About Foundamental
Foundamental is a venture capital firm founded in 2019. It is primarily based out of Berlin, Germany. As of Oct 2025, Foundamental has invested in 70 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Real Estate and Construction Tech and High Tech. Most recently it participated in the $***** Series A round of Faktus Overall, Foundamental portfolio has seen 1 unicorn and 4 acquisitions, namely Infra.Market, Safe AI and HoloBuilder. A lot of funds co-invest with Foundamental, with names like Khosla Ventures sharing a substantial percentage of its portfolio. Foundamental has team of 12 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Foundamental's List of Top Investments
Foundamental has a portfolio of 70 companies, one of which is a Unicorn. Their most notable investments are in CalcTree and CalcTree.Their portfolio spans across United States, India, Germany and 15 more locations. They have invested in Enterprise Applications, Real Estate and Construction Tech, High Tech and 16 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Foundamental:
1. Infra.Market
Provider of diverse building and construction materials for project lifecycles. The company offers structural, finishing, and lifestyle products, including concrete, steel, and paints. It operates a multi-channel distribution network, serving both business-to-business and business-to-retail segments. The company provides a range of in-house and third-party brands.
Key facts about Infra.Market
- Founded Year: 2016
- Location: Thane (India)
- Annual Revenue: ₹18,600Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $806M
- Employee Count: 2,645 as on Aug 31, 2025
- Investors: Evolvence Equity Partners, Avendus and 279 Others
- Latest Funding Round: Series G, Nov 14, 2025, $*****
- Highlight: Editors' Pick
2. TazaPay
A cross-border payment solution that enables businesses to collect, hold, and pay seamlessly across international borders. It is offering a range of payment methods and a secure solution for global transactions. The platform supports diverse payment options, including cards and local payment methods, and empowers businesses to expand their cross-border reach. With its secure and compliant infrastructure, it facilitates global money movement for businesses.
Key facts about TazaPay
- Founded Year: 2020
- Location: Singapore (Singapore)
- Annual Revenue: $6.24M as on Mar 31, 2024
- Stage: Series B
- Total Funding till date: $57.9M
- Employee Count: 231 as on Mar 31, 2026
- Investors: GMO Venture Partners, Peak XV Partners and 18 Others
- Latest Funding Round: Series B, Mar 26, 2026, $*****
- Highlight: Editors' Pick
3. Q-Bot
Developer of robots that perform insulation below houses with timber floors. The machine can crawl under the house by an air hole and perform scanning to identify the right approach to insulation.
Key facts about Q-Bot
- Founded Year: 2012
- Location: London (United Kingdom)
- Annual Revenue: €2.46M as on Mar 31, 2022
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $14.5M
- Employee Count: 55 as on Mar 31, 2023
- Investors: 2050 Capital, ClearlySo and 85 Others
- Latest Funding Round: Series A, Jun 27, 2025, $*****
- Highlight: Editors' Pick
4. 011h
Provider of technology solutions for construction industry. It offers tech-enabled services like designing, cost calculation, supply chain management, construction monitoring, and much more. It uses digital technology to connect and streamline the construction process and stakeholders.
Key facts about 011h
Alice Technologies is a provider of AI-based construction planning software. Features include construction planning, scheduling, task management, cost management, and more. Additionally, it also provides information about crew size & types, equipment management, calenders, construction material, and more. The company's clientele includes Mortenson, DPR construction, BI Group, and AF Gruppen.
