Foundamental

Foundamental GmbH is a venture capital firm founded in 2018, with offices in Berlin, San Francisco, and Singapore. It focuses on investing in the construction and mining technology sectors, targeting early-stage companies across Europe, Asia-Pacific, and North America. As a prominent global investor in ConstructionTech and related fields, Foundamental aims to support ambitious founders from the inception of their ventures through to their initial public offerings. The firm manages approximately $150 million across its early-stage funds and has invested in several leading companies in construction and design technology, demonstrating its commitment to fostering innovation in these industries.

Shubhankar Bhattacharya

General Partner

Naveen Mortha

Senior Associate

55 past transactions

Graneet

Series A in 2023
Graneet is a Digital Site Manager Assistant that is designed to help Construction Project Managers better track the financials and administrative processes of their projects (invoices, expenses, payments...).

Tazapay

Series A in 2023
Tazapay is a trade management platform that focuses on enhancing cross-border commerce for small and medium-sized businesses (SMBs). The platform addresses trust barriers often encountered in international trade by offering essential financial technology tools and services. It enables users to conduct background checks on trade partners and safeguards payments through digital escrows. Additionally, Tazapay provides templated proposals and contracts, along with other related services, to streamline negotiations and reduce friction in trade transactions. By facilitating these processes, Tazapay aims to increase the success rate of international trade for SMBs.

Earlytrade

Series A in 2022
Earlytrade is a cloud-based B2B network that transforms the payment process for businesses by allowing corporate customers to pay approved invoices early. This platform enables companies to invest their cash reserves directly into their supply chains, promoting early payment incentives that empower suppliers to control their cash flow without resorting to additional funding or debt. By facilitating secure invoice uploads and helping clients manage bids, Earlytrade fosters stronger relationships between suppliers and corporate customers, resulting in increased satisfaction and improved profit margins for businesses.

011h

Series A in 2022
011h Sustainable Construction SL operates as a construction company. It constructs all types of buildings for housing and other uses. The company offers design, procurement, manufacturing, construction, and digital support service for property operation and maintenance. 011h Sustainable Construction SL was incorporated in 2020 and is based in Barcelona, Spain.

Ivy Homes

Seed Round in 2022
Ivy Homes uses a proprietary algorithm to estimate property prices and offer instant liquidity to homeowners. Ivy Homes making the process of selling a home simple, transparent, and convenient.

Electry

Seed Round in 2022
PowerUs is a digital career platform for technical blue-collar workers to empower them in their careers and help them find better jobs.

Werk

Pre Seed Round in 2022
Werk is a construction labor marketplace that aims to revolutionize the hiring process in the construction industry by significantly improving efficiency. Founded in August 2020 and based in Tallinn, Estonia, Werk connects skilled construction workers with trusted subcontractors, creating a transparent platform where worker skills are visible and easily accessible. This innovative approach addresses the traditional reliance on word-of-mouth referrals, which often leaves a large portion of the workforce unrecognized by contractors. By facilitating instant matching between available talent and job opportunities, Werk enables contractors to access the right workers on demand, eliminating the time wasted on sourcing potential hires. The platform not only streamlines the hiring process but also ensures that workers can find suitable jobs that align with their skills and compensation expectations.

Cottage

Series A in 2022
Cottage Technologies, Inc. is a company that specializes in providing a comprehensive solution for accessory dwelling units (ADUs) in the Bay Area. Founded in 2019 and based in San Francisco, Cottage manages the entire process of planning, financing, building, and renting ADUs, aiming to simplify the experience for customers. The company offers a range of services designed to alleviate the complexities often associated with ADU projects, including options for financing without upfront costs.

Wiz Freight

Series A in 2022
Wiz Freight is a full-stack digital freight management platform for emerging markets.

Tul

Series B in 2022
Tül offers an application where users can buy hardware and construction products directly from their phone, at the time that best suits them and their business. It is their right hand for the purchase of all hardware and construction products. Users will find the best prices on their purchases, they can buy what they want when they want it and they will receive what it is when it is.

