UPDATE 1-Fifth Wall raises $503 mln from property owners seeking tech edge [Reuters]
Lennar Corporation Class A (LEN)
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Source: Reuters
UPDATE 1-Fifth Wall raises $503 mln from property owners seeking tech edge - Reuters 3 Min Read (Adds amount of venture capital funding for real estate technology in last paragraph) By Herbert Lash NEW YORK, July 17 (Reuters) - Fifth Wall, a venture capital firm focused on real estate technology, raised $503 million from a group of 50 large U.S., European and Asian property owners who will provide a market for the start-ups and their products it invests in. Venice, California-based Fifth Wall said on Wednesday its real estate venture capital fund is the largest “proptech” investment pool raised to date and its investor base is the largest consortium of property owners ever assembled. Property owners have been slow to adopt technologies that use predictive analytics and sensors, for example, to slash energy consumption or increase efficiency. Fifth Wall, founded in 2017, is seeking to fill a void as functions such as data collection are increasingly being computerized. Fifth Wall inves
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LEN
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- 3/13/24 - Beat
LEN
Sec Filings
- 4/25/24 - Form 10-K/A
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- LEN's page on the SEC website