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Foundamental

USDEGBFRNLSENODKEEESINSGAUNZAEOtherB2B SaaSAI/MLMarketplacesDeep TechEnterpriseOther

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Investment thesis

Foundamental is the global vertical technology investor for the 'project economy' — the CapEx-heavy sectors that rebuild the world: architecture, engineering & construction (AEC), infrastructure, renovation, 2D/3D and computer-aided design, heavy industry supply chains, and lot-size-1 manufacturing (shipbuilding, aerospace). Founded in January 2019 with $60M in commitments and grown to over $300M across three funds, the firm leads pre-seed, seed, and Series A rounds with first cheques of $500K–$5M, reserving more than 50% of each fund for follow-ons. Foundamental searches for 'vertical singularities' — category-creating companies that are initially invisible to generalist investors — across more than 22 countries spanning the Americas, Asia-Pacific, Europe, and Africa, leveraging deeply embedded local teams and global cross-border knowledge transfer as its core competitive advantage.

Notable quotes

I think there's a lot of value being created there or will be created there in the coming years — AI-powered sales assistants and product discovery tools matching buyers and suppliers for complex construction materials.

Adam Zobler · https://www.foundamental.com/perspectives/004-vertical-search-for-building-materials-cross-border-materials-sourcing-between-usa-and-latin-america-usa-constru-tech-vs-europe-with-adam-zobler-general-partner-foundamental · 2023

His KPI is to reply to every founder WhatsApp in less than 60 minutes. Actually, we almost always respond instantly.

Patric Hellermann · https://www.foundamental.com/philosophy · 2026-01

We came from a traditional VC background and were generalists. We had to understand the industry and its deep-tissue pain points.

Adam Zobler · https://www.foundamental.com/perspectives/building-on-it-why-a-berlin-based-vc-is-focused-on-construction-tech

Recent investments

CompanyRoundSizeDate
Infra.MarketSeed2020
SpeckleSeed$6m2020
SnaptrudeSeed2022
EnterPre-Seed2022
MetalbookSeed2022
PermitFlowSeed2022
MonumentalSeed$25m2024-02
FaktusSeed2024
Brick & BoltPre-Seed2020
TazapaySeed2021

Frequent co-investors

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