Fundraising Fox
Underdog Labs
Venture capitalActively deployingSan Francisco · Pre-Seed–Seed · 6 people tracked
Find your way into Underdog Labs
1,343 people in our graph share verified history with the Underdog Labs team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Underdog Labs is a pre-seed fund focused on helping visionary entrepreneurs create and scale companies. It invests very early in belief-driven founding teams motivated by a long-term mission that have identified a winnable initial opportunity, typically in fundraising rounds of $1M or less and often pre-product or pre-monetization. The firm concentrates on areas where it understands distribution channels, such as B2B software and consumer businesses, and rarely invests in hardware manufacturing or businesses requiring regulatory approval. The general partners actively support founders, leveraging a 25-year relationship and a proven playbook built across more than 100 investments.
Source: firm website, verified Sep 20, 2026.
Team · 6 people
from the firm's website & curated & public directories
Founder mafia
2 people who came through Underdog Labs went on to found or lead other companies.
What they invest in
from 19 of 23 portfolio companiesAI & Machine Learning ×11Enterprise Software ×10SaaS ×9Healthtech ×5Digital Health ×4Fintech ×4Future of Work ×3HR Tech ×3
HQs:United States×15Spain×2Israel×1
Investments · 23 tracked
founders shown can be your intro pathBy year:2026 · 32024 · 12022 · 22021 · 52020 · 415 dated
Altro provides a mobile card that offers users a small line of credit to pay for subscriptions they already have, allowing them to build credit histories without traditional lending products.
FintechLos Angeles, US
Michael Broughton(Co-founder)inAyush Jain(Co-founder)in
Co-investorsAlumni VenturesBasecamp FundEvolution VC PartnersKapor CapitalOpen Opportunity FundOssian Capital+15 more
Arbital Health provides a platform for managing value-based care (VBC) contracts, unifying claims, utilization, benchmark, and contract data with actuarial tools, predictive models, and a conversational "Actuarial AI" for real-time performance monitoring and risk analysis.
AI & Machine LearningDigital HealthHealthtechSan Francisco, US
Brian Overstreet(Co-founder)inTravis May(Co-founder)in
BoardScott Rosen(Director)inIan Duncan(Director)
Co-investorsHealthy VenturesTRANSFORMATION CAPITALFlex Capital Partners
Campground provides a platform for social impact programs and nonprofit organizations to consolidate fragmented tools and manage program data, allowing teams to focus on outcomes rather than administrative overhead.
EdTechEnterprise SoftwareFuture of WorkGovTechHR TechImpact & Social GoodSaaS
Sruti Bharat(CEO)in
Co-investorsBrass Ring VenturesPrecursor Ventures
Compose.ai offers a Chrome extension that uses artificial intelligence to autocomplete text across web applications, functioning similarly to email autocompletion tools but with broader applicability.
AI & Machine LearningEnterprise SoftwareFuture of WorkSan Francisco, US
Michael Shuffett(Founder / CEO)inWilson Mitchell(Founder)in
Co-investorsRoot and Shoot VenturesY CombinatorCraft VenturesLaunch House
Coworked provides Harmony, an AI agent that serves as a project manager for enterprise teams.
AI & Machine LearningEnterprise SoftwareSaaSBellingham, US
ShawninRaviinSulakinShawn D. Harris(Founder)in
Co-investorsOpen Opportunity FundTechstarsTwo Ravens
Finta provides automated bookkeeping, tax filing, and financial reporting software designed for US-based startups.
Enterprise SoftwareFintechSaaSSan Francisco, US
Co-investorsY CombinatorGarage CapitalSandhill (ex Stonks)UpHonest CapitalZeno Ventures
Inspectify provides property inspection, valuation, and underwriting services through a nationwide platform, serving real estate operators, lenders, insurers, and property managers across the property lifecycle.
Data & InfrastructureEnterprise SoftwareMarketplacesPropTechSaaSSeattle, US
Josh Jensen(Founder)inDenis Bellavance(Founder)in
BoardKurt Ramirez(Director)inMatthew McElhattan(Director)
Co-investorsNine Four VenturesY CombinatorAsymmetry VenturesBlue Sea CapitalBragiel BrothersDC Investment Partners+3 more
Keebler Health, founded in 2023, is a healthcare company focused on improving efficiency and efficacy in the healthcare industry.
AI & Machine LearningDigital HealthHealthtech
Isaac Park(CEO)inAndrew Stickney(COO)inKevin Hill(CTO)inTerrell Bacchus(CMO)in
Co-investorsFlare Capital PartnersHustle FundHypothesisNew Stack VenturesPrimordial VenturesTau Ventures+8 more
LOANtuitive offers Connect AI, an AI assistant that matches loan brokers' financing requests against a database of over 1,000 loan programs from banks, credit unions, and private lenders to surface the strongest lender matches in real time.
AI & Machine LearningFintechSaaS
Co-investorsAscend Venture CapitalRevelry Venture Partners
Nowadays is an AI-powered platform for corporate event planning that handles tasks from venue sourcing to budget management.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US
Anna Sun(CEO)inAmy Yan(COO)inAnthony Puterman(Cofounder)Justin Tidwell(Cofounder)inDominik Grabinski(Executive Officer, Director)Max Elder(Director)
Co-investorsThe E14 FundY CombinatorBasis Set VenturesCornucopian Capital ManagementDecacorn CapitalFAST — by GETTYLAB+8 more
Pangea is a language-learning app that uses AI to help users practice speaking and writing in a target language, including an always-available chatbot (Pangea Bot), conversation games, and adaptive solo practice.
