socaltech.com Los Angeles-based property technology investor Fifth Wall has raised $300M in a Special Purpose Acquisition Company (SPAC) last week, Fifth Wall Acquisition I. Fifth Wall's SPAC offering was run by Goldman Sachs & Co and Deutsche Bank Securities. Fifth Wall Acquisition I said it had not yet selected any business combination target for the SPAC. The SPAC is Fifth Wall's first; the firm has been a very active investor in the region in technology companies. Fifth Wall Acquisition I said it intends to "identify and acquire a technology business focusing on verticals of the real estate industry, as well as the adjacent industries" although it may pursue an acquisition in any business, industry, sector or geographical location. The use of Special Purpose Acquisition Companies (SPACs) has been the most active area of exits and moves to the public markets in the last year.