San Francisco · Pre-Seed–Series B · 18 people tracked
Investment thesis
Foundamental invests in construction-tech hardware founders building precision-focused products. The firm's thesis emphasizes that hardware accuracy in construction is exponentially more valuable than consumer applications, with millimeter errors creating substantial waste. Successful ventures combine professional-grade sensor accuracy with software innovation to create durable competitive advantages. The firm prioritizes founders who can achieve rapid hardware iteration velocity, build modular solutions that integrate with construction workflows, and establish platforms through data assets and ecosystem effects rather than specifications alone. Long-term value creation comes from solutions that eliminate undesirable job aspects while maintaining professional reliability standards.
Source: firm website, verified Aug 24, 2026.
Team · 18 people
from the firm's website & public directories
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Founder mafia
4 people who came through Foundamental went on to found or lead other companies.
What they invest in
from 52 of 68 portfolio companiesConstruction Tech ×30SaaS ×21PropTech ×19AI & Machine Learning ×16Enterprise Software ×12B2B Marketplaces ×8Climate Tech ×7Cleantech ×5
HQs:United States×10India×7Germany×4Singapore×3France×2United Kingdom×2
Who they back
founder profiles across 32 portfolio companiesFounding team size:solo founder×182 founders×93 founders×5
Where their founders studiedfrom 30 founders with education data
ESSEC Business School ×2Harvard University ×2Indian Institute of Technology Kanpur ×2Massachusetts Institute of Technology ×2National University of Singapore ×2Stanford University Graduate School of Business ×2WHU – Otto Beisheim School of Management ×2
Where their founders worked beforefrom 32 founders with career history
Arup ×2BOOST ×2ClearTax ×2Uber ×2
Accelerator rootsportfolio companies that came through a program
4 founders hold a PhD · 5 hold an MBA (of 34 with degree data)
Investments · 68 tracked
founders shown can be your intro pathBy year:2025 · 12023 · 32021 · 12019 · 16 dated
Brick & Bolt provides commercial construction services across categories including co-living and rental housing, retail showrooms, office and coworking spaces, industrial buildings, educational institutions, hospitality venues, and healthcare facilities.
B2B MarketplacesConstruction TechMarketplacesPropTechBengaluru, IN
Arpit Rajpurohit(Co-Founder)inJayesh Rajpurohit(Co-Founder and CEO)in
Co-investorsAccelCelesta CapitalCelesta CapitalStride VenturesSurge
Nuqlea operates a digital B2B platform (Nuqlea Studio) that connects construction industry players — manufacturers, distributors, and building companies — along with financing and logistics providers to make material procurement more efficient.
B2B MarketplacesConstruction TechFintechPropTech
Gastón Remy(CEO)inPablo Silveri(CFO)inInés Cura(COO)inFederico Freund(CTO)in
Co-investorsNewtopia VC
Ackcio builds Ackcio Beam, a wireless, real-time remote monitoring system that automates data collection from sensors on industrial sites and infrastructure projects.
Advanced ManufacturingConstruction TechHardwareIoTSingapore, SG
Mobashir Mohammad(CEO)inNimantha Baranasuriya(Cofounder)in
Co-investorsAngelCentralEntrepreneur FirstSGInnovateWavemaker Partners
Aeria builds digital tenant experience solutions for commercial real estate, focused on improving tenant and employee engagement, satisfaction, and retention.
AI & Machine LearningEnterprise SoftwarePropTechSaaS
Priyanka Gera(Founder & CEO)inPiyush Kateja(Co-Founder & Director)inAwnish Kumar(Co-Founder & Head of Engineering)in
Co-investorsKalaari Capital
CalcTree is a no/low-code platform that automates calculation and workflow tasks for engineers, reducing time spent rebuilding calculations and managing data.
AI & Machine LearningConstruction TechDeveloper ToolsSaaS
Mahan LameiinOnur EkinciinTim Rawlingin
Co-investorsSuffolk Technologies
CarbonBuilt makes low-carbon concrete masonry and hardscape products by replacing up to half the cement with its proprietary upcycled binder, reducing the carbon footprint of concrete production.
CleantechConstruction TechNew MaterialsTorrance, US
Gaurav Sant(Director)Rahul Shendure(Executive Officer, Director)in
BoardEdward Muller(Executive Officer, Director)Neil Renninger(Director)
Co-investorsAutodesk FoundationConnecticut Innovations
Conversant.ai builds AI applications for industrial commerce that read any document format, normalize messy supplier data, check product compatibility against specs, and generate quotes with citations to source data.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaS
Cookiebot is a consent management platform that scans websites for cookies and trackers and collects visitor consent to help site owners comply with privacy regulations such as GDPR, CCPA, and Google Consent Mode.
