Draft:Foundamental
| Submission declined on 25 August 2024 by MaxnaCarta (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies.
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| Submission declined on 5 June 2024 by Chaotic Enby (talk). This submission does not appear to be written in the formal tone expected of an encyclopedia article. Entries should be written from a neutral point of view, and should refer to a range of independent, reliable, published sources. Please rewrite your submission in a more encyclopedic format. Please make sure to avoid peacock terms that promote the subject. Declined by Chaotic Enby 5 months ago. | |
Comment: External links should also be removed or converted to inline citations where appropriate. Greenman (talk) 20:16, 9 June 2024 (UTC)
- Comment: Needs a lot of cleanup to make it less promotional, also bare urls for references are nearly unreadable and external links shouldn't be in the body. Chaotic Enby (talk · contribs) 15:20, 5 June 2024 (UTC)
| Company type | Venture Fund |
|---|---|
| Industry | Venture Capital |
| Founded | 2018 |
Key people | Patric Hellermann, Founding Partner
Shubhankar Bhattacharya, General Partner Adam Zobler, General Partner |
| AUM | $150 million (2022) |
| Website | 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.[1]
History
[edit]Funds
[edit]Foundamental was formed in 2018 and closed its first early-stage fund capitalized at $65 million in 2019.[2][3] The firm closed its second early-stage fund capitalized at $85 million in 2022,[3][4][5] bringing its total capital commitments above $150 million as of 2022.[6]
Foundamental focuses on five B2B verticals: Construction, 3D and computer-aided design, renovation, blue-collar workforce and robotics, and supply chains and logistics.[7]
Investments
[edit]Foundamental invests globally in North America, Europe, Asia-Pacific, Latin America and Africa[2][8], aiming to be the first institutional investor.[9]
Notable companies funded early by Foundamental include Enter[10][11][12], Infra.Market[1][13][14][15], Mighty Buildings[16][17], Monumental[18][19], Snaptrude[20][21], Speckle[22][23], Tazapay[24][25], and Wiz Freight[26][27]
Portfolio
[edit]As of June 2024, Foundamental's portfolio companies were valued at an aggregate Fair value of $6.4 billion[28] (2022: $5.4 billion[6]). Foundamental stated its portfolio firms had raised equity-capital of $2.1 billion, and the firm had completed 128 investments[28] (2022: 61 investments[2]) in 22 countries globally.[29]
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.[3][6][29][30] Infra.Market had been profitable in 38 of the first 40 months after Foundamental had invested.[15]
Partners
[edit]As of 2022, Foundamental is managed by Founding Partner Patric Hellermann[15][31] and General Partners Adam Zobler and Shubhankar Bhattacharya.[32] Zobler was previously Managing Director at G Squared[33][34] and Bhattacharya served previously at leading Indian VC firm Kae Capital[35] as Partner.[36]
See also
[edit]References
[edit]- ^ a b Singh, Manish (2024-05-28). "MARS doubles down on India's Infra.Market with new $50M investment". TechCrunch. Retrieved 2024-06-05.
- ^ a b c Clawson, Trevor. "Building On It: Why A Berlin-Based VC Is Focused On Construction Tech". Forbes. Retrieved 2024-06-05.
- ^ a b c Sawers, Paul (2022-12-13). "Foundamental closes $85M fund for early-stage construction tech startups". TechCrunch. Retrieved 2024-06-05.
- ^ "Foundamental to double down on construction tech startups in L..." Inside. Retrieved 2024-06-05.
- ^ "Foundamental legt Fonds in Höhe von 85 Mio. US-Dollar a..." www.startup-insider.com (in German). Retrieved 2024-06-05.
- ^ a b c "Again seeking to disrupt the multi-trillion dollar construction industry, VC Foundamental closes its second fund at $85 million". Tech.eu. 2022-12-13. Retrieved 2024-06-05.
- ^ "Foundamental | The Global Investor in AEC and Construction Technology". www.foundamental.com. Retrieved 2024-06-05.
- ^ Njanja, Annie (2023-02-20). "Jumba, a Kenyan startup simplifying sourcing of construction supplies, raises $4.5M". TechCrunch. Retrieved 2024-06-05.
