Foundamental

Foundamental GmbH is a venture capital firm founded in 2018 and based in Berlin, Germany, with additional offices in San Francisco and Singapore. The firm specializes in investing in companies within the construction, mining, and renovation technology sectors, targeting early-stage opportunities across Europe, Asia-Pacific, North America, and Africa. Recognized as a leading global investor in ConstructionTech and architecture, engineering, and design technology, Foundamental manages approximately $150 million across its funds. The firm aims to support ambitious founders from inception to initial public offerings, having invested in several notable companies in the construction technology space.

Marie-Sophie Ando

Senior Associate

Shubhankar Bhattacharya

General Partner

Fabio Bronzin

Investor

Patric Hellermann

General Partner

Moritz Henschel

Principal

Sebastien Michaud

Investor

Dong Gwan Nam

Analyst

Gabriele Tinelli

Investor

Chinmay Vaidya

Investor

Adam Zobler

General Partner

Past deals in Construction and Engineering

PermitFlow

Seed Round in 2023
PermitFlow is a construction permit application and management platform that focuses on simplifying and expediting the process of obtaining construction permits in the United States. By providing a comprehensive software solution, PermitFlow enables builders, contractors, architects, developers, and property owners to manage the entire permitting process, including research, application preparation, submission, and monitoring. The platform standardizes the building permit submittal process across municipalities, ensuring efficient navigation through complex regulations and paperwork. With nationwide coverage and expertise in local municipal requirements, PermitFlow facilitates permitting for projects in single or multiple jurisdictions, thereby unlocking greater value within the $1.6 trillion construction market. The company is a graduate of the Y Combinator W22 program.

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...).

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

011h

Series A in 2022
011h Sustainable Construction SL is a construction company based in Barcelona, Spain, established in 2020. It focuses on sustainable building development, employing advanced design and technology to create a new approach to construction. The company constructs various types of buildings for residential and other purposes, providing a comprehensive range of services including design, procurement, manufacturing, and construction. Additionally, 011h offers digital support for property operation and maintenance, aiming to deliver buildings more efficiently and affordably while prioritizing the well-being of people and the environment.

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.

Speckle

Seed Round in 2022
Developer of an open-source digital infrastructure designed for automation in design, engineering, and construction. The company's cloud-based platform offers a default set of connectors to easily curate the design data and view multiple data streams online for advanced querying, it handles interoperability between software silos, real-time collaboration, data management, versioning, and automation, enabling clients to coordinate and gather insights on the project's data footprint.

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...).

CarbonBuilt

Series A in 2021
Manufacturer of construction materials intended to drive large-scale greenhouse gas reductions through the cost-effective utilization of carbon dioxide and other industrial waste. The company's technology injects carbon dioxide emissions directly from industrial sources into proprietary low-carbon concrete formulations, enabling base industries to transform and achieve their carbon emission reduction goals while getting products that meet industry specifications.

1Build

Series A in 2021
1Build, Inc. is a software company that specializes in automating construction cost estimates by converting building blueprints into material shopping lists. Founded in 2019 and based in Mountain View, California, the company employs a blend of human and machine intelligence to enhance the bidding process for construction firms. Its platform streamlines the takeoff and estimating process, particularly for contractors involved in wood and metal framing, insulation, and drywall. By simplifying these tasks, 1Build enables clients to concentrate on project execution, ultimately helping them to close more project leads, reduce material costs, and increase profitability. The founding team comprises engineers and builders with extensive experience in both construction and technology.

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 manufacture of custom houses using 3D printing technology. The company aims to disrupt the residential housing market by leveraging advanced automation, robotics, and composite materials to make housing more affordable. By focusing on modular construction, Mighty Buildings seeks to innovate the way homes are built, addressing challenges in the traditional construction industry. The company has garnered support from notable venture capital firms, reflecting its potential to transform the housing landscape.

011h

Seed Round in 2020
011h Sustainable Construction SL is a construction company based in Barcelona, Spain, established in 2020. It focuses on sustainable building development, employing advanced design and technology to create a new approach to construction. The company constructs various types of buildings for residential and other purposes, providing a comprehensive range of services including design, procurement, manufacturing, and construction. Additionally, 011h offers digital support for property operation and maintenance, aiming to deliver buildings more efficiently and affordably while prioritizing the well-being of people and the environment.

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.

Novade

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 that specializes in providing comprehensive construction services, emphasizing trust and transparency. The platform allows customers to submit construction and renovation requests, connecting them with qualified professionals to ensure the appropriate design and architecture for their homes. Brick&Bolt enhances customer confidence through an escrow facility that safeguards payments and offers real-time updates on project progress. The company employs an in-house project management team to uphold quality standards and incorporates penalty clauses to guarantee timely completion of projects. This commitment to safety, transparency, and quality positions Brick&Bolt as a reliable choice for building and renovating homes.

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.

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.

Novade

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.

Speckle

Pre Seed Round in 2020
Developer of an open-source digital infrastructure designed for automation in design, engineering, and construction. The company's cloud-based platform offers a default set of connectors to easily curate the design data and view multiple data streams online for advanced querying, it handles interoperability between software silos, real-time collaboration, data management, versioning, and automation, enabling clients to coordinate and gather insights on the project's data footprint.

1Build

Seed Round in 2020
1Build, Inc. is a software company that specializes in automating construction cost estimates by converting building blueprints into material shopping lists. Founded in 2019 and based in Mountain View, California, the company employs a blend of human and machine intelligence to enhance the bidding process for construction firms. Its platform streamlines the takeoff and estimating process, particularly for contractors involved in wood and metal framing, insulation, and drywall. By simplifying these tasks, 1Build enables clients to concentrate on project execution, ultimately helping them to close more project leads, reduce material costs, and increase profitability. The founding team comprises engineers and builders with extensive experience in both construction and technology.

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.

Brick&Bolt

Seed Round in 2019
Brick&Bolt is an e-commerce marketplace that specializes in providing comprehensive construction services, emphasizing trust and transparency. The platform allows customers to submit construction and renovation requests, connecting them with qualified professionals to ensure the appropriate design and architecture for their homes. Brick&Bolt enhances customer confidence through an escrow facility that safeguards payments and offers real-time updates on project progress. The company employs an in-house project management team to uphold quality standards and incorporates penalty clauses to guarantee timely completion of projects. This commitment to safety, transparency, and quality positions Brick&Bolt as a reliable choice for building and renovating homes.

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.

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, Inc. is a San Francisco-based company founded in 2017 that specializes in the manufacture of custom houses using 3D printing technology. The company aims to disrupt the residential housing market by leveraging advanced automation, robotics, and composite materials to make housing more affordable. By focusing on modular construction, Mighty Buildings seeks to innovate the way homes are built, addressing challenges in the traditional construction industry. The company has garnered support from notable venture capital firms, reflecting its potential to transform the housing landscape.

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, Inc. is a San Francisco-based company founded in 2017 that specializes in the manufacture of custom houses using 3D printing technology. The company aims to disrupt the residential housing market by leveraging advanced automation, robotics, and composite materials to make housing more affordable. By focusing on modular construction, Mighty Buildings seeks to innovate the way homes are built, addressing challenges in the traditional construction industry. The company has garnered support from notable venture capital firms, reflecting its potential to transform the housing landscape.

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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