/Investor DB

Foundamental

Venture capitaloperating company · company profile

San Francisco · Pre-Seed–Series B · 15 people tracked

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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 Sep 27, 2026.

Stage
Pre-Seed–Series B
Check
$500K – $5M
HQ
San Francisco, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
2019
Last 12 months
1 investment
AUM
$300M
Tracked investments
82
Acquisitions
1

Team · 15 people

from the firm's website & public directories

Founder mafia

4 people who came through Foundamental went on to found or lead other companies.

What they invest in

from 66 of 82 portfolio companies

Construction Tech ×32PropTech ×24SaaS ×24AI & Machine Learning ×18Enterprise Software ×18Fintech ×9B2B Marketplaces ×8Cleantech ×7

HQs:United States×17India×12Germany×4Singapore×3France×2United Kingdom×2

Who they back

founder profiles across 35 portfolio companies
49%
solo founders
17 of 35 mapped founding teams
41%
repeat founders
of 44 founders with career history
~2 yrs
old at investment
median across 15 dated deals

Founding team size:solo founder×172 founders×93 founders×64+ founders×3

Where their founders studiedfrom 43 founders with education data

Harvard University ×3ESSEC Business School ×2ETH Zürich ×2Indian Institute of Technology Kanpur ×2Indian Institute of Technology, Roorkee ×2Massachusetts Institute of Technology ×2National University of Singapore ×2Stanford University Graduate School of Business ×2

What their founders studiedfrom 45 founders with field-of-study data

Engineering ×14Business & Management ×13Computer Science ×8Design & Architecture ×6Economics ×6Finance & Accounting ×4Mathematics & Statistics ×4Law ×2

Where their founders worked beforefrom 44 founders with career history

Uber ×3Arup ×2BOOST ×2Microsoft ×2United Nations ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×4

6 founders hold a PhD · 7 hold an MBA (of 47 with degree data)

Investments · 82 tracked

founders shown can be your intro path

By year:2025 · 52024 · 32023 · 92022 · 122021 · 52020 · 42019 · 139 dated

Brick&Boltbricknbolt.comin𝕏Mar 2023 · $10M✓ verified

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 CapitalStride VenturesPeak XV PartnersSurge

Making construction autonomousmonumental.co✓ verified

Monumental develops autonomous construction robots with in-house hardware, software, and machine vision to lay bricks and build structures on real building sites.

Construction TechHardwareRoboticsAmsterdam, NL

Salar(Co-founder)inSebastiaan Visser(Founder)inSalar al Khafaji(Founder)

Co-investorsKhosla VenturesNorthzoneHummingbird VenturesPlural

Nuqleanuqlea.comin𝕏✓ verified

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

011h011h.cominSeed · Dec 2020 · $12M

011h designs and builds housing using an industrialized construction system and digital platform that integrates factory, design, and on-site work.

Climate TechConstruction TechPropTechBarcelona, ES

Carlos Llibre(Founder)Josep Barbera(Founder)José Manuel Villanueva(Founder)Lucas Carné(Founder)

Co-investorsnoaBreegaCDTIredalpineSeayaShip2B Ventures

Ackcioackcio.comin𝕏

Ackcio builds wireless monitoring systems and devices for industrial and geotechnical operations, used above ground and below ground to increase safety, manage risk, and monitor critical infrastructure.

Advanced ManufacturingConstruction TechEnterprise SoftwareHardwareIoTSingapore, SG

Mobashir Mohammad(Co-founder and CEO)inNimantha Baranasuriya(Co-founder and Non-Executive Director)inKenny Wang(COO)in

Co-investorsAngelCentralEntrepreneur FirstSGInnovateWavemaker PacificWavemaker PartnersAtlas Ventures+1 more

Aeriaaeria.worldinMar 2024 · $1.8M

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

Brickbrick.soinAug 2020

Brick provides an AI-based platform for insurance companies to automate and audit decision-making processes such as underwriting, claims, and fraud prevention, including intelligent document reading and workflow automation.

AI & Machine LearningInsurTechSaaS

Co-investorsBroom Ventures

Brickbrick-data.comAug 2020 · $10M

Brick provides an end-to-end DCIM (data center infrastructure management) system that installs digital meters and a universal gateway to unify legacy and modern building systems without rip-and-replace, using AI to tune HVAC, cooling, and major loads within approved limits.

