Foundamental
Foundamental is a Berlin-founded global venture capital firm investing exclusively in AEC (architecture, engineering and construction), construction technology, heavy supply chains and lot-size-one manufacturing. Founded in January 2019 by Patric Hellermann, Shubhankar Bhattacharya and Adam Zobler, it backs pre-seed to Series B founders across Europe, Asia-Pacific, North America and Latin America with first cheques of roughly USD 0.5-5M. Its portfolio spans 145 investments across 22 countries and includes unicorn Infra.Market.
AUM
€250M
Funds
3
vintages 2019–2024
Portfolio
43
Exits
6
SectorsSoftwareIndustrialsBusiness Services
Key facts
Recent exits
Coverage notes
3 funds tracked, 49 portfolio companies (43 active · 6 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Foundamental has raised, with its portfolio companies. Hand-checked from public filings.
3 funds
Foundamental Fund IIIVC2024 · 2yr€110M4 active
Foundamental Fund IIVC2022 · 4yr€78M22 active
Unrealized
22 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| CalcTree | Software | Australia | 2023 |
| Conversant | Software | United States | 2023 |
| Cutr | Software | Netherlands | 2022 |
| Desteia | Logistics | Mexico | 2023 |
| Earlytrade | Fintech | Australia | 2022 |
| Enter | Software | Germany | 2022 |
| GoCement | Industrials | United States | 2022 |
| GoodHome | E-commerce | India | 2022 |
| Jumba | Industrials | Kenya | 2023 |
| Mattoboard | Software | United States | 2022 |
| Metalbook | Industrials | India | 2022 |
| Monumental | Deep Tech | Netherlands | 2022 |
| Nuqlea | Industrials | Argentina | 2023 |
| PermitFlow | Software | United States | 2022 |
| Plans | Software | Denmark | 2022 |
| PowerUs | Business Services | Germany | 2022 |
| Prolance | Software | India | 2022 |
| Rayon | Software | France | 2022 |
| Reneo | Software | Germany | 2022 |
| Snaptrude | Software | United States | 2022 |
| Vahak | Logistics | India | 2022 |
| Zaraye | Logistics | Singapore | 2022 |
CalcTreeActive
SoftwareAustralia· Entry 2023
ConversantActive
SoftwareUnited States· Entry 2023
CutrActive
SoftwareNetherlands· Entry 2022
DesteiaActive
LogisticsMexico· Entry 2023
EarlytradeActive
FintechAustralia· Entry 2022
EnterActive
SoftwareGermany· Entry 2022
GoCementActive
IndustrialsUnited States· Entry 2022
GoodHomeActive
E-commerceIndia· Entry 2022
JumbaActive
IndustrialsKenya· Entry 2023
MattoboardActive
SoftwareUnited States· Entry 2022
MetalbookActive
IndustrialsIndia· Entry 2022
MonumentalActive
Deep TechNetherlands· Entry 2022
NuqleaActive
IndustrialsArgentina· Entry 2023
PermitFlowActive
SoftwareUnited States· Entry 2022
PlansActive
SoftwareDenmark· Entry 2022
PowerUsActive
Business ServicesGermany· Entry 2022
ProlanceActive
SoftwareIndia· Entry 2022
RayonActive
SoftwareFrance· Entry 2022
ReneoActive
SoftwareGermany· Entry 2022
SnaptrudeActive
SoftwareUnited States· Entry 2022
VahakActive
LogisticsIndia· Entry 2022
ZarayeActive
LogisticsSingapore· Entry 2022
Foundamental Fund IVC2019 · 7yr€55M17 active · 6 realized
Unrealized
17 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| 011h | Software | Spain | 2020 |
| Ackcio | Deep Tech | Singapore | 2019 |
| Brick & Bolt | Software | India | 2020 |
| CarbonBuilt | Industrials | United States | 2021 |
| Forge | Software | United States | 2021 |
| Graneet | Software | France | 2021 |
| Handoff | Software | United States | 2021 |
| Infra.Market | Industrials | India | 2020 |
| Infraprime Logistics (IPL) | Logistics | India | 2019 |
| Juno | Software | United States | 2021 |
| LocoNav | Logistics | India | 2019 |
| Novade | Software | Singapore | 2020 |
| Ofload | Logistics | Australia | 2020 |
| Onsite | Software | India | 2021 |
| Speckle | Software | United Kingdom | 2020 |
| Tazapay | Fintech | Singapore | 2021 |
| Wizfreight | Logistics | India | 2021 |
011hActive
SoftwareSpain· Entry 2020
AckcioActive
Deep TechSingapore· Entry 2019
Brick & BoltActive
SoftwareIndia· Entry 2020
CarbonBuiltActive
IndustrialsUnited States· Entry 2021
ForgeActive
SoftwareUnited States· Entry 2021
GraneetActive
SoftwareFrance· Entry 2021
HandoffActive
SoftwareUnited States· Entry 2021
Infra.MarketActive
IndustrialsIndia· Entry 2020
LogisticsIndia· Entry 2019
JunoActive
SoftwareUnited States· Entry 2021
LocoNavActive
LogisticsIndia· Entry 2019
NovadeActive
SoftwareSingapore· Entry 2020
OfloadActive
LogisticsAustralia· Entry 2020
OnsiteActive
SoftwareIndia· Entry 2021
SpeckleActive
SoftwareUnited Kingdom· Entry 2020
TazapayActive
FintechSingapore· Entry 2021
WizfreightActive
LogisticsIndia· Entry 2021
Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Dekoruma | E-commerce | Indonesia | 2020 | 2024 | Trade Sale | – | |
| HoloBuilder | Software | United States | 2019 | 2021 | Trade Sale | – | |
| Indus.ai | Software | United States | 2019 | 2021 | Trade Sale | – | |
| Reinvent | Software | Germany | 2019 | 2022 | Trade Sale | – | |
| SafeAI | Deep Tech | United States | 2019 | 2025 | Trade Sale | – | |
| Tul | Industrials | Colombia | 2021 | 2024 | Trade Sale | – |
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Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Patric Hellermann
General Partner (Co-founder), Europe
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