TLDR:
- Construction tech investor Foundamental is building its biggest fund yet, set to close around $120 million.
- This Berlin-based firm, led by co-founder and general partner Adam Zobler, is focused on investments in the construction industry.
Construction tech investor Foundamental is making waves in the venture capital world with the announcement of its biggest fund yet. The Berlin-based firm, led by co-founder and general partner Adam Zobler, is on track to close its third fund at around $120 million. This marks a significant milestone for Foundamental, signifying a growth in investor interest and confidence in the construction technology sector.
Adam Zobler exclusively shared with Venture Capital Journal that Foundamental plans to hold a final close on the fund soon. The firm’s focus on investments in construction technology, particularly in regions like China, Europe, and the USA, has garnered attention from big LPs such as Prudential and others.
With the construction industry experiencing rapid innovation and digital transformation, Foundamental’s strategic vision in this sector has proven to be successful. The firm’s commitment to supporting emerging technologies and disruptive startups in construction tech highlights the potential for significant growth and returns in this space.
Investors looking to capitalize on the evolution of construction technology and its impact on the global market are closely watching Foundamental’s progress as they prepare to close their biggest fund to date. With a strong track record and a clear investment thesis, Foundamental is poised to make a significant impact in the construction tech sector with their latest fund.