CybersecurityMarketing TechSaaS
Co-investorsBain Capital VenturesGC AngelsHeartcore CapitalLocalGlobeMaven Capital PartnersMid Europa Partners+4 more
Cutr operates a B2B marketplace and software platform that connects architects, interior designers, project furnishers, and builders with a network of wood manufacturing partners.
Advanced ManufacturingB2B MarketplacesConstruction TechEnterprise SoftwareSaaS
Oscar Peppitt(Founder, CEO)Rodny Heemskerk(Founder, Operations)Jasper Mittelmeijer(Founder, Product)Menno Pruijssers(VP of Engineering)
Dekoruma is an Indonesian online furniture and home furnishing retailer specializing in modern premium and Japandi-style furniture and accessories.
ConsumerE-commercePropTechJakarta, ID
Dimas Harry Priawan(Founder)in
Co-investorsAC VenturesKejora CapitalSkystar CapitalKTB Network
Desteia builds AI-native software for cross-border logistics and global trade operations, offering real-time shipment tracking, automated customs paperwork, and alerts.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainNew York City, US
Co-investorsNazcaNido Ventures
Enter offers heat pumps and photovoltaic systems for homeowners, including online building analysis, expert consultation, system sizing, and installation through certified regional SHK (heating and plumbing) master contractors.
CleantechClimate TechEnergy
Co-investorsCoatue ManagementFounders FundGerman Media PoolSE VenturesTarget GlobalW ventures+4 more
Faktus is a neobank for construction (BTP) SMEs that turns work invoices into immediate cash through invoice financing, guarantees, and a pro account centralizing collections, expenses, and funding by construction site.
Construction TechFintechSaaSParis, FR
Co-investorsKima Ventures
Forge installs and services residential heat pumps for heating and cooling, guiding homeowners through system selection, design, installation, and Mass Save rebates.
CleantechClimate TechEnergy
Co-investorsBantam GroupBoston Seed CapitalNextView VenturesOyster Ventures
GoCement is an Indonesian online marketplace for building and construction materials, connecting buyers with local building-supply stores via a mobile app and website.
B2B MarketplacesConstruction TechE-commerce
Co-investorsSpiral Ventures
1Win is an online betting and casino platform offering cricket betting, casino games, and the Aviator crash game to users in India.
Gaming
Co-investorsAxilor Ventures
Graneet is an ERP software for small and mid-sized construction (BTP) companies with revenue between €2M and €100M, covering cost estimating, progress invoicing, purchasing, labor tracking, and real-time margin monitoring per project.
Construction TechEnterprise SoftwareSaaS
Jean-Gabriel Niel(Founder)in
Co-investorsAxeleo CapitalPoint Nine
Handoff is an AI-native construction management and estimating platform for residential contractors including remodelers, home builders, and trade contractors.
AI & Machine LearningConstruction TechEnterprise SoftwarePropTechSaaSAustin, US
Dmitry Alexin(Founder)in
Co-investorsCerity Partners VenturesEarl Grey CapitalGreycroftMetaPropMetaProp VenturesY Combinator
FARO Sphere XG (formerly HoloBuilder) is a digital reality platform that gives jobsite stakeholders remote 3D access using 360° photos, 3D point clouds, and design data organized on floor plans for progress tracking and documentation.
Construction TechPropTechSaaS
Mostafa Akbari Hochberg(Founder)in
Co-investorsTandem Capital
Co-investorsMillennium New HorizonsMillennium Technology Value PartnersBootstrapLabs
Construction and infrastructure marketplace
Co-investorsTrifecta Capital AdvisorsMars Growth Capital
EV logistics and data-driven vehicle management for construction.
Co-investorsLiquidity Capital
Juno provides development tools and approaches for industrialized construction, focusing on prefabrication and mass timber systems to improve predictability and profitability in the construction industry.
Construction TechDeveloper ToolsPropTech
Emily Mills MarineauJen Canchola
Co-investorsComcast VenturesMetaPropMetaProp VenturesRET VenturesAda VenturesArtesian+2 more
Latii offers FORUM, an AI-driven management platform for the window and door industry that automates the quote-to-install process, using AI agents to analyze blueprints, generate material lists and quotes, and manage installation scheduling and quality checks.