Homebase

Venture Round in 2021
Homebase operates a real estate lending platform that facilitates homeownership by offering customized financing options. The company's services include rent-to-own real estate financing, providing an alternative to traditional mortgages that often come with rigid terms and high interest rates. By enabling potential homeowners to purchase properties without the need for significant savings upfront, Homebase aims to simplify the process of buying and owning a home.

Graneet

Seed Round in 2021
Graneet is a Digital Site Manager Assistant that is designed to help Construction Project Managers better track the financials and administrative processes of their projects (invoices, expenses, payments...).

1build

Series A in 2021
1build, Inc. develops software to convert building blueprints into material shopping lists and cost estimates. Its platform automates cost estimates for construction companies. The company offers a data-driven approach and algorithms to collaborate on building design and construction. 1build, Inc. was incorporated in 2019 and is based in Mountain View, California.

Juno

Series A in 2021
Juno Residential, Inc. specializes in the development of residential apartments, focusing on providing environmentally friendly and efficient housing solutions. Incorporated in 2018 and based in San Francisco, California, the company employs prefabrication techniques and utilizes organic, low-carbon materials, such as mass timber, in its construction processes. By prioritizing modern design and sustainability, Juno Residential aims to deliver curated living spaces that meet the demands of contemporary urban life.

Dekoruma

Series C in 2021
PT Dekoruma Inovasi Lestari operates an online platform specializing in the sale of home furnishings and furniture, including a diverse range of products such as kitchen and dining room items, decor, bedroom furnishings, mattresses, household appliances, and lighting solutions. Founded in 2015 and headquartered in Jakarta, Indonesia, Dekoruma aims to provide affordable inspiration for creating beautiful and comfortable living spaces. The company's vision is centered on the belief that a stylish home can be achieved without incurring high costs.

Yojak

Seed Round in 2021
We at Yojak are building India’s first B2B managed marketplace for finishing building materials, that helps retailers and manufacturers increase their business. Our long term vision is to build the whole ecosystem for building materials catering to global demand through a global footprint of supply.

Wiz Freight

Seed Round in 2021
Wiz Freight is a full-stack digital freight management platform for emerging markets.

Tul

Series B in 2021
Tül offers an application where users can buy hardware and construction products directly from their phone, at the time that best suits them and their business. It is their right hand for the purchase of all hardware and construction products. Users will find the best prices on their purchases, they can buy what they want when they want it and they will receive what it is when it is.

LocoNav

Series B in 2021
We are bringing together the power of our proprietary technology and wide reach to change India's vehicle landscape. Vehicle owners, Businesses, and Transporters in India are forced to run vehicles with extreme inefficiency and poor security. We're determined to change that.

Yojak

Series A in 2021
We at Yojak are building India’s first B2B managed marketplace for finishing building materials, that helps retailers and manufacturers increase their business. Our long term vision is to build the whole ecosystem for building materials catering to global demand through a global footprint of supply.

Infra.Market

Series C in 2021
Hella Infra Market Limited specializes in the supply of construction materials, including ready mix concrete, flyash, construction chemicals, aggregates, and cement. Established in 2016 and based in Thane, India, the company operates Infra.Market, an online procurement marketplace designed for the real estate and construction materials sector. This centralized platform streamlines the purchasing process by aggregating client demands and connecting them with its supply chain, while also offering affordable credit options and efficient delivery tracking. By enhancing the technology experience and providing fair pricing, Infra.Market aims to meet the needs of its customers in the construction industry.

Mighty Buildings

Series B in 2021
Mighty Buildings is a developer of 3D printing technology and automation platform to make housing more affordable for customers. It is a modular construction company working on disrupting the residential housing market with 3D printing tech, robotics, and composite materials backed by notable top tier venture capital firms. It was founded in 2017 and is headquartered in San Francisco, California.

