Underline Ventures
Venture capitalBucharest · Pre-Seed–Seed · 13 people tracked
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 15 of 22 portfolio companiesAI & Machine Learning ×10SaaS ×9Enterprise Software ×5Advanced Manufacturing ×2Data & Infrastructure ×2E-commerce ×2Future of Work ×2Logistics & Supply Chain ×2
HQs:Germany×2United Kingdom×2Romania×2United States×2Switzerland×1
Who they back
founder profiles across 7 portfolio companiesWhere their founders studiedfrom 14 founders with education data
University POLITEHNICA of Bucharest ×4
Where their founders worked beforefrom 15 founders with career history
Fitbit ×3T-Me Studios ×3Gheorghe Asachi Technical University of Iași ×2Vector Watch ×2
Investments · 22 tracked
founders shown can be your intro pathBy year:2026 · 12024 · 12 dated
Bible Chat is a mobile app that provides curated Bible verses and biblical content to help users deepen their faith and understanding of Scripture.
AI & Machine LearningConsumerHealthtechMedia & EntertainmentSocialWellness & Fitness
Laurentiu BalasainMarius Iordachein
Co-investorsEarly Game VenturesPlay VenturesSilicon GardensTrue 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)
Co-investorsCavalry VenturesRobin Capitalsandstorm.vcTranspose Platform ManagementBlisceCritical Ventures+2 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
Logistics & Supply ChainSpace TechLondon, GB
Yuk Chi Chan(Founder)inyukun yin(Founder)in
Co-investors7percent VenturesActuate VenturesEvolution VenturesTechstars
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
Co-investorsCredo Ventures
Translates an existing design system into components and generates functional code and interactive prototypes to reduce manual work.
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)Bogdan Ripa(Co-Founder & CPO)Paula Cionca(Co-Founder & CMO)inBogdan Vlad(Co-Founder & CTO)
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
Creates mixed-reality games with a focus on game mechanics for the growing mixed-reality market.
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/CEO)inRaluca Apostol(Founder/CPO)in
Co-investorsY CombinatorEleven Ventures
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
Co-investorsRobin CapitalFortech Investments
AgTech company offering a machine learning cultivation management and data analytics platform for greenhouses.
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
Co-investorsMoonfire VenturesCredo Ventures
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-investorsBessemer Venture PartnersSilicon Gardens
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 ChainRobotics
Co-investorsRobin CapitalLAUNCHub Ventures
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)in
Co-investorsDay One CapitalOTB VenturesLAUNCHub Ventures
End-to-end video infrastructure for brands and retailers built for scale and commerce performance.
Portfolio news
latest coverage across their companies
Almetra · finsmes.com · Jun 29, 2026
Almetra · aipressroom.com · Jun 26, 2026
Uvionix · portfolion.com · Mar 2, 2026
Veridion · redding.com · Feb 24, 2026
Frequently asked questions
- How many investments has Underline Ventures made?
- Underline Ventures has 20 tracked investments, including 1 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, NAP, among 19 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.
LAUNCHub Ventures is an early-stage venture fund investing in seed and Series A companies from South-Eastern Europe and the CEE region.
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.
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 that backs companies at their earliest moments, often before they are named, across enterprise, AI, consumer, healthcare, fintech and hardware sectors.
Gradient is a seed-stage venture fund focused on backing founders building artificial intelligence companies, providing hands-on support as builders and mentors.
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 positions itself as a builder, having developed several free software products to help founders.
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.
Acrobator Ventures is a seed-stage venture capital firm based in Amsterdam that invests in software companies founded by entrepreneurs from the CIS, Central and Eastern Europe, and Baltic regions. The firm focuses on data infrastructure, fintech, biotech, cybersecurity, robotics, and related enabling technologies.
▶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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