Fifth Wall

🔋California has become a global leader in installing grid-scale batteries since 2020, second only to China. These batteries store energy produced by solar power during the day for use at night, reducing reliance on fossil fuels. They also help with managing heat waves and wildfires. California has a goal to achieve 100% carbon-free electricity by 2045, and large batteries are a big part of making that happen. In the last three years, around 16,000 megawatts of storage has been added to the national grid, with expectations of doubling this capacity in the next year. 🎥 Featuring Francesca Whitehead #grid #batteries #energy

😊 According to sentiment analysis on Glassdoor data, companies with flexible working polices have happier employees than those with full-time office mandates. There was no different in sentiment between fully remote companies and structured hybrid ones, but there was a significant different in sentiment among companies with full-time office expectations. Employees felt less positively about culture, work-life balance, and career opportunities at these organizations, according to Scoop. 🎥 Featuring Rob Sadow, CEO and Co-Founder of Scoop

📸 We pride ourselves on prioritizing partnerships and forging high-trust relationships between our team, our LPs, and our portfolio companies. In-person events, like our 2024 AGM this past March, are a great "physical instantiation" of our model (as Brendan Wallace sees it). #venturecapital

As our industry evolves, I think the term "proptech" will evolve to mean more than just software for the real estate industry. It will also include built world climate technology. This is not something I would have said a few years ago: in the early days of Fifth Wall's Climate Fund, we clearly divorced our climate tech and proptech strategies and ran them as separate pools of capital. But as we've evolved we've realized it's getting very hard to disambiguate the two, and it's impossible to be a credible proptech investor without also investing in climate tech...and vice versa, if you're investing in climate tech for the real estate industry, you need to have a deep understanding of proptech: real estate software and how the digitization of real estate works. My sense is this will all basically be referred to as "proptech," but the term will widen to include this built world climate technology. #proptech #climatetech #venturecapital

Proptech integrations are hard, and it’s been this way for more than a decade. We can solve this problem by taking a page out of fintech’s playbook… In the fintech industry, banking systems historically required large engineering teams. Companies like Plaid and Stripe revolutionized this process by simplifying integrations, which resulted in a huge wave of fintech innovation. Many leading property management softwares, companies like Yardi and RealPage, were founded in the 80s and 90s. Their SOAP APIs can be difficult to work with. As a result, proptechs have frequently struggled to build integrations that work with these foundational technology platforms. Integrations are becoming increasingly expensive, causing operators to spend millions every year just trying to maintain all the various technology solutions in their proptech stack. My company, Propexo, seeks to ease the integration burden for property operators, who currently spend significant amounts on maintaining their tech stacks. By providing streamlined and reliable integrations, Propexo helps reduce these costs and turn integration into a competitive advantage. Propexo aims to address this by standardizing and modernizing API integrations, making them more efficient and enabling proptech firms to expand their market reach quickly. Proptech is on the cusp of a revolution… #proptech #multifamily #propertymanagementsoftware #integrations

🏡 "Modular construction" means building homes in the same way we manufacture automobiles or airplanes. This approach increases the speed of construction, which in turn should increase housing affordability, which is a major issue in the United States right now. Japan and Sweden have had huge successes with modular construction due to regulations that are friendlier to builders, compared to more stringent U.S. regulations around building housing. However, despite these regulatory differences, a new wave of U.S. startups are tackling the construction innovation space, such as our portfolio companies Assembly OSM and ICON. 🎥 Featuring Fifth Wall's Francesca Whitehead

Did you miss the "What Tenants Want" panel, featuring Brendan Wallace from Fifth Wall, Neil Vogel from Dotdash Meredith, Melissa Myers from Okta, and Shannon Loew from Amazon at VTS Accelerate 2024? Don't worry—we've got you covered with the essential highlights ⚡ Click the link below to explore the full highlights and learn how you can apply these strategies to your organization. ⬇ https://lnkd.in/eWWZiUVH

Hot jobs! Here are 3 roles our portfolio companies are actively recruiting for: 💼 Manager, Business Development, ERP @ Procore Technologies — Remote They are looking for someone to lead and execute technology partnerships, ensuring the interoperability of ERP platforms with Procore’s financial solutions. The role involves managing strategic financial partners, driving integration strategies, negotiating contracts, and collaborating with various teams to develop partner go-to-market strategies. The ideal candidate should have over 5 years of experience in BD/partnerships, or strategy within a SaaS company, excellent communication skills, and the ability to manage cross-functional relationships. Apply: https://lnkd.in/efE544C2 💼 Business Development Representative @ Document Crunch — Atlanta / hybrid They are looking for someone to generate new business opportunities by identifying and qualifying potential clients. The role involves conducting market research, creating outreach strategies, and engaging with prospects through various communication channels. Ideal candidates should have a strong background in sales or business development, excellent communication skills, and a proactive approach to identifying and pursuing new business opportunities. Apply: https://lnkd.in/eaAFgTkR 💼 Real Estate - Inbound Sales @ PropHero — Madrid / hybrid They are looking for someone to manage the sales process, handle client interactions, negotiate terms, and close deals. The role requires 2-4 years of B2C sales experience in a digital environment, excellent communication skills in Spanish and English, and a proactive, detail-oriented approach. The position offers remote work, opportunities for career growth, and a competitive package in a fast-growing, innovative startup. Browse 2,738 jobs at 97 of our portfolio companies on our jobs board: https://lnkd.in/geU2UTRT #hiring #jobs

⚡️ A very old New York City building is undergoing a $35 million energy retrofit, which could reduce emissions by as much as 70% annually and serve as a blueprint for property owners across the country. The retrofit includes connecting it to the building next to it in order to have it serve as a giant battery, constructing an underground reservoir, and connecting the building pipes for improved energy. A conservation ventilation system in both buildings is also being connected and is capturing some of the wasted energy and emissions coming out of the building. In addition to reducing overall energy costs and avoiding fines, the building's owners expect that these improvements will help them attract more tenants. The retrofit is set to be complete around 2030. 🎥 Featuring Fifth Wall's Anastasia Istratova #realestate #retrofit

🪐 The European Union is exploring launching data centers into space, which would be powered by solar energy and not require cooling. Data centers have been one of real estate's hottest asset classes, thanks to the dawn of generative AI and the massive amount of computing power models require to run. Data centers use a ton of energy and water, and sites fit for both have been harder than ever for developers to find. Could space be a viable destination? #realestate #datacenters