011h

Seed Round in 2020
011h Sustainable Construction SL operates as a construction company. It constructs all types of buildings for housing and other uses. The company offers design, procurement, manufacturing, construction, and digital support service for property operation and maintenance. 011h Sustainable Construction SL was incorporated in 2020 and is based in Barcelona, Spain.

Infra.Market

Series B in 2020
Hella Infra Market Limited specializes in the supply of construction materials, including ready mix concrete, flyash, construction chemicals, aggregates, and cement. Established in 2016 and based in Thane, India, the company operates Infra.Market, an online procurement marketplace designed for the real estate and construction materials sector. This centralized platform streamlines the purchasing process by aggregating client demands and connecting them with its supply chain, while also offering affordable credit options and efficient delivery tracking. By enhancing the technology experience and providing fair pricing, Infra.Market aims to meet the needs of its customers in the construction industry.

Infra.Market

Series B in 2020
Hella Infra Market Limited specializes in the supply of construction materials, including ready mix concrete, flyash, construction chemicals, aggregates, and cement. Established in 2016 and based in Thane, India, the company operates Infra.Market, an online procurement marketplace designed for the real estate and construction materials sector. This centralized platform streamlines the purchasing process by aggregating client demands and connecting them with its supply chain, while also offering affordable credit options and efficient delivery tracking. By enhancing the technology experience and providing fair pricing, Infra.Market aims to meet the needs of its customers in the construction industry.

Ofload

Seed Round in 2020
Ofload is a digital road freight platform that fully tackles inefficiencies. Ofload connects road freight to thousands of reliable carriers and manage it through technology. This means less waste and more data. Ofload manages end-to-end logistics fulfillment through technology, connects carriers with shippers helping shipments to be delivered quickly and affordably by taking up what would have been empty space in delivery vehicles, allowing businesses to have visibility of their shipments.

Novade Solutions

Series B in 2020
Novade Solutions Pte. Ltd. is a Singapore-based company that specializes in developing smart field management software tailored for the building and construction industry. Founded in 2013, the company's platform enables users to synchronize all project-related data, facilitating the management of inspections, checklists, safety processes, assets, and equipment. By digitizing and automating site processes such as quality control, progress monitoring, and workforce management through mobile devices, Novade provides valuable insights that help streamline operations and improve outcomes. The platform features various tools, including forms and checklists, drawing mark-ups, digital signatures, map locations, QR codes, NFC tags, and picture annotations. Trusted by leading contractors, real estate developers, and operators globally, Novade is committed to driving digital transformation in the construction sector.

Brick&Bolt

Series A in 2020
Brick&Bolt is an e-commerce marketplace providing end-to-end construction services with absolute trust and transparency. We ensure money safety through our escrow facility, transparency using technology, quality through in-house project management team and on-time through penalty clauses for any delays. If you looking for any building/house construction, Brick&Bolt is the place to go to!

reINVENT

Series A in 2020
reINVENT simplify all communication and planning processes for your construction project via a central digital platform.They revolutionize the hardly digitized building industry by offering a software platform to connect all major parties during and after construction. It‘s their mission to redesign all customer processes with digital solutions for communication, data transfer and documentation to generate significant cost and time savings for building contractors and project developers.

Juno

Seed Round in 2020
Juno Residential, Inc. specializes in the development of residential apartments, focusing on providing environmentally friendly and efficient housing solutions. Incorporated in 2018 and based in San Francisco, California, the company employs prefabrication techniques and utilizes organic, low-carbon materials, such as mass timber, in its construction processes. By prioritizing modern design and sustainability, Juno Residential aims to deliver curated living spaces that meet the demands of contemporary urban life.

