Los Angeles-based venture capital fund Fifth Wall channelled some capital from its first real estate fund into Lime, an electric scooter sharing service. Lime, based in San Francisco, is primarily focused in the US and Europe, but announced it will open its Asian headquarters in Singapore during the third quarter. Photo: AFP

Los Angeles fund Fifth Wall says it will channel some capital from its new property fund into Asian start-ups

  • Fifth Wall says it will seek out Asian start-ups involved in artificial intelligence or robotics for smart buildings, as well as concepts that leverage blockchain technology
  • Mainland developer China Vanke ranks as the only mainland company among the 50 backers of Fund II, a venture capital fund run by Fifth Wall that raised US$503 million
Topic |   Start-ups

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Los Angeles-based venture capital fund Fifth Wall channelled some capital from its first real estate fund into Lime, an electric scooter sharing service. Lime, based in San Francisco, is primarily focused in the US and Europe, but announced it will open its Asian headquarters in Singapore during the third quarter. Photo: AFP
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