Foundamental

Early investors in Infra.Market, Enter, Permitflow, Tazapay, Speckle, Snaptrude, Wiz Freight. Foundamental partners with the most ambitious builders from day zero. Our minds are locked on our search for those who build the next 100 legendary technology companies in the real world. We search for vertical singularities often overlooked by others, spending 365 days a year dedicated to 3D design, construction, blue-collar workforce, robotics, supply chains, logistics, and opportunistically, industrial manufacturing and aerospace. Our expertise comes from our team's diverse background across technology, venture, and industrial operations, including prior successes with Spotify, Uber, Lyft, Zetwerk and more. Across the Foundamental portfolio, we had the privilege to build alongside daring category creators such as Infra.Market, Enter, Speckle, Snaptrude, Tazapay and SafeAI. We aspire to be the earliest partner, leading pre-seed, seed and Series-A rounds globally, and by principle reserving more than 50% of each fund for follow-ons. We put in the work outside of board meetings, leveraging our deep understanding and unique convictions to help founders navigate adversity in the critical early years. We are building the preeminent vertical technology investment firm for the real world, one legendary company at a time.

Shubhankar Bhattacharya

General Partner

Fabio Bronzin

Investor

Hellermann, Patric

General Partner

Sebastien Michaud

Principal, Venture Capital

Gabriele Tinelli

Investor

Chinmay Vaidya

Investor

Adam Zobler

General Partner

59 past transactions

Tangible

Seed Round in 2023
Tangible is a climate technology company focused on building sustainable materials that are not harmful to the environment. Tangible is a unified software platform that catalyzes the adoption of sustainable building materials by allowing real estate developers, architects, and contractors to seamlessly identify, manage, and report on products that meet their carbon, environmental, and social goals. Founded in 2021 by Nicole Granath and Anneli Tostar, Tangible is headquartered in San Francisco, California, United States.

PermitFlow

Seed Round in 2023
PermitFlow is the first construction permit application and management platform for builders and owners. The company aims to streamline and simplify construction permitting in the United States, unlocking more value in the $1.6 trillion construction market. The company's software reduces the time to allow while standardizing municipalities’ building permit submittal process in a single platform. PermitFlow supports permitting end-to-end including permit research, application preparation, submission, and monitoring. With our nationwide coverage and deep, local municipal expertise, PermitFlow helps builders permit whether in a single municipality or across multiple states. PermitFlow is a Y Combinator graduate from the YC W22 program.

Graneet

Series A in 2023
Graneet is a creator of a management platform intended to offer commercial management support for SMEs in the construction industry. The platform's users can access all of their business' key performance indicators in real-time and increase their margin rates by automating the financial and administrative monitoring of their projects. Clients can manage to automate their tasks and help process business opportunities, invoice them, and process payments.

Tazapay

Series A in 2023
Tazapay provides accessibility to essential financial technology tools and services on its platform, which it says helps to remove current trust barriers SMBs face when conducting cross-border trade and payments. It provides a full-stack payment solution including cards and local payment methods globally with buyer and seller protection.

Enter

Seed Round in 2022
Enter helps millions of people to decarbonize their homes by providing the easiest end-to-end solution of one-stop energy audits, procurement, financing, and energy monitoring. With Enter, homeowners have all the data of their homes in one app.

CalcTree

Pre Seed Round in 2022
CalcTree brings engineering teams, designs and calculations together. In traditional engineering design and construction, projects all begin with a design process. Architects, civil, mechanical, electrical and geotechnical engineers, as well as contractors and builders all work together to design structures down to the last bolt before a shovel even touches the ground. This process is slow, expensive and a complete mess both literally and digitally. It’s rife with data fragmentation and complexity, and CalcTree is solving that. Learn about CalcTree's mission, backstory and current investors here: https://www.calctree.com/about

Earlytrade

Series A in 2022
Earlytrade creates a positive change in the way businesses get paid and delivers a powerful two-fold effect. By incentivising early payment, suppliers are in control of when they get paid. Removing the need to pursue other funding options and accrue more debt. Corporate customers deepen their relationships with satisfied suppliers and are rewarded with higher margins.

011h

Series A in 2022
011H specializes in sustainable building development. The company is creating a new type of construction based on the latest advances in design, technology, industrialization, sustainability and health to deliver buildings faster, cheaper, more reliably and in a way that is both people- and environment-friendly.