Ackcio

Seed Round in 2020
Ackcio Pte. Ltd., established in 2016 and based in Singapore, specializes in developing wireless monitoring systems tailored for construction sites and other industrial applications. The company offers real-time, reliable solutions that integrate with various industrial sensors to wirelessly transmit critical data. This data is then stored and analyzed, enabling clients to make informed decisions regarding their projects. By providing timely information, Ackcio's technology helps industries reduce time and costs while enhancing safety by preventing potential disasters.

Dekoruma

Series B in 2020
PT Dekoruma Inovasi Lestari operates an online platform specializing in the sale of home furnishings and furniture, including a diverse range of products such as kitchen and dining room items, decor, bedroom furnishings, mattresses, household appliances, and lighting solutions. Founded in 2015 and headquartered in Jakarta, Indonesia, Dekoruma aims to provide affordable inspiration for creating beautiful and comfortable living spaces. The company's vision is centered on the belief that a stylish home can be achieved without incurring high costs.

SafeAI

Convertible Note in 2020
SafeAI, Inc., founded in 2017 and based in Sunnyvale, California, specializes in developing a software-as-a-service platform tailored for the heavy equipment industry, focusing on mining and construction. The company retrofits existing heavy machinery to enable autonomous operations, transforming traditional equipment into self-operating robotic assets. SafeAI's technology facilitates fleet management and task optimization, enhancing equipment utilization while minimizing human exposure to hazardous environments. By providing a user-friendly interface for controlling autonomous vehicles and machinery, SafeAI aims to accelerate the industry's transition to automation, allowing operators to efficiently manage their fleets and improve operational safety.

1build

Seed Round in 2020
1build, Inc. develops software to convert building blueprints into material shopping lists and cost estimates. Its platform automates cost estimates for construction companies. The company offers a data-driven approach and algorithms to collaborate on building design and construction. 1build, Inc. was incorporated in 2019 and is based in Mountain View, California.

Infraprime Logistics

Series A in 2020
Infraprime Logistics Technologies Private Limited is a logistics company based in Gurgaon Rural, India, established in 2017. The company specializes in the deployment of heavy-duty fully electric mega trucks, primarily serving infrastructure companies. Infraprime Logistics focuses on a data-driven approach, compiling comprehensive datasets related to project sites, crusher operators, miners, transporters, and potential travel routes for its trucks. This enables real-time analytics for efficiently matching unassigned orders with available vehicles and optimizing routes. The company's digital solutions enhance visibility for fleet operators, contributing to more efficient logistics operations while promoting sustainability through the use of electric trucks.

Ackcio

Seed Round in 2019
Ackcio Pte. Ltd., established in 2016 and based in Singapore, specializes in developing wireless monitoring systems tailored for construction sites and other industrial applications. The company offers real-time, reliable solutions that integrate with various industrial sensors to wirelessly transmit critical data. This data is then stored and analyzed, enabling clients to make informed decisions regarding their projects. By providing timely information, Ackcio's technology helps industries reduce time and costs while enhancing safety by preventing potential disasters.

ALICE Technologies

Series A in 2019
ALICE empowers construction engineering and management professionals with modern AI and Optimization techniques. Its software automatically produces detailed schedules and resource allocations, which accurately estimate the cost and time frame for a project. Users understand the construction process through an interactive visualization, and can quickly tweak or modify a schedule to reflect the shifting realities of the construction cycle. It is born out of research at Stanford by a collaborative effort between experienced construction managers, software engineers, and computational methods specialists. ALICE enhances construction planning and scheduling abilities to help keep crews flowing on any size project. It works directly with 3D BIM and using a simple rule-based system, it explores millions of different schedule sequences and gives teams the power to answer “What If?” scenarios and completely reschedule in just minutes. It was founded in 2013 and is headquartered in Menlo Park, California.

INDUS.AI

Series A in 2019
indus.ai, Inc., a technology company, provides a construction Intelligence-as-a-Service software to organize chaos involving people, equipment, and materials in construction sites. It offers Indus.ai, an AI-enabled computer vision software platform that allows users to gain insights about their job sites; install cameras to provide images/videos from their site and the platform turns those into analytics and insights. The company’s solutions are used for developers, general contractors, owners, safety and compliance, and construction intelligence. indus.ai, Inc. was founded in 2017 and is based in San Francisco, California with an additional office in Thornhill, Canada.

