Berlin – While working at SMP, members of the YPOG team advised Foundamental on its latest EUR 2 million investment in the Spanish sustainable ConTech 011h which was made in the course of a EUR 10 million round. In addition to Foundamental, 011h raised further funds from other prominent venture capital investors. This matter was led by Stephan Bank and Daniela Machado.
"In the light of climate-related challenges, which are currently amplified by the pandemic, sustainable and affordable housing has become an important topic in the building industry," says Stephan Bank. "We are pleased to continue supporting Foundamental in its cross-border ventures," adds Daniela Machado.
Foundamental
Foundamental is an independent venture capital fund with offices in San Francisco, Singapore and Berlin, and is the largest global investor in construction technology. Foundamental recognizes global opportunities across markets, from Asia-Pacific over to Europe to North America, and partners with exceptional founders from the earliest stages throughout their venture life cycle.
011h
011h is a new-generation construction company. The company is revolutionizing the construction industry by using technology to build high-quality smart buildings and create healthy, sustainable lives. Founded in 2020, with an end-to-end construction model, 011h aims to lead the digitalization and industrialization of the construction sector to achieve reduced costs and timescales and greater reliability. 011h's philosophy relies on the establishment of a new model of collaboration within the construction industry, based on transparency and focusing on people.
Advisors Foundamental:
Dr. Stephan Bank, Partner
Daniela Machado, Senior Foreign Associate
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
