In today’s episode, Patric Hellermann, General Partner at Foundamental, shares a deep dive into the world of construction tech venture capital. As the largest early-stage investor in the sector globally, Foundamental has a front-row seat to a 30 billion dollar opportunity unfolding in real time.
Patric outlines why construction tech is defying broader VC trends. While many sectors have slowed due to macro uncertainty, construction continues to attract capital. Structural tailwinds, aging infrastructure, labor shortages, and climate demands are creating a surge of innovation. He explains how this resilience sets construction apart from the broader recession-hit VC ecosystem.
The episode also explores how unicorns in construction tech are evolving. Early winners built horizontal platforms or infrastructure layers, but the future belongs to those solving deep operational pain in vertical niches. Patric shares what investors now look for, how founder-fit has become more important than ever, and what happens inside a VC firm when a company starts to struggle.
From the anatomy of a standout construction tech founder to reflections on his favorite investors and personal ways of staying creative, Patric offers a rare behind-the-scenes look at modern VC thinking. Tune in to understand the forces shaping the next decade of construction innovation.