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.
Top Stages
Past deals in Project Management
PermitFlow
Seed Round in 2023
PermitFlow is a technology company that specializes in streamlining the construction permitting process in the United States. Their platform is designed to simplify and expedite the application and management of construction permits for builders, contractors, architects, developers, and owners. PermitFlow's software handles various aspects of permit acquisition, including research, preparation, submission, and monitoring. The company aims to reduce the time required to obtain permits while standardizing municipalities' building permit submittal processes through a single platform. With nationwide coverage and local municipal expertise, PermitFlow supports permitting across multiple states, making it easier for builders to navigate complex regulatory environments.
Graneet
Series A in 2023
Graneet is a developer of a management platform focused on providing commercial management support for small and medium-sized enterprises (SMEs) in the construction industry. The platform enables users to access key performance indicators in real-time, facilitating improved decision-making and operational efficiency. By automating financial and administrative monitoring of projects, Graneet helps clients enhance their margin rates and streamline their workflows. Additionally, the platform assists users in automating tasks related to processing business opportunities, invoicing, and payment management, thereby reducing errors and increasing productivity.
CalcTree
Pre Seed Round in 2022
CalcTree is a developer of a calculation management platform that aims to enhance efficiency in the engineering design and construction process. By integrating engineering teams, designs, and calculations, CalcTree addresses the challenges of data fragmentation and complexity that often plague traditional methods. The platform focuses on organizing and leveraging calculations and designs, facilitating a more streamlined approach to project management. By adopting a building information model, CalcTree enables clients to optimize their calculations and maintain easy access to connected data sets, ultimately minimizing time and reducing errors in project execution.
Prolance
Seed Round in 2022
Prolance is a company that specializes in streamlining the execution of interior projects through its business-to-business software as a service (SaaS) platform. By leveraging automation and aggregation, Prolance aims to reduce errors and cost escalations, ensuring predictability for all parties involved in the interior design process. The platform assists both interior design companies and freelancers by providing support for material supply and manufacturing, ultimately making the entire process more accurate and efficient.
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.
PermitFlow
Venture Round in 2022
PermitFlow is a technology company that specializes in streamlining the construction permitting process in the United States. Their platform is designed to simplify and expedite the application and management of construction permits for builders, contractors, architects, developers, and owners. PermitFlow's software handles various aspects of permit acquisition, including research, preparation, submission, and monitoring. The company aims to reduce the time required to obtain permits while standardizing municipalities' building permit submittal processes through a single platform. With nationwide coverage and local municipal expertise, PermitFlow supports permitting across multiple states, making it easier for builders to navigate complex regulatory environments.
Graneet
Seed Round in 2021
Graneet is a developer of a management platform focused on providing commercial management support for small and medium-sized enterprises (SMEs) in the construction industry. The platform enables users to access key performance indicators in real-time, facilitating improved decision-making and operational efficiency. By automating financial and administrative monitoring of projects, Graneet helps clients enhance their margin rates and streamline their workflows. Additionally, the platform assists users in automating tasks related to processing business opportunities, invoicing, and payment management, thereby reducing errors and increasing productivity.
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.
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 company facilitates the construction and renovation process by allowing customers to submit requests for professional services, including design and architecture tailored to their needs. Brick&Bolt prioritizes financial security through its escrow facility, ensuring that funds are safely managed throughout the project. The platform leverages technology to maintain transparency, offering clients the ability to track progress and receive updates on their construction work. Additionally, the company emphasizes quality control through an in-house project management team and implements penalty clauses to ensure timely project completion.
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 forms, drawing mark-ups, and location mapping. It generates reports and provides insights to streamline operations, serving leading contractors, developers, and owners worldwide.
ALICE Technologies
Series A in 2019
ALICE Technologies is a developer of an AI-powered construction simulation platform designed to optimize building processes. The platform utilizes advanced artificial intelligence to analyze complex project requirements, generating efficient schedules and resource allocations. This capability allows construction professionals to estimate costs and timelines accurately while adapting to changes throughout the construction cycle. By streamlining planning and execution, ALICE Technologies helps contractors and project owners reduce construction times and labor costs significantly, with typical savings of $30 million on projects valued at $500 million. The company collaborates with leading firms in the infrastructure and commercial construction sectors, enhancing their ability to manage projects effectively.
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 company facilitates the construction and renovation process by allowing customers to submit requests for professional services, including design and architecture tailored to their needs. Brick&Bolt prioritizes financial security through its escrow facility, ensuring that funds are safely managed throughout the project. The platform leverages technology to maintain transparency, offering clients the ability to track progress and receive updates on their construction work. Additionally, the company emphasizes quality control through an in-house project management team and implements penalty clauses to ensure timely project completion.
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 that aims to enhance efficiency in the engineering design and construction process. By integrating engineering teams, designs, and calculations, CalcTree addresses the challenges of data fragmentation and complexity that often plague traditional methods. The platform focuses on organizing and leveraging calculations and designs, facilitating a more streamlined approach to project management. By adopting a building information model, CalcTree enables clients to optimize their calculations and maintain easy access to connected data sets, ultimately minimizing time and reducing errors in project execution.
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