Shub Bhattacharya brings an unusual combination of hands-on engineering experience designing oil and gas plants in the Middle East, plus his own failed e-commerce startup experience, to his venture investing at Foundamental—giving him deep firsthand knowledge of both complex project execution and founder mistakes. He co-hosts the "Practical Nerds" podcast where he shares detailed, no-spin investment theses on construction and infrastructure tech, and has a contrarian view that durable value in construction AI will come from data infrastructure and systems of record rather than thin AI-only applications.
About their Fund
Sectors
Proptech, Logistics, Marketplaces, Climate, SaaS
Rounds
Pre-Seed - Series A
Avg Check Size
$500k - $5 million.
Notable Investments
Foundamental is the only global early-stage fund dedicated solely to AECS (Architecture, Engineering, Construction, Supply chain) tech, treating construction and its adjacent markets as one integrated real-world system rather than generic construction tech. The fund caps its size around $80-90M to maintain concentrated, high-ownership positions (20-25%) in a small number of companies, with partners embedded across continents to capture local adoption cycles and back continental winners early.
Other partners at the fund
Notable Fund
Investments
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
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Defense
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Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
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Defense
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7
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Unknown
$100K - $5M
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Biotech
Health
Deeptech / Hardware
+
2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
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7
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Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
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2
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Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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