Fifth Wall

Fifth Wall, established in 2016, is a leading global venture capital firm focused on technology for the real estate industry. Based in Venice, California, with an additional office in San Francisco, the company invests in early-stage tech solutions and startups that cater to various real estate sectors, including retail, industrial, hospitality, multi-family, homebuilding, office, and brokerage. Fifth Wall typically invests between $5 million and $25 million per round, connecting its extensive network of strategic limited partners, comprising over 90 global real estate owners and operators, with promising entrepreneurs. As a Certified B Corporation, Fifth Wall is committed to sustainable and responsible business practices.

Cedric Char

Vice President, Climate Technology Investment Team

Mackenzie Chisholm

Vice President, Strategy and Platform

Virginia Drennen

Principal, Go-To-Market

Dylan Emmett

Partner, LP Coverage and Capital Markets Team

Jeremy Fox

Co-President and Head of Global Partner Coverage

Anjing Fu

Associate

Nadia Hadi

Principal, Capital Formation Team

Ofer Harduf

Partner, LP Coverage and Capital Markets

Oliver Harrison

Senior Associate

Anastasia Istratova

Principal, Climate Technology Investment Team

Fethi Kirdar

Managing Director, Capital Formation Team and Head of Middle East and North Africa

Eric Lee

Partner and CFO

Jeanne Li

Associate, Climate Tech

Julie Lydon

Partner, Communication

Clay Macfarlane

Principal, Climate Technology Team

Josh Melnyk

Analyst

Alec Morgan

Vice President of Climate Technology Investment Team

Andriy Mykhaylovskyy

Managing Partner

Michael New

Partner, Partner Coverage Team

Miguel Nigorra

Partner and Head of the Europe

Jennifer Place

Principal, Climate Technology Investments

Greg Smithies

Partner, Co-Head of Climate Tech

Peter Spring JD

Principal, Partner Coverage and Capital Markets Team

Yvonne Voon

Partner

Joe Wang

Principal, Strategic Advisory Team

Dennis Wei

Principal, LP Coverage and Capital Markets Team

Francesca Whitehead

Vice President of the Investment Team

G. M. Nicholas Vik

Co-President and COO

Past deals in Solar Energy

Mojave Energy Systems

Series A in 2024
Mojave Energy Systems specializes in developing energy-efficient air conditioning solutions tailored for commercial buildings, including applications in grocery stores, hospitals, schools, and natatoriums. The company manufactures a thermally regenerated liquid desiccant air conditioner, which is designed to enhance indoor comfort while significantly reducing energy consumption and operational costs. This innovative system operates reliably, delivering superior performance at a comparable price to traditional systems, while achieving approximately 50% energy savings. By focusing on energy efficiency, Mojave Energy Systems aims to lower the carbon footprint associated with air conditioning, enabling clients to achieve both economic and environmental benefits.

Merlin Solar Technologies

Series B in 2024
Merlin Solar Technologies, Inc. is a company focused on providing innovative solar solutions, including metal roofing, residential roofing, and portable solar modules designed for various applications such as commercial transportation, first responders, and transit fleets. Founded in 2016 and headquartered in San Jose, California, with additional manufacturing facilities in Thailand, the Philippines, India, and Japan, the company specializes in crystalline silicon-based solar panels and grids. These products are engineered to deliver enhanced performance compared to traditional solar panels, making them suitable for demanding environments like metal roofs and mobile power systems. By combining expertise from both the solar industry and other fields, Merlin Solar Technologies aims to redefine solar technology through a solutions-oriented approach that prioritizes mechanical strength and optimal efficiency.

Soly

Series B in 2024
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

Mojave Energy Systems

Seed Round in 2023
Mojave Energy Systems specializes in developing energy-efficient air conditioning solutions tailored for commercial buildings, including applications in grocery stores, hospitals, schools, and natatoriums. The company manufactures a thermally regenerated liquid desiccant air conditioner, which is designed to enhance indoor comfort while significantly reducing energy consumption and operational costs. This innovative system operates reliably, delivering superior performance at a comparable price to traditional systems, while achieving approximately 50% energy savings. By focusing on energy efficiency, Mojave Energy Systems aims to lower the carbon footprint associated with air conditioning, enabling clients to achieve both economic and environmental benefits.

Terabase

Venture Round in 2023
Terabase Energy, Inc. is a technology company focused on enhancing the efficiency and scalability of utility-scale solar projects through automation and digital solutions. Founded in 2019 and headquartered in Berkeley, California, with an additional office in Melbourne, Australia, Terabase offers a cloud-based artificial intelligence platform that facilitates collaboration on digital project models. Its proprietary software is utilized by over 400 firms, including engineering, procurement, and construction companies, developers, and independent power producers across 28 countries. By providing innovative tools and services, Terabase aims to reduce costs and accelerate the deployment of large-scale solar energy projects, thereby supporting the growth of renewable energy infrastructure worldwide.