Rayon

Pre Seed Round in 2022
Rayon is a collaborative space design platform that allows designers to draw, share, and collaborate directly in their browsers. With Rayon, interior designers and architects can design spaces faster than ever before, using block libraries, smart drawing features, and more, as well as seamlessly share their work and collect feedbacks.

Ivy Homes

Seed Round in 2022
Ivy Homes provides instant offers and an easy and safe way to sell and buy homes.

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 building a global blue-collar migration hub for skilled construction workers - jobs, relocation, community. Our community connects migrants across Europe and Asia and gives them a tool for supporting and upskilling each other.

Lun

Pre Seed Round in 2022
Lun decarbonises homes faster by building the operating system for heat pump installers.

Speckle

Seed Round in 2022
Speckle is a collaborative data hub connecting various AEC (Architecture, Engineering, and Construction) tools, facilitating effective global project delivery for teams. The company promotes an open ecosystem aimed at overcoming the challenges of working in a fragmented industry, providing digital infrastructure for 3D designs such as buildings and bridges.

Cottage

Series A in 2022
Cottage is tackling housing affordability via a managed marketplace for building Accessory Dwelling Units (ADUs).

Wiz Freight

Series A in 2022
Wiz Freight is a supply chain startup that offers digital freight forwarder services for modern-day logistics. The company's AI-powered disruptive supply chain technology helps reduce manual work through automation, improve visibility, and generate savings for its customers. The company streamlines global shipping, ensuring it is efficient, and hassle-free, and provides high visibility for businesses.

Tul

Series B in 2022
Tul is a marketplace where users can buy and sell hardware and construction materials. Tul was founded in 2020 and is headquartered in Bogotá, Colombia.

Homebase

Venture Round in 2021
Homebase provides revolutionary products made accessible that empower homeowners to buy, sell, and own homes in ways that work best for themselves. Their vision is to actualize each and every individual's dream of homeownership in southeast Asia. Homebase is backed by leading investors and partners around the world. Their investors and partners include but are not limited to, large global financial institutions, leading venture capital and private equity funds, and successful entrepreneurs and angel investors.

Graneet

Seed Round in 2021
Graneet is a creator of a management platform intended to offer commercial management support for SMEs in the construction industry. The platform's users can access all of their business' key performance indicators in real-time and increase their margin rates by automating the financial and administrative monitoring of their projects. Clients can manage to automate their tasks and help process business opportunities, invoice them, and process payments.

CarbonBuilt

Series A in 2021
CarbonBuilt is a clean technology company that specializes in carbon capture and utilization. The company develops and commercializes technologies to reduce carbon emissions in the concrete industry. Their flagship product, Reversa® Binder, is a low-carbon alternative to traditional cement, enabling the production of concrete with a significantly reduced carbon footprint.

1build

Series A in 2021
1build offers the only real-time data platform for construction cost estimates, bringing pricing accuracy and predictability to an ever-changing market. Leveraging a unique team of software engineers and data scientists alongside construction industry veterans, 1build's proprietary API pulls from millions of data points to create a "periodic table" of construction elements, using data to standardize the way construction projects are priced. With 1build, builders can manage the entire pre-construction process, from plan upload to bid submission—enabling them to win more bids with best-in-class estimating technology and on-demand support from expert cost estimators. The company was founded in 2019 and is headquartered in Mountain View, California.

Juno

Series A in 2021
Juno Residential develops apartment buildings intended to offer environment-friendly and speedy housing alternatives. It uses prefabrication techniques and organic and low-carbon materials like mass timber, thereby providing clients with modern and curated apartments.

Dekoruma

Series C in 2021
Dekoruma is a technology startup that offers interior, furniture, and decoration services for an affordable price. The startup is aiming to put a stop to the inefficiencies that have long occurred in the home and living industry. Dekoruma was founded in 2015 in based in Jakarta, Indonesia.

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 supply chain startup that offers digital freight forwarder services for modern-day logistics. The company's AI-powered disruptive supply chain technology helps reduce manual work through automation, improve visibility, and generate savings for its customers. The company streamlines global shipping, ensuring it is efficient, and hassle-free, and provides high visibility for businesses.

