Foundamental
Venture capitalSan Francisco · Pre-Seed–Series B · 21 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 7, 2026.
Team · 21 people
from the firm's website & public directories
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What they invest in
from 37 of 70 portfolio companiesConstruction Tech ×22SaaS ×15AI & Machine Learning ×13PropTech ×13Enterprise Software ×11B2B Marketplaces ×4Climate Tech ×4Consumer ×4
HQs:United States×10India×5Germany×3United Arab Emirates×1Argentina×1Spain×1
Investments · 70 tracked
founders shown can be your intro pathNuqlea 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)Pablo Silveri(CFO)Inés Cura(COO)Federico Freund(CTO)
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)Piyush Kateja(Co-Founder & Director)Awnish Kumar(Co-Founder & Head of Engineering)
Carbon Built produces ultra-low carbon concrete masonry and hardscapes for construction projects by substituting conventional cement with a proprietary upcycled binder, achieving up to 70% reduction in carbon footprint.
CleantechClimate TechConstruction TechTorrance, US
Gaurav Sant(Director)Rahul Shendure(Executive Officer, Director)
BoardEdward Muller(Executive Officer, Director)Neil Renninger(Director)
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
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)Daniel Bell(Chief of Staff)
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
Françoise Lavertu StevensDiego SolorzanoAustin Poore
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
1Win is an online betting and casino platform offering cricket betting, casino games, and the Aviator crash game to users in India.
Gaming
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
Building materials supplier serving construction projects with products ranging from cement and steel to tiles and kitchens.
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)
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)Vidit Jain(Executive Officer, Director)Shailesh Lakhani(Director)David Greenbaum(Director)
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
PropTechLas Vegas, US
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
MyGenie provides retail infrastructure across India, applying financial controls, standardized processes, and quality-compliance standards to construction and buildout projects.
Construction TechEnterprise SoftwarePropTechRetail TechIndia, IN
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)in
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
Pronto develops autonomous haulage systems for off-road industrial sites like mines and quarries, designed to improve productivity and safety while reducing operational costs.
AI & Machine LearningDeep TechRoboticsSunnyvale, US
Alexei Andreev(Director)Bibhrajit Halder(Executive Officer, Director)
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
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 Software
Dimitrie Stefanescu(Founder & CEO)
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
Portfolio news
latest coverage across their companiesJuno · finsmes.com · Jul 17, 2026
SafeAI · technologies.org · Jul 15, 2026
Speckle · bricks-bytes.com · May 27, 2026
Tangible · financialit.net · Feb 18, 2026
Tech in Asia · thailand-business-news.com · Jan 12, 2026
Permitflow · alleywatch.com · Dec 10, 2025
Handoff · ycombinator.com · Sep 19, 2025
Frequently asked questions
- 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.
Media · Podcasts & interviews
featuring the team42 - 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
The State of the Project Economy, Patric Hellermann (GP, Foundamental) at Contech Connect Paris 2026
Foundamental
90 | AI Insourcing Is Here And Someone Is Accidentally Betting Against It
Foundamental
89⎟Bet-Taking Factories and Commercial AI Engineers: The New Shape of Engineering?
Foundamental
Images
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Co-investors · 48
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.
General Catalyst is a venture capital and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.
Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.
Greycroft is a venture capital firm that partners with founders across multiple industries and geographies, investing in software, sustainability, and consumer brands.
Northzone is a multi-stage venture capital firm investing from seed to growth.
Target Global is a technology investment firm focused on empowering growth by backing transformational technology and ambitious entrepreneurs.
Anthemis is a venture capital firm focused on investing in the digital economy, with an emphasis on financial technology and related sectors.
Fifty Years is a pre-seed and seed focused venture capital firm that backs founders using technology to solve major global problems, and also helps start companies.
BootstrapLabs is a Silicon Valley venture capital firm, now an Ares company, focused on Applied Artificial Intelligence. It often provides the first institutional capital and leads early-stage rounds with follow-on at growth stages.
Builders VC is a venture firm run by operators and investors that backs founders solving complex, mission-critical problems in industries dominated by legacy systems.
▶36 more co-investors
Autotech VenturesJungle VenturesPale Blue DotPi LabsArcTern VenturesZeno VenturesRET VenturesAndreessen HorowitzIndex VenturesBain Capital VenturesUnknown VenturesUberTiger Global ManagementQuiet CapitalLiquid Ventures8VCLowercase CapitalMatrixInitialized CapitalAntlerSpeedinvestLakestarFifth Wall VenturesGiant Ventures Global LlpLa FamigliaChicago VenturesMerus CapitalSunshine LakeBreegaNazcaMusha VenturesNorrsken VCIterative Instinct CapitalSeayaSand Hill AngelsCore Venture Capital
Firms observed investing alongside Foundamental, from public investor directories. Shared companies are the overlap with Foundamental's recorded portfolio.
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