US proptech VC Fifth Wall sets up first APAC office in Singapore

US proptech VC Fifth Wall sets up first APAC office in Singapore

Yvonne Voon, partner, Fifth Wall and its management

New York-based Fifth Wall, a proptech-focused venture capital firm, has opened its first Asia-Pacific office in Singapore with the appointment of a real estate veteran.

Based in the city-state, Yvonne Voon will be leading the world’s largest proptech investor as partner for the region where she will propel Fifth Wall’s global commitment to investments in proptech and climate tech.

Voon is joining the firm this month from ESR-backed logistics real estate firm LOGOS Property where she served as head of ​​group capital raising for over a year. Prior to that, Voon held a near 14-year tenure at Zurich-based investment bank Credit Suisse where she was eventually promoted as head of Southeast Asia real estate for investment banking and capital markets in 2018.

“Over the course of my tenure fostering and expanding investor relations, Fifth Wall and their expansive LP network across both the US and Europe has long been on my radar,” said Voon.

“I am excited to leverage my long-standing investor relationships and deep market expertise at the critical intersection of technology and real estate to help accelerate the growth of proptech and climate tech across the APAC region.”

Founded in 2016, New York-based Fifth Wall invests in proptech and climate tech with approximately $3.2 billion portfolio under management across North America and Europe. It has attracted more than 110 strategic limited partners including CDL, Keppel Land, MITSUBISHI ESTATE C., and NZ Super Fund, among others.

In December of 2022, Fifth Wall announced that it had reached $866 million in the final close of its third proptech fund Real Estate Technology Fund III, boosting its total capital raised for the sector to $1 billion at the time.

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