Fundraising Fox
Underline Ventures
Venture capitalBucharest · Pre-Seed–Seed · 13 people tracked
Also known as Underline
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Investment thesis
Underline Ventures invests at the seed stage — including pre-seed, seed and late seed — typically co-investing with other investors it can help founders identify. Its average cheque size is around $500,000. Beyond capital, the firm supports founders in defining strategy, setting milestones and prioritizing as their companies move from seed toward Series A, and connects them with additional capital and talent. The firm emphasizes founder control, aligning its interests with founders for the long term while offering a constructive, critical perspective.
Source: firm website, verified Aug 3, 2026.
Team · 13 people
from the firm's website & curated
What they invest in
from 20 of 30 portfolio companiesAI & Machine Learning ×15SaaS ×12Enterprise Software ×7Marketing Tech ×4Data & Infrastructure ×3Developer Tools ×3Advanced Manufacturing ×2Creator Economy ×2
HQs:United States×5Germany×2United Kingdom×2Romania×2Switzerland×1Ukraine×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×22 founders×53 founders×24+ founders×1
Where their founders studiedfrom 14 founders with education data
University POLITEHNICA of Bucharest ×4
What their founders studiedfrom 17 founders with field-of-study data
Computer Science ×10Engineering ×4Business & Management ×2Economics ×2
Where their founders worked beforefrom 17 founders with career history
Fitbit ×3T-Me Studios ×3Gheorghe Asachi Technical University of Iași ×2Vector Watch ×2
Investments · 30 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 22024 · 32023 · 32022 · 22020 · 22019 · 32018 · 119 dated
An educational content platform that publishes curated Bible verses and spiritual guidance, with a complementary mobile app that provides biblical teachings and daily devotional content.
AI & Machine LearningConsumerEdTechHealthtechMedia & EntertainmentMental HealthSocialWellness & Fitness
Laurentiu Balasa(Co-founder)inMarius Iordache(Co-founder)in
Co-investorsEarly Game VenturesSilicon GardensTrue VenturesPlay Ventures
Almetra (rebranded as Deltia) builds AI-powered analytics and monitoring systems for manufacturing operations, combining computer vision and sensor data to help factories identify bottlenecks and improve productivity.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareBerlin, DE
Max Fischer(Co-founder and CEO)in
Co-investorsCavalry VenturesCombination VCRobin Capitalsandstorm.vcTranspose Platform ManagementBlisce+3 more
Almetra builds AI for manufacturing by combining computer vision, sensor data, and manufacturing expertise to help industrial teams understand production processes, identify bottlenecks, and improve operations.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareRoboticsBerlin, DE
Co-investorsCritical VenturesLinden CapitalNAPBlisceMerantix CapitalRobin Capital
Charter Space builds software and insurance infrastructure for spacecraft programs, including an AI-assisted space underwriting platform.
Logistics & Supply ChainSpace TechLondon, GB
Yuk Chi Chan(Founder)inyukun yin(Founder)in
Co-investors7percent VenturesActuate VenturesEvolution VenturesHike VenturesHustle FundOrvel Early Stage Fund I Private+2 more
Collabwriting is a collaboration tool for research that lets users highlight, save, and share web and Kindle content with others, including people without an account.
Future of WorkSaaS
Ivan Ralic(Founder)Sandra Idjoski(Founder)
Co-investorsCredo VenturesSMOK Ventures
Embedd provides software enablement for semiconductors by modeling chips as digital twins and deterministically generating software, tests, and simulations.
Deep TechDeveloper ToolsSemiconductors
Michael Lazarenko(Founder)in
Co-investors2100 VenturesCocoaCommon MagicRoosh Venturesu.ventures
Genezio is an AI recommendation intelligence platform that tracks and optimizes how generative AI systems (ChatGPT, Google AI Overviews, Gemini, Perplexity, Claude) mention and recommend brands.
AI & Machine LearningMarketing TechSaaS
Andrei Pitis(Co-Founder & CEO)inBogdan Ripa(Co-Founder & CPO)inPaula Cionca(Co-Founder & CMO)inBogdan Vlad(Co-Founder & CTO)in
Co-investorsGapMinder
GitBook is a documentation platform that helps teams create, publish, and maintain product docs, with tools to sync docs with code repositories, detect stale content, and let users query docs through an AI assistant.