Tul

Series B in 2021
Tul is a marketplace where users can buy and sell hardware and construction materials. Tul was founded in 2020 and is headquartered in Bogotá, Colombia.

LocoNav

Series B in 2021
LocoNav is a provider of an online fleet management software used to deliver a single platform to run and manage fleet operations with ease. Its software offers GPS and intelligent analytics that track vehicle's speed, direction, and smart alerts that enable vehicle owners, businesses, and transporters to improve security, operations and reduce costs. The company was founded in 2015 and is headquartered in San Francisco, California.

SafeAI

Series A in 2021
SafeAI retrofits heavy equipment for autonomous applications in the mining and construction industries. SafeAI autonomous technology enables equipment owners to transform existing machines into self-operating robotic assets

Tazapay

Seed Round in 2021
Tazapay provides accessibility to essential financial technology tools and services on its platform, which it says helps to remove current trust barriers SMBs face when conducting cross-border trade and payments. It provides a full-stack payment solution including cards and local payment methods globally with buyer and seller protection.

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, Inc. is a San Francisco-based company founded in 2017 that specializes in the manufacturing of 3D printed custom homes. The company aims to disrupt the residential housing market by utilizing advanced 3D printing technology, robotics, and composite materials to create prefabricated, environmentally friendly, and climate-resilient homes. Its innovative platform is designed to make housing more affordable and accessible, addressing challenges in urban development and construction efficiency. Through its patented technology, Mighty Buildings offers smart housing solutions that prioritize sustainability and affordability in the construction industry.

Ofload

Venture Round in 2021
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.

011h

Seed Round in 2020
011H specializes in sustainable building development. The company is creating a new type of construction based on the latest advances in design, technology, industrialization, sustainability and health to deliver buildings faster, cheaper, more reliably and in a way that is both people- and environment-friendly.

Infra.Market

Series B in 2020
Infra.Market is a construction solutions company that creates a multi-product building materials brand, they are transforming the ecosystem through leveraging technology and scaling innovation. Infra.Market offers a wide range of construction materials, including cement, steel, chemicals, and more, catering to various needs within the construction industry. The platform is a one-stop shop for construction materials, leveraging technology to simplify procurement and logistics.

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.

Stealth

Pre Seed Round in 2020
Optimizing construction supply chains and warehousing.

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.

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 develops apartment buildings intended to offer environment-friendly and speedy housing alternatives. It uses prefabrication techniques and organic and low-carbon materials like mass timber, thereby providing clients with modern and curated apartments.

Ackcio

Seed Round in 2020
Ackcio builds real-time, reliable, wireless, monitoring solutions for industrial applications.

Novade Solutions

Series B in 2020
Novade is the leading construction management software for the building and infrastructure industry. Site processes including quality, safety, progress monitoring, workforce management and maintenance are digitised and automated using mobile devices. The data captured provides insights to streamline operations and drive results. Leading contractors, real estate developers, owners, and operators around the world trust Novade to drive their digital transformation. Novade is headquartered in Singapore and operates globally.

Speckle

Pre Seed Round in 2020
Speckle is a collaborative data hub connecting various AEC (Architecture, Engineering, and Construction) tools, facilitating effective global project delivery for teams. The company promotes an open ecosystem aimed at overcoming the challenges of working in a fragmented industry, providing digital infrastructure for 3D designs such as buildings and bridges.

Dekoruma

Series B in 2020
Dekoruma is a technology startup that offers interior, furniture, and decoration services for an affordable price. The startup is aiming to put a stop to the inefficiencies that have long occurred in the home and living industry. Dekoruma was founded in 2015 in based in Jakarta, Indonesia.

SafeAI

Convertible Note in 2020
SafeAI retrofits heavy equipment for autonomous applications in the mining and construction industries. SafeAI autonomous technology enables equipment owners to transform existing machines into self-operating robotic assets

1build

Seed Round in 2020
1build offers the only real-time data platform for construction cost estimates, bringing pricing accuracy and predictability to an ever-changing market. Leveraging a unique team of software engineers and data scientists alongside construction industry veterans, 1build's proprietary API pulls from millions of data points to create a "periodic table" of construction elements, using data to standardize the way construction projects are priced. With 1build, builders can manage the entire pre-construction process, from plan upload to bid submission—enabling them to win more bids with best-in-class estimating technology and on-demand support from expert cost estimators. The company was founded in 2019 and is headquartered in Mountain View, California.