Solarcycle

Series A in 2023
Solarcycle is a solar technology company focused on creating a circular economy for solar and renewable energy sectors. It specializes in recycling and reusing decommissioned solar panels and technologies, providing an affordable and eco-friendly service to solar asset owners. Utilizing its patented technology, Solarcycle can recover up to 95% of valuable metals such as silver, silicon, copper, and aluminum from solar panels. Additionally, the company repurposes or recycles panels that are still in use, contributing to the sustainability of clean energy by making it completely renewable.

Mojave Energy Systems

Seed Round in 2023
Mojave Energy Systems specializes in developing energy-efficient air conditioning solutions tailored for commercial buildings, including applications in grocery stores, hospitals, schools, and natatoriums. The company manufactures a thermally regenerated liquid desiccant air conditioner, which is designed to enhance indoor comfort while significantly reducing energy consumption and operational costs. This innovative system operates reliably, delivering superior performance at a comparable price to traditional systems, while achieving approximately 50% energy savings. By focusing on energy efficiency, Mojave Energy Systems aims to lower the carbon footprint associated with air conditioning, enabling clients to achieve both economic and environmental benefits.

Solfácil

Series C in 2022
Solfácil is a company that supports solar installers by providing an ecosystem of financial services, equipment sourcing, and technology solutions. Their platform offers professional tools designed to facilitate the closing of deals and investment in solar power systems. This enables customers to access credit lines for solar installations without requiring upfront investments, thereby promoting the adoption of solar energy.

SOURCE

Series D in 2022
SOURCE, founded in 2014 and based in Scottsdale, Arizona, specializes in developing and manufacturing solar-powered devices aimed at extracting drinkable water from the atmosphere. Their innovative hydro panels employ advanced materials science to harvest water even in arid conditions, producing pure, mineralized water that is accessible via a tap. This technology caters to a wide range of applications, including industrial, commercial, residential, and community use, ensuring clean water availability virtually anywhere.

Aurora Solar

Series D in 2022
Aurora Solar Inc. is a technology company that specializes in developing cloud-based software solutions for the solar industry. Founded in 2013 and headquartered in San Francisco, California, Aurora Solar's platform is designed for solar photovoltaic (PV) engineering design, workflow management, and sales facilitation. The software utilizes satellite imagery and lidar data to create detailed 3D models of terrains and buildings, allowing users to accurately assess rooftop dimensions and slopes. This functionality supports a range of stakeholders in the solar sector, including independent installers, module manufacturers, and large corporate contractors, streamlining the planning and installation processes for solar panel systems.

Aurora Solar

Series C in 2021
Aurora Solar Inc. is a technology company that specializes in developing cloud-based software solutions for the solar industry. Founded in 2013 and headquartered in San Francisco, California, Aurora Solar's platform is designed for solar photovoltaic (PV) engineering design, workflow management, and sales facilitation. The software utilizes satellite imagery and lidar data to create detailed 3D models of terrains and buildings, allowing users to accurately assess rooftop dimensions and slopes. This functionality supports a range of stakeholders in the solar sector, including independent installers, module manufacturers, and large corporate contractors, streamlining the planning and installation processes for solar panel systems.

Aurora Solar

Series B in 2020
Aurora Solar Inc. is a technology company that specializes in developing cloud-based software solutions for the solar industry. Founded in 2013 and headquartered in San Francisco, California, Aurora Solar's platform is designed for solar photovoltaic (PV) engineering design, workflow management, and sales facilitation. The software utilizes satellite imagery and lidar data to create detailed 3D models of terrains and buildings, allowing users to accurately assess rooftop dimensions and slopes. This functionality supports a range of stakeholders in the solar sector, including independent installers, module manufacturers, and large corporate contractors, streamlining the planning and installation processes for solar panel systems.

Aurora Solar

Series A in 2019
Aurora Solar Inc. is a technology company that specializes in developing cloud-based software solutions for the solar industry. Founded in 2013 and headquartered in San Francisco, California, Aurora Solar's platform is designed for solar photovoltaic (PV) engineering design, workflow management, and sales facilitation. The software utilizes satellite imagery and lidar data to create detailed 3D models of terrains and buildings, allowing users to accurately assess rooftop dimensions and slopes. This functionality supports a range of stakeholders in the solar sector, including independent installers, module manufacturers, and large corporate contractors, streamlining the planning and installation processes for solar panel systems.
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