AI & Machine LearningConsumerEdTechBarcelona, ES
Will Jordan-Cooley(Founder & CEO)inBrord Van Wierst(Chief Information Security Officer)in
Co-investorsBallistic VenturesChicago VenturesLighthouse Network Ventures LlcHyperion VenturesJump CapitalOCA Ventures+2 more
Madrid-based travel store combining a bookshop, travel agency and digital sales points across a 1,500 m² location.
Madrid, ES
David Hernandez Pumarega(Founder)in
Co-investorsAthos CapitalAxon Partners GroupFaraday Venture PartnersInderhabsAsymmetric Capital PartnersBallistic Ventures+2 more
Pangea Biomed develops computational and data-driven platforms to advance precision oncology, helping researchers and clinicians select optimal cancer treatments and understand tumor biology.
AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesHaifa, IL
EyalZe'evEytan
Co-investorsNFXBallistic VenturesIDEA Fund PartnersPJCSyn Ventures Seed Management LlcUnpopular Ventures
Pangea is a platform that connects teams with top talent and enables workers to find opportunities with flexible work arrangements.
AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechMarketplacesNew York City, US
Adam Alpert(Founder)inJohn Tambunting(Founder)in
Co-investorsPJCY CombinatorAsymmetric Capital PartnersIDEAIFPSandwith Ventures, LLC+2 more
A lifestyle and parenting blog featuring articles on motherhood, childcare, beauty products, and family wellness.
ConsumerHR TechMedia & EntertainmentWellness & FitnessNew York City, US
Genevieve Bellaire(Founder)in
Co-investorsTechstarsBezos ExpeditionsFitz Gate VenturesHuman VenturesKnightsgate Ventures
Tennibot operates in racquet sports and robotics, though specific details about the company's products, services, or market focus are not provided on this page.
AI & Machine LearningHardwareIoTRoboticsSports TechAuburn, US
Haitham Eletrabi(Co-founder & CEO)inLincoln Wang(CTO & Co-founder)in
Co-investorsBantam GroupTechstarsUntapped Capital
Tennr provides an AI-powered platform for pre-visit patient processing and healthcare referral management that integrates with EHR systems and reduces patient delays and denials.
AI & Machine LearningEnterprise SoftwareHealthtechSaaSNew York City, US
Trey Holterman(Founder)inDiego Baugh(Founder)inTyler Johnson(Founder)in
Co-investorsAllison Pickens VenturesAndreessen HorowitzChemistryFoundation CapitalGV (Google Ventures)ICONIQ+6 more
TermScout provides contract intelligence software that analyzes agreements, benchmarks commercial terms against market data, and generates risk signals to help legal, sales, and procurement teams execute deals faster.
Data & InfrastructureEnterprise SoftwareLegalTechSaaSDenver, US
Brian Schwalm(Executive Officer)Mark D. Frank(Executive Officer)Christopher Burton(Executive Officer)Chris Silvestri(Executive Officer, Director)
BoardHoward Diamond(Director)Nancy Pierce(Director)
Co-investorsGround Up VenturesLegalTechNFXRockies Venture ClubTechstarsBridge Investments
Tupelo is a marketplace and platform for buying and selling businesses, serving business brokers, buyers, and sellers.
B2B MarketplacesEnterprise SoftwareFintechMarketplacesSaaSSan Francisco, US
George Wellmer(Founder)inZac Wellmer(Founder)in
Co-investorsY CombinatorTejas Manohar Angel LP
Wyndly provides personalized allergy treatment through board-certified doctors, delivering clinical immunotherapy and testing directly to patients' homes without requiring office visits.
Digital HealthHealthtechWellness & FitnessNew York City, US
Aakash Shah(Founder, CEO)inManan Shah(Founder, Chief Medical Officer)in
Co-investorsCivilization Ventures Management, LlcImmeasurableY CombinatorBeagle VenturesGoodwater CapitalSide Door Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
FloVision SolutionsFlowasteHealthTech
Portfolio news
latest coverage across their companiesNowadays · ycombinator.com · Jun 16, 2026
Keebler Health · finsmes.com · Apr 15, 2026
Arbital Health · prnewswire.com · Jul 29, 2025
Tennr · thesaasnews.com · Jun 20, 2025
Frequently asked questions
- How many investments has Underdog Labs made?
- Underdog Labs has 23 tracked investments, 1 of which have exited, including 3 dated in the last 24 months.
- What stage does Underdog Labs invest at?
- Underdog Labs invests at the Pre-Seed, Seed stages.
- What is Underdog Labs's typical check size?
- Underdog Labs typically writes checks of $5K – $1M.
- What sectors does Underdog Labs focus on?
- Underdog Labs focuses on AI & Machine Learning, Consumer, Enterprise Software, Healthtech, SaaS.
- Where is Underdog Labs located?
- Underdog Labs is headquartered in San Francisco, US.
- Does Underdog Labs lead rounds?
- Yes, Underdog Labs leads investment rounds.
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