Founded by Adam Demuyakor, Wilshire Lane was reportedly looking to raise up to another $85m.
Wilshire Lane Capital, a property technology fund anchored by real estate manager Morgan Properties, has raised $40m for its debut fund.
Other limited partners included JPMorgan Asset Management and private equity firm Nile Capital.
Founded by Adam Demuyakor, a former venture capitalist at Fifth Wall and Andreessen Horowitz, Wilshire Lane was reportedly looking to raise up to another $85m for the early-stage fund by the end of this year, according to dot.LA.
Wilshire Lane is especially focused on companies with…
