United States · 
Who invested in Fundamental?
Fundamental's investors include Battery Ventures, Salesforce Ventures, Valor Equity Partners, Headline and Oak HC/FT, and 4 more on record.
2027
$255MSeries A$225MVenture
United States · Venture startup
Who invested in Fundamental
2 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Raised 4 months agoValuation: $1.4B, Mar 2026
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Funding summaryUpdated 5 Nov 2026
$480Mraised across 2 rounds since 2026, from 3 sources
$255MSeries A$225MVenture
- Latest round
- Venture, $225MJul 2026
- Biggest round
- $255MSeries A · Feb 2026
- Investors
- 9 (4 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series A, $255M Feb 2026
- Biggest round
- $255M Series A · Feb 2026
- Between rounds
- 5 months from the last two
The rounds
- Jul 2026Venture$225M4 returning
Source recorded
- Feb 2026Series A$255M9 new
Battery VenturesLead
Salesforce VenturesLead
Valor Equity PartnersLead
Oak HC/FTLead
Headline- Olivier Pomel
- Aravind Srinivas
- Henrique Dubugras
- Hetz Ventures
Reported by TechCrunch and 1 other
Founders and team
From Fundamental's own website: 2 on the team.
- Jonathan von RuedenChief AI Officer of SAP SE
- Takashi SanoChief Investment Officer at Mitsubishi UFJ Financial Group
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Series A2026Venture2026Battery VenturesLSalesforce VenturesLValor Equity PartnersLHeadlineOak HC/FTLOlivier PomelAravind SrinivasHenrique DubugrasHetz Ventures
Battery VenturesLSalesforce VenturesLValor Equity PartnersLHeadlineOak HC/FTLOlivier PomelAravind SrinivasHenrique DubugrasHetz VenturesEveryone who backed them
Olivier PomelVC firm1round
Aravind SrinivasVC firm1round
Henrique DubugrasAngel1round
Hetz Venturesno record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 8 firms list Fundamental as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Fundamental
How much has Fundamental raised?
Fundamental has raised $480M across 2 rounds since 2026.
When did Fundamental last raise?
Fundamental's most recent round was a Venture of $225M in Jul 2026.
What was Fundamental's biggest round?
Fundamental's largest round on record is $255M (Series A), in Feb 2026, led by Battery Ventures.
Who backed Fundamental first?
Fundamental's first round on record, in Feb 2026, was backed by Battery Ventures, Salesforce Ventures and Valor Equity Partners and 6 others.
What stage is Fundamental at?
Fundamental's latest named round is a Venture, in Jul 2026.
Where is Fundamental based?
Fundamental is based in the United States.
Who led Fundamental's rounds?
Battery Ventures led the Series A in 2026.
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