- ^ FinSMEs (2022-12-14). "foundamental-closes-second-fund-at-85m". FinSMEs. Retrieved 2024-06-05.
- ^ "Enter - Dein Rundum-Service für die energetische Sanierung 🌍". www.enter.de (in German). Retrieved 2024-06-10.
- ^ "Enter - Raised $27.1M Funding from 7 investors - Tracxn". tracxn.com. 2024-06-04. Retrieved 2024-06-05.
- ^ Butcher, Mike (2023-04-21). "Home energy assessment startup Enter raises €19.4M Series A to expand in Germany and beyond". TechCrunch. Retrieved 2024-06-05.
- ^ "Building and Construction Materials Supplier | Civil Material Suppliers in India - Infra.Market". InfraMarket - InfraMarket. Retrieved 2024-06-10.
- ^ "Investors Call It The 'Amazon Of Construction'. Meet The Builders Of Infra.Market, The Now $2.5 Billion Behemoth". Forbes India. Retrieved 2024-06-05.
- ^ a b c "Handelsblatt". www.handelsblatt.com. Retrieved 2024-06-05.
- ^ "Mighty Buildings - Beautiful, Sustainable Homes for All". www.mightybuildings.com. Retrieved 2024-06-10.
- ^ Goehrke, Sarah. "Mighty Buildings Raises $40 Million For Sustainable, Certified 3D Printed Housing". Forbes. Retrieved 2024-06-05.
- ^ "Monumental". www.monumental.co. Retrieved 2024-06-10.
- ^ "Startup emerges from stealth with $25 million for robots that lay bricks as fast as humans—and fill the huge shortage of laborers". Fortune. Retrieved 2024-06-05.
- ^ "Snaptrude | Design better buildings together". www.snaptrude.com. Retrieved 2024-06-10.
- ^ Singh, Jagmeet (2023-01-04). "Snaptrude gets VC backing to take on Autodesk in building design space". TechCrunch. Retrieved 2024-06-05.
- ^ "Speckle - The Platform For 3D Data". Speckle - The Platform For 3D Data. 2024-05-03. Retrieved 2024-06-10.
- ^ Miller, Ron (2022-04-14). "Speckle snags $5.5M seed to build open source platform for 3D drawings". TechCrunch. Retrieved 2024-06-05.
- ^ "Tazapay: Leading Cross-Border Payment Platform for Secure Collection, Hold, and Payout". tazapay.com. Retrieved 2024-06-10.
- ^ Shu, Catherine (2023-02-10). "Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay". TechCrunch. Retrieved 2024-06-05.
- ^ "Wiz | Digital Freight Forwarder for modern-day logistics". wizfreight.com. Retrieved 2024-06-10.
- ^ "Wiz Freight Announces INR 125 Crore Series B Funding led by Japanese Venture Capital SBI Investment & Nippon Express - Maritime Gateway". 2024-02-01. Retrieved 2024-06-05.
- ^ a b "Foundamental | Portfolio". www.foundamental.com. Retrieved 2024-06-05.
- ^ a b "The database". The database. Retrieved 2024-06-05.
- ^ "Foundamental closes $85M fund for early-stage construction tech startups". Yahoo Life. 2022-12-13. Retrieved 2024-06-05.
- ^ "TIS - Technology & Innovation Summit 2024". www.innovation-center.com. Retrieved 2024-06-05.
- ^ "Foundamental closes $85 million fund to invest in early-stage construction tech startups - Tech Startups". 2022-12-13. Retrieved 2024-06-05.
- ^ "G Squared". G Squared. Retrieved 2024-06-10.
- ^ "Adam Zobler: Positions, Relations and Network - MarketScreener". ca.marketscreener.com. Retrieved 2024-06-05.
- ^ "Home - Kae Capital". kae-capital.com. 2022-11-09. Retrieved 2024-06-10.
- ^ "Six Things To Remember As An Entrepreneur To Avoid Rejection". timesofindia.indiatimes.com. Retrieved 2024-06-05.
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