Are you ready to change the construction industry? Foundamental, a German venture capital firm, has launched a new fund that will invest $85 million in early-stage building technology companies worldwide. Now is the moment to invest, with venture capital financing in US construction tech startups hitting $1.3 billion in H1 2022, a 44% increase over H2 2021. Foundamental plans to invest in companies in pre-seed, seed, Series A, and Series B rounds, with check sizes limited to $3.5 million. Don’t miss out on this fantastic opportunity to be a part of the building technology revolution.
Foundamental, a German venture capital firm, has launched a new fund that will invest $85 million in early-stage building technology companies worldwide. This comes as venture capital funding in US construction tech startups hit $1.3 billion in the first half of 2022, up 44% from the second half of 2021.
Foundamental, which was launched in Berlin in 2018, intends to invest in pre-seed, seed, Series A, and Series B rounds, with check sizes up to $3.5 million. The company is focusing on Latin America and “historically overlooked verticals” such housing, skilled labor, and public/private infrastructure. Foundamental hopes to amass a “bigger portfolio” of 40–50 enterprises.The firm has seen success in the past, with seven of its 64 investments achieving a $100m-plus run-rate, and 81% of its investments going on to raise subsequent funding. In the past three years, Foundamental has also seen four exits and one unicorn.
Foundamental is not the only company attempting to capitalize on the rise of building technology. Building Ventures recently announced the closing of a $95 million fund for construction tech and real estate entrepreneurs, while Agya Ventures announced a $32 million fund.
Foundamental’s limited partners are “global names from the building and construction ecosystem,” but the firm will not publish their identities. This new fund will allow Foundamental to continue assisting early-stage entrepreneurs in the construction IT industry while also driving innovation.
The establishment of Foundamental’s new fund is an important step forward for the building technology industry. The increase in venture capital funding, combined with Foundamental’s track record of success and emphasis on early-stage entrepreneurs, makes now an appealing time for startups looking to innovate and disrupt the construction industry. With a goal of a “larger portfolio” of about 40–50 firms, Foundamental is ideally positioned to support greater growth and success in the sector.