AI & Machine LearningCleantechEnergy

Sebastian Sheng(Founder)in

Co-investorsRebellion VenturesAccelBroom VenturesCelesta CapitalHoney Island CapitalPeak XV Partners+3 more

CalcTreecalctree.cominPre-Seed · Oct 2022 · $830K

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-investorsAntlerSuffolk Technologies

CarbonBuiltcarbonbuilt.comin

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(Founder)inRahul Shendure(Founder)in

BoardEdward Muller(Executive Officer, Director)Neil Renninger(Director)

Co-investorsAutodesk FoundationConnecticut Innovations

Conversantconversant.aiin𝕏

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

Cottagecotta.ge𝕏Series A · Apr 2022 · $15M

RenoFi provides proprietary renovation underwriting technology that enables lenders to offer renovation loans based on after-renovation value, helping homeowners increase borrowing power for home renovations.

FintechPropTechSan Francisco, US

Alex Czarnecki(Founder)

Co-investors1Sharpe VenturesITERATIVEReshapeBase10 PartnersDivcoWestFifth Wall+2 more

Cutrcutr.cominSeed

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 TechDeveloper ToolsEnterprise SoftwareMarketplacesSaaSAmsterdam, NL

Oscar Peppitt(Founder)inRodny Heemskerk(Founder)inJasper Mittelmeijer(Founder)inMenno Pruijssers(Vice President of Software Engineering)inZack Heller(Vice President Eng)

Co-investorsnoaSoma CapitalTimon CapitalY CombinatorAndreessen HorowitzChalfen Ventures

Dekorumadekoruma.comin𝕏

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 CapitalOCBC NISP VenturesSkystar CapitalKTB Network

Desteiadesteia.comSeed · Feb 2025 · $8M

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-investors0BSAutotech VenturesNazcaNido VenturesBridge LatamVillage Global

Dqindiadqindia.comin𝕏

DQ India (Dataquest) is an online technology news publication covering enterprise IT, semiconductors, AI, and the Indian tech industry.

Enterprise SoftwareMedia & Entertainment

EarlyTradeearlytrade.comSeries A · Sep 2022 · $9M

Earlytrade offers an auction-based early payment platform that lets commercial general contractors pay their subcontractors ahead of schedule in exchange for a discount, giving contractors returns on their capital while helping trade partners get paid earlier.

Construction TechFintech

Guy Saxelby(Founder)inPiers Symons(Founder)in

Co-investorsAntlerIsaiS3 VenturesShearwater CapitalBrick Mortar Ventures

Enterenter.deinSeed · Aug 2022 · $6M

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 PoolLoric VenturesnoaPartech Ventures+8 more

Enterenter.ru

Henrique Vaz(Founder)Maksim Nogotkov(Founder)Mateus Costa-Ribeiro(Founder)Michael Mac-Vicar(Founder)

Co-investorsAtlanticoFounders FundGerman Media PoolKaszek VenturesnoaPartech Ventures+3 more

Etnownewsetnownews.com𝕏

Etnownews.com is the digital news platform of Times Network, delivering breaking news and current events coverage to Indian and global audiences.

Digital HealthMedia & EntertainmentMumbai, IN

Faktusfaktus.euSeed · Oct 2025 · $10M

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 VenturesSuper Capital VC

Forgeforgehq.comin

ForgeHQ provides customs brokerage, tariff refunds, and duty drawback services for importers, combining licensed broker expertise with AI technology to accelerate customs clearance and recover import duties.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainNew York City, US

Emir Sahmanovic(CEO)inHaris Sahmanovic(CTO)inDennis Fong(Founder)George Ng(Founder)Kun Gao(Founder)

Co-investorsGradient VenturesY CombinatorBase10 PartnersBitkraft Esports VenturesBoston Seed Capital

Forge Homesforgeco.comin

Forge is an HVAC company that installs and upgrades home heating and cooling systems, with a focus on heat pumps, using in-house crews.

