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The Venture Codex

Foundamental

Budapester Straße 5, Berlin, 10787, Germany

Overview

Vertical technology investment firm focused on early-stage builders.

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

France
Germany
India
United States

Sector focus

Architecture
Building Maintenance
Construction
Home Improvement
...

Investment portfolio

46rounds
NAMEDATESIZE
Kuro
Sep 2026Participated
$11 MSeed
Rayon
Sep 2026Participated
$11 MSeries A
FAKTUS
Oct 2025Led
$65 MDebt
Enter
Jun 2025Participated
$23 MSeries B
CalcTree
May 2025Led
$3 MSeed
Reneo
Feb 2025Participated
$53 MSeries B
Desteia
Feb 2025Participated
$8 MSeed
VARM
Jul 2024Participated
$6 MSeed
Aeria
Mar 2024Led
$2 MSeed
Monumental
Feb 2024Participated
$25 MOther Equity
Nuqlea
Feb 2024Led
$0.75 MSeed
Snaptrude
Nov 2023Led
$14 MSeries A
Kuro
Sep 2026Participated
$11 MSeed
Rayon
Sep 2026Participated
$11 MSeries A
FAKTUS
Oct 2025Led
$65 MDebt
Enter
Jun 2025Participated
$23 MSeries B
CalcTree
May 2025Led
$3 MSeed
Reneo
Feb 2025Participated
$53 MSeries B
Desteia
Feb 2025Participated
$8 MSeed
VARM
Jul 2024Participated
$6 MSeed
Aeria
Mar 2024Led
$2 MSeed
Monumental
Feb 2024Participated
$25 MOther Equity
Nuqlea
Feb 2024Led
$0.75 MSeed
Snaptrude
Nov 2023Led
$14 MSeries A
46
Items
...
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Insights

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Deal Distribution

Foundamental: 46 funding rounds are recorded in the selected participation categories.All available history.
Foundamental: 46 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed913
Series A310
Series B15
Series C+01
Other Equity03
Debt10

Monthly Deal Activity

Foundamental: 46 deals are recorded across 95 months.All available history.
Foundamental: 46 deals are recorded across 95 months. All available history
MonthDeals
Dec '181
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '202
Jan '210
Feb '212
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '211
Sep '211
Oct '212
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '221
May '221
Jun '222
Jul '221
Aug '222
Sep '220
Oct '220
Nov '220
Dec '221
Jan '232
Feb '232
Mar '231
Apr '232
May '231
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '231
Dec '230
Jan '240
Feb '242
Mar '241
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '252
Mar '250
Apr '250
May '251
Jun '251
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '262
Oct '260

Sector Breakdown

Foundamental: Real Estate & Construction is the largest displayed sector by deal count (35 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Foundamental: Real Estate & Construction is the largest displayed sector by deal count (35 deals). All available history
SectorDeals
Real Estate & Construction35
Enterprise Software16
Clean Energy & Sustainability8
Networks, Cloud & Communication7
E-Commerce & Retail6
Transportation & Logistics6
AI & Machine Learning6
Space & Frontier Tech4
Fintech4
Manufacturing4
Consumer & Lifestyle3
Professional Services3
AR/VR2
Data, Analytics & IT2
Hardware & Robotics2
Social & Community Platforms2
Education & Workforce1

Deal Size Distribution

Foundamental: 46 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Foundamental: 46 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M15
$5M-$10M9
$10M-$25M12
$25M-$50M6
$50M-$100M2
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Foundamental: Europe has the largest recorded deal count among the displayed regions (19 deals).All available history.

Top 10 of 10 regions; European countries are grouped as Europe.

Foundamental: Europe has the largest recorded deal count among the displayed regions (19 deals). All available history
RegionDeals
Europe19
United States13
India7
Vietnam1
Colombia1
Argentina1
Australia1
Singapore1
Kenya1
United Arab Emirates1
Foundamental: 20 co-investors are shown, with Partech sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Foundamental: 20 co-investors are shown, with Partech sharing 5 recorded deals. All available history
Co-investorShared deals
Partech5
Accel4
A/O PropTech3
Axilor Ventures3
Coatue3
Northzone3
RTP Global3
Seedcamp3
Tiger Global3
8VC2
Arali Ventures2
Arkin Holdings2
Elefund2
Evolvence India Fund2
Gaingels2
Global Founders Capital2
Khosla Ventures2
Lakestar2
Nexus Venture Partners2
noa2

Investment Strategy

Foundamental: Led accounts for 30% and participating for 70% of round participation.All available history.
Foundamental: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led1430%
Participating3270%
Foundamental: Single-lead accounts for 29% and co-led for 71% of lead dynamics.All available history.
Foundamental: Single-lead accounts for 29% and co-led for 71% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead429%
Co-led1071%

Team

Adam Zobler

General Partner

Patric Hellermann

General Partner

Shubhankar Bhattacharya

General Partner