Key facts about Alice Technologies
- Founded Year: 2013
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $61.1M
- Employee Count: 81 as on Feb 28, 2026
- Investors: Rising Tide Fund, Lightspeed Venture Partners and 22 Others
- Latest Funding Round: Series B, Apr 11, 2023, $*****
- Highlight: Editors' Pick
Foundamental's Year-on-Year Investment Trends
Foundamental has invested in 70 companies over the last 8 years, with an average of 8 new investments annually in the last 5 years. In 2025, it made 7 investments. Its most recent first time investment was in GreenFortune Windows and Doors and most recent follow-on round was in Faktus.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 5 | 7 |
2024 | 6 | 4 | 10 |
2023 | 11 | 6 | 17 |
2022 | 14 | 8 | 22 |
2021 | 10 | 4 | 14 |
2020 | 8 | 1 | 9 |
2019 | 8 | 0 | 8 |
2018 | 1 | 0 | 1 |
Foundamental's Investments by Stage
Foundamental has made 39 investments in Seed stage with an average round size of $3.82M, 14 investments in Series A stage with an average round size of $10.3M and 7 investments in Series B stage with an average round size of $45.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 39 |
Series A | 14 |
Series B | 7 |
Note: We have considered here, only first round of investments
Foundamental's Investments by Sector
Foundamental has a diverse portfolio, with companies operating in the Real Estate and Construction Tech, Enterprise Applications, Consumer, Vertical SaaS and Retail. Notably, it has invested in 57 Tech companies, 55 Enterprise (B2B) companies, 36 Software companies and at least 21 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Real Estate and Construction Tech | 34 |
Enterprise Applications | 30 |
Consumer | 18 |
Vertical SaaS | 15 |
Retail | 9 |
Others | 62 |
Note: We have considered here, only first round of investments
Foundamental's Investments by Geography
Foundamental has made most investments in United States (18), followed by India where it has made 15 investments.Country | No. of Investments |
|---|---|
United States | 18 |
India | 15 |
Germany | 5 |
France | 4 |
United Kingdom | 4 |
Others | 15 |
Note: We have considered here, only first round of investments
Foundamental's recent investments
Foundamental has not made any investment in 2026 so far.Here are the most recent investments by Foundamental:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 31, 2025 | France | Series A | 8920 | ||
Jun 24, 2025 | Germany | Series B | 4234 | [+4] | |
May 28, 2025 | Australia | Seed | 6658 | [+3] | |
Apr 02, 2025 | India | Series A | 5935 | [+1] | |
Mar 25, 2025 | India | Seed | 1349 | [+4] |
Unicorns in Foundamental's Portfolio
Foundamental has 1 unicorn in its portfolio - Infra.Market. The most recent unicorn in their portfolio is Infra.Market which became a unicorn in 2021.Here is a list of unicorns in Foundamental's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Provider of diverse building and construction materials for project lifecycles | 2016 | Thane | Series G | fvvecgz |
Acquired companies in Foundamental's Portfolio
4 companies from Foundamental's portfolio have been acquired. The most recent acquisition was Safe AI in Jul 2025 by Pronto Technologies for $*****.Here are Foundamental's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 15, 2025 | Feb 12, 2019 | Series A | 5477 | |
Jun 07, 2021 | Aug 12, 2019 | Seed | 6328 | |
May 06, 2021 | Sep 18, 2019 | Series A | 2385 | |
Mar 12, 2020 | Jan 22, 2019 | Seed | 8509 |
Team profile of Foundamental
Foundamental has a team of 12 members including 2 Partners and 2 Principals located in Germany. Foundamental's team does not sit on the board of any company as of now.Here is a list of top team members in Foundamental:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berlin | HalaPlay, Hypernova Interactive and 1 more | ||
Partner | Berlin | - | ||
Principal | Berlin | - | ||
Principal | Berlin | - |
Co-investors of Foundamental
Over the past 8 years, 820 investors have co-invested in Foundamental's portfolio companies. This includes funds and angels.
- Invested before Foundamental: Y Combinator, Accel and 148 others have invested in rounds before Foundamental. There are 3 companies where Y Combinator has invested before Foundamental and 2 companies where Accel has invested before Foundamental.
- Top Co-investors of Foundamental: 217 investors entered a company along with Foundamental. These include investors like Khosla Ventures (3 companies).
- Invested after Foundamental: A total of 453 investors have invested in Foundamental's portfolio after their investments. Top Investors include Stride Ventures (3 companies), Mars Growth Capital (3 companies) and Pratithi Investments (2 companies).
Recent News related to Foundamental
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French neobank FAKTUS raises €56M to digitise construction finance across EuropeTech Funding News•Oct 31, 2025•Faktus, Insight Investment, BBC, Lakestar and 2 others
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Foundamental floats third construction tech fund, sharpens India focusVCCircle•Sep 17, 2025•Foundamental
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Enter Secures €20Million In Series B RoundStartup Rise EU•Jun 24, 2025•Enter, Coatue, Target Global, Partech Partners and 2 others
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Reneo snaps €600M to lead Germany’s brown-to-green real estate shiftTech Funding News•Feb 20, 2025•Reneo, Eurazeo, Lakestar, Foundamental and 4 others
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Sarepta Therapeutics Announces Inaugural $600 Million Senior Secured Revolving Credit FacilityBusiness Wire•Feb 14, 2025•Sarepta, JPMorgan Chase, Morgan Stanley, Barclays and 14 others
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Desteia Raises $8M in Seed FundingFinSMEs•Feb 05, 2025•Desteia, Autotech Ventures, Village Global, Foundamental and 2 others
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Desteia Leverages AI and Graph Theory to Alleviate Supply Chain DisruptionsCNW•Feb 04, 2025•Autotech Ventures, Nazca, Village Global, Foundamental and 3 others
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India's Infra.Market raises $121 million in pre-IPO funding roundStock Screener•Jan 23, 2025•Infra.Market, Tiger Global Management, Evolvence India, Foundamental and 8 others
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Infra.Market Bags INR 1,050 Cr In Pre-IPO Round At $2.8 Bn ValuationInc42•Jan 23, 2025•Infra.Market, Tiger Global Management, Evolvence India, Capri Loans and 10 others