AI & Machine LearningConstruction TechSaaSNew York, US
Santiago Bueno Velasco(Executive Officer, Director, Promoter)Juan Pascual Orero(Executive Officer, Director)
BoardRaja Ghawi(Director)in
Co-investorsAct One VenturesBrighter CapitalEra VenturesLeadout CapitalNine Four Ventures
LocoNav builds an AI-powered and IoT-enabled fleet operations management platform for commercial vehicle operators across industries.
AI & Machine LearningIoTLogistics & Supply ChainSaaSSan Francisco, US
Shridhar Gupta(Executive Officer, Director)inVidit Jain(Executive Officer, Director)inDavid Greenbaum(Director)
BoardShailesh Lakhani(Director)
Co-investorsAnthemis VentureMyAsiaVCSquareOne CapitalTrifecta Capital AdvisorsVillage Global
Monumental designs, builds, and operates a fleet of autonomous robots that lay bricks on live construction sites, controlled by its own integrated software stack.
Construction TechHardwareRobotics
Co-investorsHummingbird VenturesKhosla VenturesNorthzone
Marrfa operates an online platform for cross-border real estate investing, offering an inventory of international residential and commercial properties along with market data such as historical price trends, rental yields, and capital appreciation forecasts.
B2B MarketplacesFintechMarketplacesPropTechDubai, AE
Co-investorsTDV Partners
Mattoboard is a browser-based 3D mood board and virtual material sampling platform for interior designers and architects.
AI & Machine LearningPropTechLas Vegas, US
Guy Adam Ailion(Founder)in
Co-investorsCerity Partners VenturesSoundboard Venture FundTechstarsAcrobator VenturesBlue Field CapitalHome Depot Ventures+1 more
Co-investorsAxilor Ventures
Mighty Buildings manufactures prefabricated homes using 3D printing technology and robotics, with a goal of reducing construction emissions and waste.
PropTechRoboticsSan Francisco, US
Slava Solonitsyn(Founder)inDmitry Starodubtsev(Founder)in
Co-investorsAbies VenturesAzure Ventures GroupBay Bridge Ventures ClimateBold Capital PartnersDesigner FundEvolution VC Partners+12 more
Novade provides field management software that digitizes jobsite operations, captures site data, and applies AI to analyze performance and risks for construction, infrastructure, energy, utilities, and industrial projects.
AI & Machine LearningConstruction TechSaaSSingapore, SG
Denis Branthonne(Founder)in
Co-investorsWind Venture
Ofload offers a Carbon Analytics Platform that tracks and reports logistics carbon emissions using the GLEC-accredited methodology, giving shippers real-time dashboards to measure Scope 3 emissions and set reduction targets.
B2B MarketplacesCleantechClimate TechLogistics & Supply ChainSaaSSydney, AU
Geoffroy(Founder & CEO)in
Co-investorsJungle VenturesLiquidity CapitalMaersk GrowthMars Growth CapitalRocket Internet SEFlash Ventures+3 more
Onsite Teams (Abeyaantrix Technology Pvt Ltd) is a construction ERP and project management SaaS built for Indian contractors, builders, EPC firms, and interior companies, covering BOQ, procurement, labour attendance, billing, and project P&L.
Construction TechEnterprise SoftwarePropTechSaaSIndia, IN
PermitFlow provides an AI-powered platform that automates the construction permitting lifecycle, from research and application preparation to submission and tracking.
AI & Machine LearningConstruction TechPropTechNew York City, US
Samuel Lam(Founder)inSamuel K. Lam(Founder)Francis Thumpasery(Founder)in
Co-investors1Sharpe VenturesAccelAmino CapitalFelicis VenturesKleiner PerkinsY Combinator+3 more
Plans develops mobile software for capturing, analyzing, and planning data related to construction and built environments.
Cloud ComputingConstruction Tech
Powerus is a job marketplace for skilled trades in Germany, connecting workers and employers in sectors including electrical installation, renewable energy, HVAC, plumbing, and building automation.
ConsumerHR TechMarketplacesBerlin, DE
Julian Lindinger(Founder)inKonrad Geiger(Founder)in
Co-investorsBLN CapitalY CombinatorGeneral CatalystHeadline
Prolance is a platform for interior designers and manufacturers that automates design workflows, generates quotes, and manages file and project data.