CleantechClimate TechEnergy

Co-investorsBantam GroupBoston Seed CapitalNextView VenturesUtopian Ventures

Go Cementgocement.com

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-investorsDS/X VenturesKejora CapitalReflect VenturesSpiral VenturesBEENEXT

Gojunogojuno.com

BJ Siegel(Founder)Chester Chipperfield(Founder)David Haase(Founder)Devin Tivona(Founder)Devon Tivona(Founder)Harjit Sajjan(Founder)

Co-investorsEmpire AngelsBlackbird VenturesCanaan PartnersFuel VenturesHashedHoxton Ventures+7 more

Goodhomethegoodhome.co.in

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

Graneetgraneet.frin

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

Green Fortunethegreenfortune.comin𝕏Seed · Mar 2025 · $4.5M

GreenFortune manufactures window and door systems in India using PVC profiles and supplies them to fabricators who serve end customers.

Advanced ManufacturingConstruction TechConsumerHardwareSector AgnosticHyderabad, IN

Co-investorsIncubate Fund

Handoffhandoff.aiin𝕏Seed

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)inBryan Kaplan(Head of Engineering)Tyler Kvochick(CV Engineer)Michael Darr(Full-Stack Engineer)Doug Hugo(COO)Chris Whitsett(Product Designer)

Co-investorsCerity Partners VenturesEarl Grey CapitalGreycroftInitialized CapitalMetaPropMetaProp Ventures+10 more

HoloBuilderholobuilder.comin

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

Homebasehomebasedao.ioin𝕏Nov 2021 · $30M

Homebase is a blockchain-based platform that enables fractional ownership of residential real estate properties through tokenization on the Solana network.

Crypto & Web3Enterprise SoftwareFintechPropTechSaaSNew York City, US

Co-investorsBantam GroupCowboy VenturesTechstarsACE & CompanyBain Capital VenturesBaseline Ventures+8 more

Homebasehomebase.com.vninNov 2021 · $30M

Homebase is a Southeast Asian proptech company that helps individuals achieve home ownership, including through installment-based homebuying processes.

FintechMarketplacesPropTechHo Chi Minh City, VN

Jun Yuan Tan(Founder)inPhillip AnNhien Du(HR)test test(HR)Trang Nguyen(HR)Thy Tran(HR)

Co-investorsY Combinator1982 VenturesAntlerEmles Venture PartnersFlucas VenturesITERATIVE+17 more

IndiFrameindiframe.comin

IndiFrame, formerly GreenFortune Windows & Doors, designs, engineers, installs, and services windows and doors for Indian homes under one roof.

Advanced ManufacturingConstruction TechConsumer

Infra Marketinframarketstores.comin

Construction and infrastructure marketplace

Thane, IN

Co-investorsTrifecta Capital AdvisorsMars Growth Capital

Infraprime Logisticsinfraprimelogistics.com

Infraprimal Logistics develops electric truck technology for logistics and transportation markets.

CleantechHardwareLogistics & Supply Chain

Chetan SinghalinSubodh YadavSiddhartha Das

Co-investorsAlexander Geza Marcus PejacsevichLiquidity Capital

Ivyivy.coin𝕏Jun 2022 · $7M

Ivy is a business management platform for interior design firms, covering product sourcing, proposals and invoicing, project tracking, time and expense tracking, online payments, and reporting.

Enterprise SoftwareSaaS

Co-investorsNFXBetter CapitalCreandumKhosla VenturesTitan CapitalValar Ventures Llc+2 more

Ivy Homesivy.homesinSeed

Ivy Homes purchases residential properties directly from homeowners in India by providing instant purchase offers based on a proprietary valuation model, then renovates and resells the homes through partner channels.

PropTechBengaluru, IN

Pritam Thakur(Founder)inAbhilash Narahari(Founder)in

Co-investorsRebright PartnersTitan CapitalY CombinatorBetter CapitalGlobal Founders CapitalKhosla Ventures+2 more

Jumbajumba.cominFeb 2023 · $4.5M

Jumba provides a mobile app and operating system that enables hardware retailers to order cement directly, access credit, and manage orders securely.

