recognized on Commercial Observer's 2025 Power 100 list for the sixth consecutive year — and proud to see our leadership team, Brendan Wallace, G.M. Nicholas Vik, Jeremy Fox, and Brad Greiwe, named among the most influential in real estate. 🏆 This recognition reflects our continued focus on being the most active, trusted, and impactful investor at the intersection of real estate and technology. From launching our latest Flagship fund to landmark outcomes like ServiceTitan and Industrious, we’re proud to partner with the entrepreneurs and institutions transforming the built world. Congratulations to our partners who were also recognized: Starwood Capital Group, CBRE, Prologis, The Durst Organization, Equity Residential, Related Companies, Hines, and Jamestown, amongst others. Read more: http://bit.ly/3H4yQGi

🧊 Traditional air conditioning systems were designed for buildings from a century ago—and they haven't kept up with the needs of today. In this video, Mojave Energy Systems, Inc. CEO Philip Farese explains how his company is changing that. Mojave’s dedicated outdoor air system brings in fresh, dry, cool air using about half the energy of a conventional HVAC system. By combining vapor compression with liquid desiccant technology, Mojave delivers comfort and efficiency—without the overcooling and energy waste of legacy systems. Whether it's a grocery store, hospital, school, or multifamily building, Mojave's drop-in solution is designed to fit right into existing infrastructure. It's built for contractors, engineers, and building owners who want better performance without complexity. In 2024, Mojave launched its first commercial product, expanded to 40 states, and raised a $9.5M Series A co-led by Fifth Wall. Read more: https://lnkd.in/d8bufQDh

⚡️ Founded by Arch Rao, SPAN is redefining what's possible in residential energy infrastructure. For years, Rao and his team have pushed boundaries with their smart panel technology. Now, they’re taking things further—bringing electrification to the grid edge with a solution that installs in just 15 minutes. In this video, Rao and Fifth Wall Partner Greg Smithies discuss SPAN's recently unveiled breakthrough product, SPAN Edge, a simple yet powerful meter extension that could rapidly scale whole-home electrification across the U.S. This meter extension eliminates a major bottleneck: the need for costly, time-intensive electrical panel upgrades. It connects seamlessly to a new SPAN gateway, enabling homeowners to add solar, batteries, EV chargers, and electric appliances without the usual friction or expense. It’s a win for homeowners, utilities, and the climate. At Fifth Wall, we invest in founders solving real problems with scalable, market-ready tech. Arch and the SPAN team are doing exactly that—and we’re proud to support their mission to accelerate built-world electrification by integrating with the systems already in place. Read more: https://lnkd.in/eBkWTBvm

🙏 We set out to build a big company in my home city #ATL 🍑 and here we are one of the fastest growing companies there is! Thanks Inc. Magazine for this amazing recognition. REAL TALK: Document Crunch will continue to make its mark in this beautiful city and we are looking for more stellar PEOPLE to join the #Crunchers leading the construction industry to a future with zero disputes and stronger relationships. https://lnkd.in/ev9yqTaK

Fifth Wall recently hosted its 2025 Annual General Meeting, bringing together our investors, portfolio companies, and staff for a memorable day at The New York Historical. We pride ourselves on prioritizing partnerships and forging high-trust relationships between our team, our LPs, and our portfolio companies. Some highlights included: – A fireside chat with CBRE Chief Commercial Officer and Industrious CEO & Co-Founder Jamie Hodari, CBRE Global President of Property Management Emma Buckland, and Fifth Wall Partner Ofer Harduf. – Our annual portfolio company showcase featuring Assembly OSM, Bilt Rewards, Brimstone , ButterflyMX, Cyclic Materials, EV Realty, Higharc, Lessen, Loop Global, Merlin Solar Technologies, Mill, Mojave Energy Systems, Inc., Neighbor, Pronto Housing, Pulley, RoadRunner, Runwise, ServiceTitan, Solfácil, Tailorbird, Trunk Tools, VTS, and WiredScore. – A panel on Fifth Wall’s platform advantage from Fifth Wall Co-President and COO, G.M. Nicholas Vik and Virginia Drennen, Principal, Value Creation – A keynote from Brendan Wallace, CEO & Chief Investment Officer at Fifth Wall We'd like to thank everyone who attended one of our favorite events of the year. Fifth Wall’s strategic network is at the heart of our unique model of venture capital, and we deeply value the meaningful conversations, connections, and partnerships that spring from in-person events.