Construction TechSaaSPune, IN
Rama Harinath(Founder)
Co-investorsAxilor Ventures
Q-Bot installs underfloor insulation beneath suspended timber or concrete floors, applying closed-cell foam either robotically or by hand to reduce heat loss and draughts.
CleantechPropTechRobotics
Co-investors2050 CapitalAdjuvoEcoMachines VenturesEMV Capital
Rayon is an AI-powered, browser-based CAD and BIM tool for interior designers and architects, offering drafting tools, a 4,000+ element item library, schedules, real-time collaborative editing, version history, and link sharing.
AI & Machine LearningPropTechSaaS
Stanislas Chaillou(Founder)in
Co-investorsKima VenturesNorthzone
Reframe helps developers and builders deliver construction projects—from small multi-unit builds to community-scale developments—with more predictable timelines and outcomes.
Climate TechConstruction TechPropTechRobotics
Aaron Small(Founder)in
Co-investorsRA CapitalService Provider CapitalVoLo Earth VenturesCubit CapitalEclipseSaga Ventures
AI & Machine LearningDeep TechMobility & TransportationRoboticsSunnyvale, US
Bibhrajit Halder(Executive Officer, Director)
BoardAlexei Andreev(Director)in
Co-investorsMonta Vista CapitalAutotech VenturesBain Capital VenturesBrick Mortar VenturesBuilders VCDefinition+7 more
Snaptrude is a cloud-based design platform for architects and interior designers, supporting real-time, BIM-ready collaboration to accelerate concept design workflows.
AI & Machine LearningConstruction TechPropTechSaaS
Altaf Ganihar(Founder)in
Co-investorsAccelFortius Ventures
Speckle provides a data collaboration platform for the architecture, engineering, and construction (AEC) industry, enabling teams to share and connect data across projects and disciplines.
Cloud ComputingConstruction TechData & InfrastructureEnterprise SoftwareLondon, GB
Dimitrie Stefanescu(Founder & CEO)in
Co-investorsFrontline VenturesSuffolk TechnologiesAddition
Spotlock provides commodity risk management tools and hedging strategies for businesses across supply chains.
Enterprise SoftwareFintechSaaS
Matanel Libi(Founder)inTal Koelewyn(Founder)in
Co-investorsfresh.fund
Stylib is a product data management platform that helps architectural product suppliers digitally manage and showcase their products through centralized catalogue management, data onboarding, and AI-powered search capabilities for designers and specifiers.
AI & Machine LearningEnterprise SoftwareSaaS
Tangible provides AI-powered quantity extraction from architectural drawings and building models to give preconstruction teams live materials data for cost and carbon impact analysis.
AI & Machine LearningClimate TechConstruction Tech
Co-investorsFifty YearsFlybridge Capital PartnersFuture Positive CapitalPi LabsSuffolk TechnologiesPale Blue Dot
Empowering global trade with seamless, secure payments
Singapore, SG
Rahul Shinghal(Founder)inSaroj Mishra(Founder)
Co-investorsGMO VenturePartnersPeak XV PartnersRTP GlobalSaison CapitalArc180Circle Ventures+5 more
An online marketplace offering a wide range of products including packaging materials, industrial safety equipment, home and kitchen supplies, tools, electrical systems, hardware, paint, automotive parts, and other industrial and consumer goods.
B2B MarketplacesE-commerceMarketplacesBogota D.C., CO
Enrique Villamarin Lafaurie(Founder)inJuan Carlos Narvaez(Executive Officer, Director)Enrique Villamarin(Executive Officer, Director)Eric Reiner(Director)Felipe Villamarin(Director)Nicolas Villegas(Executive Officer, Director)
Co-investors8VCAlleyCorpAvenir Growth CapitalCapria VenturesCoatue ManagementHTwenty+5 more
Vahak is an online marketplace connecting shippers with verified lorry and light commercial vehicle owners for freight bookings, offering load posting, price quotes, booking, and live tracking.
Logistics & Supply ChainMarketplacesMobility & Transportation
Karan Shaha(Founder)inVikas Chandrawat(Founder)in
Co-investorsRTP GlobaliSeedLeo Capital
VARM provides professional home insulation services for residential properties, including exterior walls, floor ceilings, and basement ceilings.
Construction Tech
Sebastian Wuerz(Founder)in
Co-investorsGET FundEmerge Educationnoa
Online home building platform that lets buyers design and build single-family homes on vacant lots at guaranteed prices.
