Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors.

Fund III’s mandate continues what we started with our inaugural fund in 2019, focusing on underserved sectors within the project economy such as construction, architecture, manufacturing, heavy-industry supply chains as well as aerospace and defence...