Foundamental GmbH is a Berlin-based venture capital firm, established in 2018, that focuses on investing in construction and mining technology. With additional offices in San Francisco and Singapore, Foundamental seeks to support ambitious founders across the Americas, Asia-Pacific, and Europe, primarily in the early stages of their companies. The firm specializes in sectors such as 3D design, robotics, supply chains, logistics, and industrial manufacturing, aiming to identify and back innovative companies often overlooked by others. Foundamental has built a portfolio that includes early investments in prominent industry players like Infra.Market and Speckle. With a commitment to helping founders navigate the challenges of early-stage growth, Foundamental aims to become a leading investor in vertical technology for the real world, focusing on long-term partnerships and follow-on investments.
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 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 simplifies the process of executing interior projects through automation and aggregation, thus eliminating errors, cost escalations and ensuring predictability for everyone in the interior business.
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 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.
Novade
Series B in 2020
Novade is a leading provider of construction management software tailored for the building and infrastructure industry. The company specializes in digitizing and automating site processes such as quality assurance, safety, progress monitoring, workforce management, and maintenance through mobile devices. This approach allows for the capture of valuable data, which offers insights to enhance operational efficiency and outcomes. Trusted by major contractors, real estate developers, owners, and operators worldwide, Novade supports their digital transformation initiatives. Headquartered in Singapore, Novade operates on a global scale, providing solutions that synchronize project data across digital platforms.
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.
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.
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