AI & Machine LearningDeveloper ToolsSaaSCovina, US
Samy Pessé(Founder)inAaron O'Mullan(Founder)Samy Pesse(Founder)
Co-investorsFly VenturesKima VenturesPoint NineTPC Club (The presale club)TPC VenturesElectric Capital
Videowise provides an AI-powered centralized library for managing and organizing videos, UGC, and creative assets with automated tagging, search, and rights management.
AI & Machine LearningCreator EconomyE-commerceMarketing TechSaaSSocial
Co-investorsMu Ventures
Pre-seed company based in Bucharest.
Bucharest, RO
Vasile Țiple(Founder)
Co-investorsCredo VenturesEarlybird Venture Capital
Metadata builds a Marketing OS (operating system) for B2B marketers to automate manual and repetitive marketing tasks.
AdTechAI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaSSan Francisco, US
Gil Allouche(Executive Officer, Director)inYan Manevich(Executive Officer, Director)
BoardBobby Lent(Director)in
Co-investors500 GlobalAcorn Pacific VenturesBeyond CapitalEmery CapitalGFT VenturesGraph Ventures+12 more
Nestor provides HR teams and managers with software to catalog, evaluate, and assign employees based on their skills, using AI to match workers to internal roles, projects, and upskilling opportunities aligned with business needs.
Enterprise SoftwareHR TechSaaSSan Francisco, US
Bogdan Apostol(Founder)inRaluca Apostol(Founder)in
Co-investorsEleven VenturesY Combinator
Respeecher develops proprietary deep learning technology to create high-quality synthetic speech for filmmakers, game developers, advertisers, podcasters, and content creators.
AI & Machine LearningCreator EconomyGamingMedia & EntertainmentSaaSKyiv, UA
Oleksandr Serduik(Executive Officer, Director, Promoter)Grant Reaber(Executive Officer, Director, Promoter)inAlex Serdiuk(Founder)inDmytro Bielievtsov(Co-founder and CTO)in
BoardJohn Frankel(Director)in
Co-investorsAcrobator VenturesBADideas.fundCathexis VenturesDniproFf Venture CapitalHartmann Capital+4 more
SaleSqueze provides a CPQ tool that lets customers of outdoor living businesses configure products in 3D and receive instant quotes, replacing manual quoting.
SaaSSales Tech
Leon Panjtar(Founder)inAmbroz Bajec-Lapajne(Founder)
Co-investorsRobin CapitalFortech Investments
Sera develops an AI-powered knowledge management system that captures lead growers' expertise, standard operating procedures, and site-specific protocols into an interactive knowledge base for commercial greenhouse operations.
AgTechAI & Machine LearningData & InfrastructureEnterprise SoftwareIoTZürich, CH
Sergio Rannula(Founder)inCristian Anastasiu(Founder)inWilliam McGehee(Founder)in
Co-investorsCavalry VenturesNAP
Trickest offers a platform for security testing built around composable, reproducible workflows, where each workflow is represented as a graph of trusted, largely open-source tools.
AI & Machine LearningCybersecurityDeveloper ToolsSaaS
Mihailo Tomic(Founder)Nenad Zaric(Founder)
Co-investorsMoonfire VenturesCredo VenturesCrew Capital
Turneo provides an experience management system for hotels to build, sell, and manage bookable activities and tours across their properties, supporting both in-house offerings and third-party partner experiences from a unified platform.
AI & Machine LearningB2B MarketplacesE-commerceSaaSTravel & HospitalityLondon, GB
Matija Marijan(Founder)in
Co-investorsAscensionBessemer Venture PartnersSilicon Gardens
TypingDNA provides cloud-based authentication and continuous endpoint authentication solutions using behavioral biometrics.
AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareFintechNew York City, US
Adrian Gheara(Founder)inRaul Popa(Founder)inCristian Tamas(Founder)in
Co-investorsFlucas VenturesGapMinderGecad VenturesTechstarsCredo VenturesGradient Ventures
Uvionix builds robotics and AI systems with real-time analytics to automate warehouse inventory tracking, replacing manual counts with accurate shelf-level data.
