Draft:Foundamental

Foundamental is a global venture capital firm. It was founded in 2018 and manages $150 million in capital commitments as of 2022. Foundamental focuses on venture investments in B2B technology sectors, including construction, 3D and computer-aided design, renovation, workforce, robotics, and supply chains and logistics. Foundamental was early investor in Infra.Market, last valued at $2.5 billion in May 2024.

Funds
Foundamental was formed in 2018 and closed its first early-stage fund capitalized at $65 million in 2019. The firm closed its second early-stage fund capitalized at $85 million in 2022, bringing its total capital commitments above $150 million as of 2022.

Foundamental focuses on five B2B verticals: Construction, 3D and computer-aided design, renovation, blue-collar workforce and robotics, and supply chains and logistics.

Investments
Foundamental invests globally in North America, Europe, Asia-Pacific, Latin America and Africa, aiming to be the first institutional investor.

Notable companies funded early by Foundamental include Enter , Infra.Market  , Mighty Buildings  , Monumental  , Snaptrude  , Speckle  , Tazapay  , and Wiz Freight

Portfolio
As of June 2024, Foundamental's portfolio companies were valued at an aggregate Fair value of $6.4 billion (2022: $5.4 billion ). Foundamental stated its portfolio firms had raised equity-capital of $2.1 billion, and the firm had completed 128 investments (2022: 61 investments ) in 22 countries globally.

Seven of Foundamental's portfolio firms have achieved more than $100 million in annual revenues. 81% of the startups Foundamental invested in have graduated to receive follow-on funding. Infra.Market had been profitable in 38 of the first 40 months after Foundamental had invested.

Partners
As of 2022, Foundamental is managed by Founding Partner Patric Hellermann and General Partners Adam Zobler and Shubhankar Bhattacharya. Zobler was previously Managing Director at G Squared and Bhattacharya served previously at leading Indian VC firm Kae Capital as Partner.