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
About us
YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 150 experienced attorneys, tax advisors and tax specialists and a notary, in four offices, located in Berlin, Hamburg, Cologne, and Munich.