B2B MarketplacesConstruction TechFintechSaaSNairobi

Kagure Wamunyu(Founder)inYvonne Bajela(Director)Peace Osangir(Executive Officer)Kevin Miano Njoka(Executive Officer, Director)Esther Kagure Wamunyu(Executive Officer, Director)

Co-investorsEnza CapitalFirstCheck AfricaFuture AfricaLocalGlobeSeedstarsSpeedinvest

Junojuno.coin

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-investorsAlumni VenturesComcast VenturesFJ LabsMetaPropMetaProp VenturesRET Ventures+4 more

Latiilatii.comin

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

Loconavloconav.comin𝕏

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(Founder)inVidit Jain(Founder)inDavid Greenbaum(Director)

BoardShailesh Lakhani(Director)

Co-investorsAnthemis VentureMyAsiaVCSquareOne CapitalStonewater VenturesTrifecta Capital AdvisorsUncorrelated Ventures+3 more

Marrfamarrfa.comin𝕏Pre-Seed · Mar 2024

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 PartnersTykhe Block VenturesTykhe Ventures

Mattoboardmattoboard.comin𝕏

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 VenturesMasco VenturesSoundboard Venture FundTechstarsAcrobator VenturesBlue Field Capital+2 more

Mighty Buildingsmightybuildings.comin𝕏Seed · Jan 2021Defunct

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)inAlexey Dubov(COO)Sam Ruben(Founder)Dmitry Tsymbal(Head of HR)Anton Glance(Director of Manufacturing)

Co-investorsAbies VenturesAlumni VenturesAzure Ventures GroupBay Bridge Ventures ClimateBold Capital PartnersCM Ventures+43 more

MyGeniemygenieprojects.comin

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

Novadenovade.netin𝕏

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-investorsWavemaker PartnersWind VentureSEEDS Capital

Ofloadofload.com.auinNov 2020 · $550K

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-investorsAlexander Geza Marcus PejacsevichGlitch CapitalJungle VenturesKing River CapitalLiquidity CapitalMaersk Growth+5 more

Onsiteonsiteteams.comin𝕏Dec 2022 · $1.5M

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

Co-investorsArtha Venture Fund

Ordinary Objectsordinary.spaceinMay 2023

Ordinary Objects provides design and prototyping tools for mixed reality projects, enabling designers to create visual representations of spatial experiences for stakeholders and developers.

Developer ToolsHardwareMobility & TransportationSaaS

Co-investorsSondo CapitalTomorrow Today ASBakken & Bæck AS

PermitFlowpermitflow.cominPre-Seed · Mar 2022

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)inFrancis Thumpasery(Founder)inChad Waite(Head of Growth)Ty Avery-Miller(Recruiter)Hannah Hiler(Recruiter)Mark Tallabas(Recruiter)

Co-investors1Sharpe VenturesAccelAmino CapitalavraDepth VenturesFelicis Ventures+9 more

Plansplans.app

Plans develops mobile software for capturing, analyzing, and planning data related to construction and built environments.

Cloud ComputingConstruction Tech

PowerUspowerus.dein

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)inOlha Vasylieva(Technical Recruiter)

Co-investorsBLN CapitalGeneral CatalystY CombinatorEurazeoHeadlineHV Capital+1 more

Prolanceprolance.co.inin𝕏Aug 2022 · $2M

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)in

Co-investorsAxilor VenturesForce Ventures

Q-Botq-bot.coin

SWARM Platform is a digital compliance management software for retrofit projects in the UK, serving housing associations, contractors, and local authorities.

CleantechConstruction TechGovTechNew MaterialsPropTechRoboticsSaaS

Co-investors2050 CapitalAdjuvoEcoMachines VenturesEMV Capital

Rayonrayon.designin𝕏Sep 2023

Rayon builds a web-based design tool for architects, interior designers, and creative teams, and maintains Kits, an open-source library of 2D architectural elements.

AI & Machine LearningConstruction TechCreator EconomyPropTechSaaS

Stanislas Chaillou(Founder)inShira Nathan(Founder)inBastien Dolla(Founder)

Co-investors20VCKima VenturesNorthzone

Reframejoinreframeapp.comin𝕏

Reframe is a digital habit-change program that helps users reduce or eliminate alcohol consumption through science-based methods.

