New York-listed housing provider Invitation Homes and property manager Ivanhoé Cambridge have committed to US-based venture capital firm Fifth Wall’s Climate Technology Fund.
The fund will invest in technologies focusing on decarbonisation within real estate. It is stage agnostic and will target areas such as materials, construction, operations and revitalisation.
Brendan Wallace, Fifth Wall’s co-founder and managing partner, said: “Decarbonising the residential sector is critical to the future of our environment.”
Dallas Tanner, Invitation Homes’ president and CEO, added: “We are very pleased to support the climate tech fund and to be at the forefront of helping to find and advance climate-friendly home solutions.”
Ivanhoé Cambridge has committed $85m in total across four Fifth Wall funds, including vehicles it manages that cover retail and real estate technology in North America and Europe.
