Editorial Perspective
Foundamental is the apex predator of the project-based economy. They do not fund lightweight SaaS or generic efficiency apps. If your GTM relies on forcing a standard horizontal software playbook into the built environment, they will pass. They explicitly hunt "vertical singularities" in CapEx-heavy, atom-stacking industries (construction, infrastructure, heavy manufacturing) that look entirely illogical to generic VCs but are painfully obvious to domain insiders. To survive their Day Zero diligence for a $5M cheque, you cannot just pitch software efficiency; you must prove you are managing capacity, inverting cost models, or acting as a tech-enabled vertical integrator. If you aren't solving un-google-able industrial problems, you are unfundable here.
Investment Profile.
Check Size
£0.5M–£5.0M
Active Fund Vintage
2024
Investment Stages
Pre-Seed, Seed
Headquarters
London, UK
Investment Strategy.
The complete funding journey. This firm focuses on stages highlighted below.
Pre-Seed
$10K–$1M
Stage Focus
Proof of concept / Prototype
Growth Elements
- →Hiring
- →Product development
- →Early validation
Seed
$500K–$3M
Stage Focus
Product-market fit
Growth Elements
- →Hiring
- →Product iteration
- →Initial traction
Series A
$5M–$15M
Stage Focus
Revenue growth & scale
Growth Elements
- →Hiring
- →Development
- →Operations
- →Branding & Marketing
Series B
$15M–$50M
Stage Focus
Growth & expansion
Growth Elements
- →Hiring
- →Market expansion
- →M&A exploration
Series C
$50M–$200M+
Stage Focus
Large-scale expansion
Growth Elements
- →International markets
- →Acquisitions
- →Scale operations
Check Size for This Fund
£0.5M–£5.0M
Typical check size across all stages. Size may vary by stage and fund vintage.
Notable Portfolio.
Infra.Market
Procore
PlanRadar
Buildots
Recent Activity.
FieldAI (Seed, Jul 2025)
GreenFortune Windows & Doors (Seed, 2025)
Faktus (Follow-on, Oct 2025)
Investment Team.
Tomas M. Krogh
Fractional Chief Commercial Officer
I specialize in taking founder-led commercial engines apart until only the parts that work are left standing. Before advising, I operated-scaling a business from zero to the FT1000 list three years running and facilitating 10 billion DKK in property transactions. I don't write polite advisory decks; I give you the exact commercial reality check you need before an investment committee does it for you.
Commercial intelligence last verified on 21 April 2026. Public deal activity sourced via Crunchbase/Dealroom.