Foundamental

Foundamental GmbH, established in 2018, is a Berlin-based venture capital firm with additional offices in San Francisco and Singapore. The company specializes in investing in early-stage technology companies operating in the construction, mining, and related sectors, such as real estate technology and supply chain logistics. Foundamental has a global investment focus, targeting companies in Asia-Pacific, North America, Europe, and Africa. The firm is known for being an early partner to ambitious founders, leading pre-seed, seed, and Series-A rounds, and reserving a significant portion of its funds for follow-on investments. With a diverse team background in technology, venture capital, and industrial operations, Foundamental provides deep understanding and support to its portfolio companies, aiming to build the next legendary technology companies in the real world.

Shubhankar Bhattacharya

General Partner

Fabio Bronzin

Investor

Patric Hellermann

General Partner

Moritz Henschel

Principal

Sebastien Michaud

Principal, Venture Capital

Gabriele Tinelli

Investor

Chinmay Vaidya

Investor

Adam Zobler

General Partner

Past deals in Project Management

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 developer of a management platform tailored for small and medium-sized enterprises in the construction industry. The platform provides users with real-time access to key performance indicators, enhancing their ability to manage projects effectively. By automating financial and administrative monitoring, Graneet enables clients to improve their margin rates and streamline their operations. The platform assists users in automating various tasks, processing business opportunities, generating invoices, and managing payments, thereby reducing the likelihood of errors and increasing overall efficiency.

CalcTree

Pre Seed Round in 2022
CalcTree is a developer of a calculation management platform designed to enhance collaboration among engineering teams by integrating designs and calculations. The platform addresses the inefficiencies and complexities inherent in traditional engineering design and construction processes, which often involve multiple disciplines such as architecture and civil, mechanical, electrical, and geotechnical engineering. By adopting a building information model, CalcTree helps clients minimize time and errors in their projects, ensuring that all data sets are connected and easily accessible. This approach not only streamlines workflows but also reduces the fragmentation of information, providing a more organized and efficient environment for engineering professionals.

Prolance

Seed Round in 2022
Prolance operates a business-to-business software-as-a-service platform that streamlines the interior design process by leveraging automation and aggregation. The platform is designed to enhance accuracy and efficiency in executing interior projects, helping to eliminate errors and prevent cost escalations. By providing essential support for material supply and manufacturing, Prolance ensures predictability for interior design companies and freelancers. This focus on simplifying project execution contributes to a more effective workflow within the interior business sector.

PermitFlow

Venture Round in 2022
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

Seed Round in 2021
Graneet is a developer of a management platform tailored for small and medium-sized enterprises in the construction industry. The platform provides users with real-time access to key performance indicators, enhancing their ability to manage projects effectively. By automating financial and administrative monitoring, Graneet enables clients to improve their margin rates and streamline their operations. The platform assists users in automating various tasks, processing business opportunities, generating invoices, and managing payments, thereby reducing the likelihood of errors and increasing overall efficiency.

Brick&Bolt

Series A in 2020
Brick&Bolt is an e-commerce marketplace that specializes in providing comprehensive construction services with a focus on trust and transparency. The platform allows customers to submit requests for construction and renovation projects, connecting them with professionals who can deliver the necessary design and architectural services. Brick&Bolt prioritizes financial security through its escrow facility, ensuring that funds are safeguarded throughout the project. Additionally, the company employs technology to maintain transparency and offers quality assurance through an in-house project management team. To guarantee timely completion, Brick&Bolt implements penalty clauses for any delays, making it a reliable choice for individuals seeking building or house construction services.

reINVENT

Series A in 2020
reINVENT innovation GmbH is a Munich-based company that develops software solutions tailored for the construction industry. Its platform aims to enhance communication and planning processes by connecting all key participants throughout the construction and warranty phases. By digitizing communication, data transfer, and documentation, reINVENT seeks to streamline operations for architects, developers, contractors, and project developers. This centralized platform integrates various aspects of project management, customer management, finance, and construction site management, ultimately enabling stakeholders to achieve significant cost and time savings. Through its innovative approach, reINVENT addresses the challenges of a traditionally under-digitized sector, facilitating more efficient collaboration among all parties involved in construction projects.

Novade

Series B in 2020
Novade, established in 2013 and based in Singapore, specializes in construction management software. It offers a platform that digitizes and automates site processes such as quality control, safety management, progress tracking, workforce management, and maintenance. The software synchronizes all project data, including inspections, checklists, asset tracking, and repair management, using features like digital signatures, map locations, and QR codes. Novade serves leading contractors, real estate developers, and owners worldwide, helping them streamline operations and drive digital transformation.

ALICE Technologies

Series A in 2019
ALICE Technologies develops an AI-powered construction simulation platform designed to enhance project planning and execution in the construction industry. This platform utilizes artificial intelligence to analyze complex building requirements, generate efficient schedules, and adapt these schedules as construction progresses. By providing detailed schedules and resource allocations, the platform helps contractors and project owners effectively plan, bid, and build, leading to significant reductions in construction times and labor costs. For a typical $500 million construction project, ALICE Technologies can save approximately $30 million. The company collaborates with key players in the infrastructure and commercial construction sectors, including Parsons, HDCC, and Kajima Corporation, to optimize construction processes and improve project outcomes.

Brick&Bolt

Seed Round in 2019
Brick&Bolt is an e-commerce marketplace that specializes in providing comprehensive construction services with a focus on trust and transparency. The platform allows customers to submit requests for construction and renovation projects, connecting them with professionals who can deliver the necessary design and architectural services. Brick&Bolt prioritizes financial security through its escrow facility, ensuring that funds are safeguarded throughout the project. Additionally, the company employs technology to maintain transparency and offers quality assurance through an in-house project management team. To guarantee timely completion, Brick&Bolt implements penalty clauses for any delays, making it a reliable choice for individuals seeking building or house construction services.

reINVENT

Seed Round in 2018
reINVENT innovation GmbH is a Munich-based company that develops software solutions tailored for the construction industry. Its platform aims to enhance communication and planning processes by connecting all key participants throughout the construction and warranty phases. By digitizing communication, data transfer, and documentation, reINVENT seeks to streamline operations for architects, developers, contractors, and project developers. This centralized platform integrates various aspects of project management, customer management, finance, and construction site management, ultimately enabling stakeholders to achieve significant cost and time savings. Through its innovative approach, reINVENT addresses the challenges of a traditionally under-digitized sector, facilitating more efficient collaboration among all parties involved in construction projects.

CalcTree

CalcTree is a developer of a calculation management platform designed to enhance collaboration among engineering teams by integrating designs and calculations. The platform addresses the inefficiencies and complexities inherent in traditional engineering design and construction processes, which often involve multiple disciplines such as architecture and civil, mechanical, electrical, and geotechnical engineering. By adopting a building information model, CalcTree helps clients minimize time and errors in their projects, ensuring that all data sets are connected and easily accessible. This approach not only streamlines workflows but also reduces the fragmentation of information, providing a more organized and efficient environment for engineering professionals.
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