Foundamental is a global investor focused on construction technology, architecture, engineering, and design technology.
Portfolio
2
companies
AUM
£150M
under management
Q-Bot
Robotics provider for the construction and energy sectors
Speckle
Speckle provides a data hub and collaboration platform for the architecture and engineering sector.
Rani Saad
Managing Partner
Patric Hellermann
General Partner
Patric brings venture capital and operational experience from Foundamental, Heidelberg Materials, and thyssenkrupp. He previously founded Hellermann and Company and serves as co-founder of a stealth venture.
LinkedInAddition led the Series A round with backing from several existing investors.
"From what began as a simple Grasshopper plugin for sharing 3D models, Speckle evolved into a transformative company built on top of a powerful open-source community that addresses critical pain points in the AEC industry, Today, our goal is to be a reliable data partner for data connectivity, real-time collaboration and workflow automation."
The seed round was co-led by Frontline Ventures and Matrix Partners with participation from Foundamental.
"Software is finally eating the world of atoms and Speckle is at the forefront of bringing the power of code to the physical world. Dimitrie and Matteo are building the tools that will design the buildings, infrastructure and machinery of the modern world."
The oversubscribed round was backed by Wealth Club, EMV Capital and Foundamental.
"I am delighted that we have found a group of investors who share Q-Bot's vision to become the world leader in robotic solutions that inspect and apply materials to buildings. From surveying tower blocks to manoeuvring around under suspended floors to apply insulation, Q-Bot's technology is being used to transform processes across the construction sector. Our customer-led approach, paired with a unique combination of robotics, AI and building expertise, has allowed us to identify a huge commercial opportunity to disrupt the status quo and in doing so, strengthened the potential to have a positive social and environmental impact. The successful closing of our latest investment round will allow us to accelerate our growth plans, move into new markets and expand our technology portfolio."
