Foundamental

foundamental.com

First partner to exceptional founders daring the project economy globally. They invest in CapEx-heavy project markets including infrastructure, architecture, engineering & construction (AEC), heavy supply chains, and lot-size-1 manufacturing in shipbuilding, aerospace and defence.

Check Size

$500K - $5M

Stages

Pre Seed, Seed, Series A, Series B

Focus Areas

Industrials, Manufacturing, Logistics Supply Chain

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Investment Thesis

Foundamental believes in chasing ‘vertical singularities’ in project-based sectors that are hidden to generic outsiders but obvious to industry insiders. They reject herd heuristics and generic venture approaches, instead building deep conviction through 365 days per year of market immersion. They focus on identifying legendary companies in ‘atoms wrapped in projects’ - sectors like construction, infrastructure, and manufacturing where nuance and hidden details create compounding advantages.

What Sets Them Apart

Vertical specialization in project-based sectors (construction, infrastructure, AEC) rather than generic tech investing
Deep domain expertise from team's past lives in energy, chemicals, building materials, automotive industries
Global presence across 22 countries with local market embedding while maintaining cross-border knowledge transfer
Early-stage focus with cheques from $500k-$5M in pre-seed, seed, and Series A rounds
Reserve 50%+ of funds for follow-ons, enabling significant participation in later rounds
'Hidden in spite of obvious' framework to identify vertical singularities before they become obvious to competitors
Emphasis on capacity ownership and thick-slice value capture rather than thin software efficiency plays
Small, unified weekly investment committee enabling decisive action