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Foundamental co-leads one of Europe s largest Seed rounds of 2020 for 011h, a tech-enabled general contractor

Share: BARCELONA, Spain and BERLIN, Dec. 14, 2020 /PRNewswire-PRWeb/  Foundamental, the largest global investor in construction technology, today announced that it has co-led a €10M Seed financing for 011h, a next-generation tech-enabled general contractor for high-quality, affordable and sustainable multi-family homes based in Europe. The company uses technology for the design and construction of sustainable, healthy, and affordable residential buildings. The round is among the ten largest Seed rounds in Europe in 2020. We are drawn to founders who fix the general contracting issue with full-service models built around an integrated tech and supplier stack and with sustainable supply chains , says Patric Hellermann, General Partner at Foundamental.

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