Co-investorsActivant CapitalAdapt VenturesCrunchFundEra VenturesKokopelli CapitalMS&AD Ventures+3 more
Co-investorsAxilor VenturesTrifecta Capital Advisors
Karachi, PK
Ahsan Ali Khan(Founder)Ahsan Khan(Founder)
Co-investorsAmaana CapitalMyAsiaVC
Exits · 1
IPOs and acquisitions across the tracked portfolioSafeAIacq. by Pronto
Portfolio news
latest coverage across their companiesInfra Market · outlookbusiness.com · Aug 14, 2026
Juno · femtechinsider.com · Jul 17, 2026
SafeAI · technologies.org · Jul 15, 2026
Speckle · bricks-bytes.com · May 27, 2026
Enter · finsmes.com · May 11, 2026
Tazapay · pulse2.com · Mar 29, 2026
Snaptrude · aecmag.com · Mar 3, 2026
Frequently asked questions
- How many investments has Foundamental made?
- Foundamental has 66 tracked investments, 3 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
- What stage does Foundamental invest at?
- Foundamental invests at the Pre-Seed, Seed, Series A, Series B stages.
- What is Foundamental's typical check size?
- Foundamental typically writes checks of $500K – $5M.
- What sectors does Foundamental focus on?
- Foundamental focuses on Advanced Manufacturing, AI & Machine Learning, B2B Marketplaces, Construction Tech, Deep Tech, Defense Tech, Fintech, Hardware, Logistics & Supply Chain, New Materials, PropTech, Robotics, Space Tech.
- Where is Foundamental located?
- Foundamental is headquartered in San Francisco, US.
- Does Foundamental lead rounds?
- Yes, Foundamental leads investment rounds.
- Who does Foundamental co-invest with?
- Foundamental most often shares deals with Accel, Axilor Ventures, Y Combinator, among 120 tracked co-investors.
Media · Podcasts & interviews
featuring the teamThe State of the Project Economy, Patric Hellermann (GP, Foundamental) at Contech Connect Paris 2026
Foundamental · Patric Hellermann
42 - Patric Hellermann, General Partner at Foundamental
Slice of Construction · Patric Hellermann
#73 Tech im Bau: "Da sein, wo der Blitz einschlägt" – Patric Hellermann – Foundamental [Innovatio...
Digitaler Unternehmermut · Patric Hellermann
LMRE VC Spotlight - Foundamental - Patric Hellermann
LMRE · Patric Hellermann
90 | AI Insourcing Is Here And Someone Is Accidentally Betting Against It
Foundamental
Images
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Co-investors · 49
Axilor Ventures is an India-based venture capital firm backing early-stage technology startups across supply chain, enterprise SaaS, healthcare, and agriculture, operating SEBI-registered technology funds.
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.
BCV Labs is the platform and hands-on support arm of Bain Capital Ventures, providing portfolio founders with go-to-market strategy, brand development, hiring assistance, and customer introductions.
Northzone is a technology-focused venture capital firm investing across AI and deep tech on both sides of the Atlantic, backing companies from early stage through growth.
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General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.
Tiger Global Management operates public equity strategies (long/short, long-focused and crossover) and a private equity business investing in early- through late-stage growth companies across new and existing industries.
Greycroft is a venture capital firm that partners with founders across multiple industries and geographies, investing in software, sustainability, and consumer brands.
8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.
Initialized Capital is a seed-stage venture firm that partners with founders very early — often before product-market fit — providing hands-on support across product, recruiting, go-to-market, PR, and Series A fundraising.
Target Global is a technology investment firm focused on empowering growth by backing transformational technology and ambitious entrepreneurs.
Anthemis is an investment firm focused on the digital economy, backing companies that reshape financial services and the broader economy for wider benefit.
▶37 more co-investors
Fifty YearsBootstrapLabsNazcaBuilders VCredalpineAutotech VenturesJungle VenturesPale Blue DotPi LabsArcTern VenturesZeno VenturesRET VenturesAndreessen HorowitzIndex VenturesUnknown VenturesUberQuiet CapitalLiquid VenturesFifth WallLowercase CapitalMatrixAntlerSpeedinvestLakestarGiant Ventures Global LlpLa FamigliaChicago VenturesMerus CapitalSunshine LakeBreegaMusha VenturesNorrsken VCIterative Instinct CapitalSeayaSand Hill AngelsCore Venture CapitalCocoa
Firms observed investing alongside Foundamental, from public investor directories. Shared companies are the overlap with Foundamental's recorded portfolio.
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