Infraprime Logistics

Series A in 2020
Infraprime Logistics Technologies is splitting the cost of infrastructure development through an electric fleet complemented by a data layer that organizes fleet operators. They offer time-compiled datasets of project sites, real-time analytics, and field operations. It enables firms to save on logistics expenses for infrastructure projects.

Ackcio

Seed Round in 2019
Ackcio builds real-time, reliable, wireless, monitoring solutions for industrial applications.

ALICE Technologies

Series A in 2019
ALICE Technologies is the developer of an AI-powered construction simulation platform. It leverages artificial intelligence to analyze a project's complex building requirements, generate efficient building schedules, and tune those schedules as needed during construction. The company's platform enables contractors and owners to plan, bid, and build more effectively, reducing construction times and labor costs by $30 million for a typical $500 million construction project. ALICE Technologies works with construction leaders in the infrastructure and commercial construction segments, such as Parsons, HDCC, and Kajima Corporation.

Brick&Bolt

Seed Round in 2019
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!

INDUS.AI

Series A in 2019
INDUS.AI is the world’s most advanced construction intelligence solution that enables real estate investors, owners, developers, and general contractors to have real-time visibility and actionable insights into all activities, productivity, and risks at their construction sites. INDUS.AI seeks to make construction sites and projects safer, more efficient, and completely transparent. Founded in 2017, Indus.ai Inc has offices in San Francisco and Toronto, servicing customers in US, Canada, Hong Kong and Brazil.

LocoNav

Series B in 2019
LocoNav is a provider of an online fleet management software used to deliver a single platform to run and manage fleet operations with ease. Its software offers GPS and intelligent analytics that track vehicle's speed, direction, and smart alerts that enable vehicle owners, businesses, and transporters to improve security, operations and reduce costs. The company was founded in 2015 and is headquartered in San Francisco, California.

HoloBuilder

Corporate Round in 2019
HoloBuilder™, by FARO Technologies, is an enterprise-ready Construction Progress Management platform that allows construction teams to easily capture, communicate, and control project progress with 360° photos. Users can navigate their way through the entire construction project to view, annotate and collaborate. HoloBuilder is trusted by over 28,000 construction projects with customers in 35 countries, enabling general contractors, owners, and engineering firms to improve hundreds of processes, allowing them to stay on schedule and within budget.

Mighty Buildings

Series A in 2019
Mighty Buildings, Inc. is a San Francisco-based company founded in 2017 that specializes in the manufacturing of 3D printed custom homes. The company aims to disrupt the residential housing market by utilizing advanced 3D printing technology, robotics, and composite materials to create prefabricated, environmentally friendly, and climate-resilient homes. Its innovative platform is designed to make housing more affordable and accessible, addressing challenges in urban development and construction efficiency. Through its patented technology, Mighty Buildings offers smart housing solutions that prioritize sustainability and affordability in the construction industry.

Q-Bot

Series A in 2019
Q-BOT Ltd, a Wandsworth, London, UK-based developer of a robotics platform that can access, survey, evaluate and apply treatments in a wide range of industries and applications. The company is funded through a combination of government grants, private investment and sales revenue, and has been supported by Climate-KIC, The Technology Strategy Board and The Department for Energy and Climate Change.

Mighty Buildings

Seed Round in 2019
Mighty Buildings, Inc. is a San Francisco-based company founded in 2017 that specializes in the manufacturing of 3D printed custom homes. The company aims to disrupt the residential housing market by utilizing advanced 3D printing technology, robotics, and composite materials to create prefabricated, environmentally friendly, and climate-resilient homes. Its innovative platform is designed to make housing more affordable and accessible, addressing challenges in urban development and construction efficiency. Through its patented technology, Mighty Buildings offers smart housing solutions that prioritize sustainability and affordability in the construction industry.

Kagenova

Pre Seed Round in 2019
Kagenova is a developer of an interactive platform for interactive realism intended to deliver virtual and mixed realities. Their platform covers the basic technologies to create interactive realism, such as adding motion to VR experiences to enhance presence and lessen motion sickness online. This enables clients to address critical ongoing technical issues in virtual reality systems that are currently deterring user adoption.

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.
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