Redwood Trust To Expand RWT Horizons’ Pipeline Of New Venture Technology Investments Through Strategic Partnership With Frontiers Capital
Redwood Trust, Inc., a leader in expanding access to housing for homebuyers and renters, announced an investment partnership with Frontiers Capital, a Silicon Valley based investment management firm focused on exponential technologies. Financial details of the transaction were not disclosed.
Redwood’s venture investment strategy arm, RWT Horizons, and Frontiers Capital will invest in early-stage startups in frontier technologies, including artificial intelligence, machine learning, cloud computing, big data, blockchain, and 5G, among others. The partnership will provide a differentiated sourcing channel for technology investments to complement RWT Horizons’ direct investment program, which to date has made strategic investments in eight early-stage companies with a nexus to Redwood’s residential and business-purpose lending platforms. The Frontiers partnership will focus on sectors including real estate technologies, financial technologies, and digital infrastructure, all of which are anticipated to have a disruptive impact across these ecosystems in the near future.
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Ryan McBride, Chief Investment Officer of RWT Horizons, commented, “Redwood and Frontiers have a shared vision for technology’s ability to transform our world for the better. Frontiers’ management team, with a combined 25 years of VC experience, brings significant expertise and unique sourcing channels which greatly complement the successful investment strategy currently deployed by the RWT Horizons team. We believe this strategic partnership can meaningfully increase our investment opportunities in high-quality, early-stage startups that have the potential to disrupt the mortgage finance industry.”
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Rupam Shrivastava and Ajay Singh, General Partners of Frontiers Capital, said, “We are pleased to work with Redwood, who has been an early supporter and investor of Frontiers Capital. This partnership brings together our focus on frontier and exponential technology investing and Redwood’s leadership, deep sector knowledge and experience in real estate investing. We are looking forward to our strong future together made possible through this partnership.”
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