ConsumerDigital HealthHealthtechMental HealthWellness & FitnessAtlanta, US

Vedant Pradeep(Founder)inZiyi Gao(Founder)inBryan Zin(Founder)inAnna Lou(Ops Lead)Arsheen Kour(Executive Assistant)Leah Givarz(Executive Assistant)

Co-investorsAtlanta Tech VillageCathexis VenturesPioneerSaga VenturesY CombinatorCrystal Towers Capital+9 more

Reframe Systemsreframe.systemsin𝕏Aug 2025 · $20M

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-investorsCubit CapitalEnergy Impact PartnersGlobal BrainRA CapitalService Provider CapitalVoLo Earth Ventures+2 more

Reneoreneo.deinMar 2025

Reneo is an asset and investment management platform for decarbonizing residential real estate portfolios in Germany.

Climate TechEnterprise SoftwarePropTechGermany, DE

Lennart Börner(Founder & Co-CEO)inAlexander Graubner-Müller(Founder & Co-CEO)in

Co-investorsAbingworthAisling CapitalAmzak HealthEurazeoLakestarLundbeckfonden Ventures+4 more

SafeAIsafeai.aiin𝕏Jan 2019 · $5Macquired by Pronto

Pronto builds off-road autonomous haulage systems (AHS) designed for rugged industrial environments such as mines and quarries.

AI & Machine LearningMobility & TransportationRoboticsSunnyvale, US

Bibhrajit Halder(Executive Officer, Director)in

BoardAlexei Andreev(Director)in

Co-investorsDG Ventures, Inc.Embark VenturesMonta Vista CapitalAutotech VenturesBain Capital VenturesBrick Mortar Ventures+10 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Adaptive Real EstateConstructionweekonlineIndusKuroLunMetalbookReinventTangible MateriaWiz Freight

Exits · 1

1 acquisitions

SafeAIacq. by Pronto

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Foundamental made?
Foundamental has 82 tracked investments, 1 of which have exited, including 5 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, Cleantech, 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, noa, among 158 tracked co-investors.

From the blog

visit blog ↗

Recent posts cover Foundamental's construction and B2B commerce theses: why construction's core problem is cash and financing, how AI is making AEC drawing and BIM formats machine-readable, and benchmarks for evaluating B2B commerce marketplaces' unit economics. AI summary

Media · Podcasts & interviews

featuring the team

The 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

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Foundamental

Images

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Co-investors · 49

Khosla Ventures

Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.

$100K – $20M
Axilor Ventures

Axilor Ventures is an early-stage seed fund that backs and supports founders building companies across sectors including commerce, fintech, enterprise SaaS, deep-tech, clean mobility, healthcare, climate-tech and agritech.

Both backed · 5
GoodhomeProlanceVecna RoboticsMetalbookWiz Freight
noa

noa is a venture capital firm that invests in founders and technologies aimed at decarbonising the built world.

Tiger Global Management

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.

Both backed · 3
$1M – $100M
Liquid Ventures

Liquid 2 Ventures is a seed-stage venture capital firm founded in 2015 by Joe Montana and based in San Francisco.

$250K – $5M
Antler

Antler is a global early-stage venture capital firm that backs founders from company inception through to IPO, operating across roughly 30 locations worldwide and running cohort-based programs to help entrepreneurs build and scale companies.

$125K
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
Bain Capital Ventures

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.

Both backed · 2
$1M – $100M
Greycroft

Greycroft is a venture capital firm that partners with founders across multiple industries and geographies, investing in software, sustainability, and consumer brands.

Both backed · 2
$100K – $5M
Fifth Wall

Fifth Wall is an investment firm focused on technology for the built environment (PropTech), backing startups that make the spaces where people live, work, and play smarter, safer, and more energy efficient.

Both backed · 2
$250K – $100M
Initialized Capital

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.

Both backed · 2
$1M – $5M
Northzone

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.

$1M – $50M
▶37 more co-investors

Autotech VenturesPale Blue DotRET VenturesGeneral CatalystIndex Ventures8VCMatrixSpeedinvestLakestarTarget GlobalAnthemis VentureGiant Ventures Global LlpLa FamigliaChicago VenturesFifty YearsBootstrapLabsBreegaNazcaBuilders VCMusha VenturesredalpineSeayaSand Hill AngelsJungle VenturesPi LabsCore Venture CapitalArcTern VenturesCocoaZeno VenturesUnknown VenturesUberQuiet CapitalLowercase CapitalMerus CapitalSunshine LakeNorrsken VCIterative Instinct Capital

Firms observed investing alongside Foundamental, from public investor directories. Shared companies are the overlap with Foundamental's recorded portfolio.

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