LocoNav

Series B in 2019
We are bringing together the power of our proprietary technology and wide reach to change India's vehicle landscape. Vehicle owners, Businesses, and Transporters in India are forced to run vehicles with extreme inefficiency and poor security. We're determined to change that.

HoloBuilder

Corporate Round in 2019
HoloBuilder Inc., based in San Francisco, is a construction technology company that specializes in artificial intelligence-driven software solutions for documenting construction site progress. Founded in 2015, HoloBuilder offers a web-based platform that leverages 360° imagery, computer vision, and virtual reality to provide comprehensive documentation and project management tools. The platform integrates seamlessly with Autodesk BIM 360, allowing users to capture and organize construction progress through photos linked to specific locations and times. This subscription-based service enables construction professionals, engineers, and clients to virtually visit project sites at any time, enhancing oversight and decision-making. HoloBuilder's technology is utilized by many of the largest general contractors in the United States, demonstrating its significant impact on the construction industry. The company has attracted investment from various venture capital firms, positioning itself as a leader in construction documentation solutions.

Mighty Buildings

Series A in 2019
Mighty Buildings is a developer of 3D printing technology and automation platform to make housing more affordable for customers. It is a modular construction company working on disrupting the residential housing market with 3D printing tech, robotics, and composite materials backed by notable top tier venture capital firms. It was founded in 2017 and is headquartered in San Francisco, California.

Q-Bot

Series A in 2019
Q-Bot Limited, founded in 2012 and based in London, specializes in developing robotic tools that operate beneath floors to insulate floorboards. The company has created a robotics platform capable of accessing, surveying, evaluating, and applying treatments across various sectors. Q-Bot's intelligent tools employ artificial intelligence to assess and maintain building health, thereby enhancing building quality and energy efficiency while minimizing risks for workers. By utilizing innovative methods, Q-Bot offers construction professionals a cost-effective and non-disruptive solution for improving home comfort and energy performance. The company is supported by a mix of government grants, private investments, and sales revenue, and has received backing from organizations such as Climate-KIC and The Technology Strategy Board.

Mighty Buildings

Seed Round in 2019
Mighty Buildings is a developer of 3D printing technology and automation platform to make housing more affordable for customers. It is a modular construction company working on disrupting the residential housing market with 3D printing tech, robotics, and composite materials backed by notable top tier venture capital firms. It was founded in 2017 and is headquartered in San Francisco, California.

Kagenova

Pre Seed Round in 2019
KageNova Ltd specializes in developing technologies that enhance interactive realism for immersive experiences, particularly in virtual and mixed reality. Founded in 2017 and based in Gomshall, United Kingdom, the company focuses on creating solutions that enable 6 degree-of-freedom motion, allowing users to navigate freely within 360° virtual environments. KageNova's platform incorporates core technologies designed to improve the user experience by addressing significant technological challenges in virtual reality, such as enhancing presence and minimizing cyber motion sickness. This innovative approach aims to facilitate greater adoption of virtual reality systems by providing immersive experiences that engage users more effectively.

reINVENT

Seed Round in 2018
reINVENT simplify all communication and planning processes for your construction project via a central digital platform.They revolutionize the hardly digitized building industry by offering a software platform to connect all major parties during and after construction. It‘s their mission to redesign all customer processes with digital solutions for communication, data transfer and documentation to generate significant cost and time savings for building contractors and project developers.

Trelar

Seed Round in 2018
Trelar is a network of vocational trucking owner-operators, drivers, contractors, ​and plant operators revolutionizing the $150B construction vehicle ecosystem through an app-driven marketplace that matches carriers to the contractors who need delivery capacity.