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. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
