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Founded in January 2019, Foundamental is a venture capital firm based in Berlin, Germany, with a global presence across North America, Europe, and Asia-Pacific. The firm focuses on the architecture, engineering, and construction (AEC) sectors, along with related technologies. Foundamental has established itself as a key player in the construction technology space, targeting capital expenditure-heavy project markets.
With a fund size of $120 million, Foundamental has built a diverse portfolio of 30 companies, emphasizing early-stage investments ranging from $500,000 to $5 million. The firm has made investments in over 22 countries, showcasing its commitment to identifying unique opportunities within the global construction ecosystem. Notable milestones include the successful backing of Infra.Market, which has achieved a valuation of $2.5 billion.
Foundamental invests primarily in capital expenditure-heavy project markets, specifically targeting sectors such as infrastructure, architecture, engineering, construction, heavy supply chains, and lot-size-1 manufacturing in industries like shipbuilding and aerospace. The firm emphasizes identifying vertical singularities—unique opportunities within these sectors that may not be immediately apparent. This focus allows Foundamental to support innovation and growth in the construction industry.
The firm is open to investments across various stages, including seed, Series A, Series B, and growth equity. Foundamental's check sizes typically range from $500,000 to $5 million, enabling them to provide substantial support to early-stage companies. Their geographic focus spans globally, with particular attention to North America, Europe, and Asia.
Foundamental's portfolio includes a diverse range of companies that are making significant strides in the AEC sectors. Notable companies include:
In addition to these, Foundamental has invested in companies like PlanRadar, Contech, and Tandem, which focus on construction documentation, digital solutions for the construction industry, and real estate management technology, respectively. The firm continues to expand its portfolio, having added three new startups in FY-2024.
Dr. Rainer Schmitt: Co-Founder & Managing Partner. Dr. Schmitt has extensive experience in the AEC sectors and has led numerous investments in construction technology.
Dr. Thomas H. Schmitt: Co-Founder & Managing Partner. Dr. Thomas Schmitt brings a wealth of knowledge in engineering and construction, having worked with various startups in the industry.
Anna Müller: Investment Manager. Anna has a background in venture capital and focuses on identifying promising startups within the AEC sectors.
Maximilian Becker: Analyst. Maximilian supports the investment team with market research and analysis of potential portfolio companies.
Adam Zobler: General Partner and co-founder. Adam has a strong reputation in the venture capital community and is known for his expertise in construction technology investments.
To pitch to Foundamental, startups should visit their website at foundamental.com and submit their proposals through the contact page. Founders should include a clear overview of their business, market opportunity, and how their solution fits within the AEC sectors. Response times may vary, but interested parties are encouraged to follow up if they do not receive a timely reply.
In FY-2024, Foundamental's portfolio companies raised a total of $698 million, showcasing the firm's strong follow-on investment capabilities. The firm added three new startups to its portfolio, expanding its global reach across 22 countries and seven continents.
Foundamental is launching Fund III, targeting $120 million, which will be its largest fund to date. This fund aims to strengthen the firm's focus on the Indian market, particularly in construction technology.
Recent investments include Viboo, which secured €3.3 million in seed funding, and Materials Mart, which received Rs 10 crore. These investments reflect Foundamental's commitment to supporting innovative companies in the AEC sectors.
What are Foundamental's investment criteria?
Foundamental focuses on early-stage investments in capital expenditure-heavy project markets, particularly in the architecture, engineering, and construction sectors. They look for unique opportunities that demonstrate potential for innovation and growth.
How can startups apply or pitch to Foundamental?
Startups can pitch to Foundamental through their website at foundamental.com. Interested parties can also reach out via email at hello@foundamental.com for inquiries.
What makes Foundamental different from other venture capital firms?
Foundamental specializes in the AEC sectors and has a deep understanding of capital expenditure-heavy project markets. Their focus on vertical singularities allows them to identify unique investment opportunities that may not be apparent to other investors.
What is Foundamental's geographic scope?
Foundamental invests globally, with a strong presence in North America, Europe, and Asia. They have made investments in over 22 countries, reflecting their commitment to supporting innovative companies worldwide.
What is Foundamental's follow-on investment behavior?
Foundamental has demonstrated strong follow-on investment capabilities, with portfolio companies raising $698 million in FY-2024 alone. This includes significant follow-on funding for companies like Infra.Market, which received a new $50 million investment.
What is the typical check size for Foundamental's investments?
Foundamental typically invests between $500,000 and $5 million in early-stage companies, providing substantial capital to support their growth and development.
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