Aldar Partners with Global Venture Capital Firm Fifth Wall
to Invest in European Proptech Fund
Abu Dhabi, UAE - 3 May 2021:
● Investment to go into Fifth Wall’s European Real Estate Technology Fund
● Fifth Wall is the world’s largest venture capital firm focused on PropTech
● Aldar is the first limited partner (LP) from the Middle East and North Africa (MENA) region to invest in the fund
● Partnership to give Aldar access to the latest technologies and trends that are driving the evolution of the real estate sector in Europe
In line with its strategy to promote the adoption of disruptive technology in the real estate market, Aldar Properties (‘Aldar’) has entered a strategic partnership with Fifth Wall, the world’s largest venture capital firm focused on real estate technology. The investment into Fifth Wall’s European Real Estate Technology Fund (the “Fund”) makes Aldar the first limited partner from the MENA region to invest in the fund. Through this investment, Aldar aims to tap into Fifth Wall’s large network of PropTech startups in Europe to gain access to the latest technologies and trends that are driving the evolution of the real estate sector. This access will provide Aldar with vital insights to inform its business decisions and identify solutions and potential enhancements to the various businesses that are part of Aldar. With the European PropTech Association expecting USD 185 billion to be invested in PropTech globally before 2025, Aldar joins a group of established Fifth Wall strategic LPs from around the world who seek to identify and potentially invest in category-leading PropTech startups in the European real estate technology ecosystem.