AI & Machine LearningLogistics & Supply ChainRoboticsRancho Cordova, US
Boris Iskrev(Founder)in
Co-investorsLAUNCHub VenturesRobin CapitalPortfoLion Capital Partners
Veridion builds a continuously updated data graph of global companies, tracking what businesses exist, what they do, and how they change over time.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaS
Mihai Vinaga(Founder)inFlorin Tufan(Founder)inSorina Vlasceanu(Founder)
Co-investorsDay One CapitalGapMinderLauncHub VenturesLAUNCHub VenturesOTB Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Dataworks Research SRLDesignVerseGO to DesignVerseGO to MixRiftMixRiftRoboselfSERATokinomoVideowise
Portfolio news
latest coverage across their companiesGitBook · trysignalbase.com · Jul 19, 2026
Almetra · eu-startups.com · Jun 25, 2026
Frequently asked questions
- How many investments has Underline Ventures made?
- Underline Ventures has 30 tracked investments, including 5 dated in the last 24 months.
- What stage does Underline Ventures invest at?
- Underline Ventures invests at the Pre-Seed, Seed stages.
- What is Underline Ventures's typical check size?
- Underline Ventures typically writes checks of $500K.
- What sectors does Underline Ventures focus on?
- Underline Ventures focuses on Sector Agnostic.
- Where is Underline Ventures located?
- Underline Ventures is headquartered in Bucharest, RO.
- Does Underline Ventures lead rounds?
- Yes, Underline Ventures leads investment rounds.
- Who does Underline Ventures co-invest with?
- Underline Ventures most often shares deals with Robin Capital, Cavalry Ventures, GapMinder, among 30 tracked co-investors.
Media · Podcasts & interviews
featuring the teamBogdan Iordache, Underline Ventures: ”robotizarea va transforma multe industrii din România”
start-up · Bogdan Iordache
Călătoria unui investitor cu suflet de builder - Bogdan Iordache - Underline Ventures
Launch Romania · Bogdan Iordache
S2.Ep.1 | Bogdan Iordache - Underline Ventures | Călătoria unui investitor cu suflet de builder
Launch Romania · Bogdan Iordache
BOGDAN IORDACHE, UNDERLINE VENTURES X ILINCA PAUN, FOUNDER BRAVVA @GINGER NIGHT I 30 OCT
Bravva Angels · Bogdan Iordache
Fundraising in 2023: Bogdan Iordache, Underline Ventures closes its first fund at $20 million
start-up Business · Bogdan Iordache
Ask Me Anything - Bogdan Iordache (investitor) - Underline Ventures
start-up Business · Bogdan Iordache
Images
Co-investors · 13
Credo Ventures is an early-stage venture capital fund focused on backing founders from the Central and Eastern Europe (CEE) region and its global diaspora, active since 2009.
Early Game Ventures is a European venture capital firm that leads early-stage rounds in tech and IP-driven startups, investing from idea stage through Series A.
LAUNCHub Ventures is an early-stage venture firm backing founders from Central and Eastern Europe and the CEE diaspora, investing from pre-seed onward.
Gradient is a seed-stage venture fund focused on backing founders building artificial intelligence companies, providing hands-on support as builders and mentors.
Acrobator Ventures is an early-stage venture firm backing B2B enabling-tech startups founded by Eastern diaspora entrepreneurs from the CIS, Baltics and CEE regions.
Founder Collective is a seed and pre-seed stage venture capital firm that invests across sectors, describing itself as sector agnostic and anti-thematic.
First Round Capital is an early-stage venture firm partnering with founders at the very first stages of company creation, backing companies from angel through seed with hands-on support across GTM, recruiting, and operations.
Inovia Capital is a full-stack venture capital firm based in Canada with a presence in the EU, partnering with founders to build global technology companies.
NFX is a venture capital firm that invests in early-stage startups and provides founders with proprietary software tools, educational content, and a founder network known as the NFX Guild.
Convective Capital is an investment firm focused on companies building systems that make the world disaster-proof, spanning hardware, software and financial services that manage physical-world risk. It operates Updraft, a 10,000+ person resilience network connecting utilities, agencies, insurers and emergency services.
The Slack Fund is an investment fund to support slack teams building products that enable more productive workplaces.
Bek Ventures is a venture capital firm that concentrates its attention on a small number of founders, offering hands-on support and advice as companies scale from emerging to established.
▶1 more co-investors
Firms observed investing alongside Underline Ventures, from public investor directories. Shared companies are the overlap with Underline Ventures's recorded portfolio.
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