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 Recycling

Cyclic Materials

Series B in 2024
Cyclic Materials specializes in recycling services that focus on recovering rare earth elements from landfill-bound products. The company aims to minimize the need for new mining operations and facilitate the transition to electric mobility and cleaner energy solutions. By implementing an innovative process to reclaim critical metals used in high-performance magnets, Cyclic Materials supports industries such as wind turbines, electric vehicles, and electronics. This approach not only helps reduce carbon dioxide emissions but also enhances local supply chains by reintroducing these materials back into the manufacturing process.

Twelve

Series C in 2024
Twelve, formerly known as Opus 12, is a Berkeley, California-based company that specializes in recycling carbon dioxide emissions into valuable chemicals and fuels. Founded in 2015, the company has developed innovative technology that can be integrated with any source of CO₂ emissions. By utilizing only water and electricity as inputs, Twelve transforms captured carbon dioxide into essential products such as methane, ethylene, and ethanol. The firm aims to provide a cost-competitive alternative to petroleum-derived chemicals and fuels, thereby addressing carbon emissions while simultaneously creating economically viable solutions.

Ascend Elements

Series D in 2023
Ascend Elements is a manufacturer of advanced battery materials, specializing in the reclamation of valuable elements from spent lithium-ion batteries. The company employs hydroprocess recycling and direct recycling techniques to deconstruct old cathode materials to the atomic level, allowing for the creation of new cathode materials. This innovative approach not only facilitates the recycling of battery components but also supports clients in maximizing their returns on investments, promoting the economic viability of recycling and the production of low-cost battery materials.

Ascend Elements

Series D in 2023
Ascend Elements is a manufacturer of advanced battery materials, specializing in the reclamation of valuable elements from spent lithium-ion batteries. The company employs hydroprocess recycling and direct recycling techniques to deconstruct old cathode materials to the atomic level, allowing for the creation of new cathode materials. This innovative approach not only facilitates the recycling of battery components but also supports clients in maximizing their returns on investments, promoting the economic viability of recycling and the production of low-cost battery materials.

Cyclic Materials

Series A in 2023
Cyclic Materials specializes in recycling services that focus on recovering rare earth elements from landfill-bound products. The company aims to minimize the need for new mining operations and facilitate the transition to electric mobility and cleaner energy solutions. By implementing an innovative process to reclaim critical metals used in high-performance magnets, Cyclic Materials supports industries such as wind turbines, electric vehicles, and electronics. This approach not only helps reduce carbon dioxide emissions but also enhances local supply chains by reintroducing these materials back into the manufacturing process.

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.

RoadRunner Recycling

Series D in 2022
RoadRunner Recycling, Inc. is a company based in Pittsburgh, Pennsylvania, that specializes in recycling and waste management services for businesses. Founded in 2014, it offers a range of services including cardboard and paper recycling, mixed recycling, waste management, compost services, dumpster rental, and one-time pickups. The company leverages technology to provide efficient solutions that help commercial waste generators reduce their recurring costs. By implementing innovative logistics strategies, RoadRunner Recycling significantly decreases fuel consumption and carbon emissions, while maximizing the value extracted from recyclable materials. This approach not only leads to substantial cost savings for businesses but also enhances their environmental performance.

Mill

Series B in 2022
Mill is a company dedicated to reducing food waste through innovative technology. It produces kitchen bins designed to dry, shrink, and deodorize leftover food overnight, transforming it into a compostable material similar to coffee grounds. These bins are digitally connected and available for rent, with the company offering free shipping of the dried waste to facilities that convert it into animal feed. By providing an efficient system for managing kitchen waste, Mill aims to address one of the most pressing climate issues today, contributing to environmental sustainability.
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