Underline Ventures
Venture capitalBucharest · Pre-Seed–Seed · 12 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 · 12 people
from the firm's website
What they invest in
from 15 of 23 portfolio companiesSaaS ×9AI & Machine Learning ×8Enterprise Software ×4Advanced Manufacturing ×2Data & Infrastructure ×2Future of Work ×2Marketing Tech ×2Robotics ×2
HQs:Germany×2United States×2United Kingdom×1
Investments · 23 tracked
founders shown can be your intro pathAlmetra (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)
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
Bible Chat is an AI faith app for Christians that provides a Scripture-trained chatbot for Bible study, prayer, and spiritual guidance, along with features like verse search, faith quizzes, character studies, Bible lessons, and journaling.
AI & Machine LearningConsumerWellness & Fitness
Offers a conversational interface for exploring faith and belief.
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
Translates an existing design system into components and generates functional code and interactive prototypes to reduce manual work.
Genezio is a platform for Generative Search and Answer Engine Optimization that tracks how often AI engines like ChatGPT, Perplexity, Claude, and Gemini recommend a brand versus competitors across topics and buyer personas.
AI & Machine LearningMarketing TechSaaS
Videowise is an AI-powered video commerce platform that lets ecommerce teams create, manage, and optimize shoppable video and creator content across websites, product pages, email, SMS, mobile apps, social media, and live shopping.
E-commerceMarketing TechSaaS
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
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
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 SoftwareIoT
Sergio Rannula(Founder)in
Turneo provides a platform for hotels to digitise and sell their on-site services and experiences — such as activities, spa and wellness, dining, rentals, and transfers — across guest touchpoints, with booking, pricing, resource, and commission management.
AI & Machine LearningSaaSTravel & Hospitality
Veridion maintains a continuously updated data graph covering 642M companies, resolving each into linked legal, operational, and parent-entity structures with change signals such as hiring and product launches.
AI & Machine LearningData & InfrastructureSaaS
End-to-end video infrastructure for brands and retailers built for scale and commerce performance.
Portfolio news
latest coverage across their companiesNestor · biobuzz.io · Jul 7, 2026
Almetra · finsmes.com · Jun 29, 2026
Frequently asked questions
- 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.
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 a venture capital fund investing in and supporting technology companies across its region, from the first check through subsequent rounds.
Founder Collective is an early-stage venture capital firm focused on seed and pre-seed investments across all sectors.
First Round Capital is an early-stage venture capital firm that backs startups from their earliest rounds. It invested in Notion's 2013 seed round.
Gradient is a seed-stage venture fund focused on backing founders building artificial intelligence companies, offering hands-on support as builders and mentors.
Inovia Capital is a full-stack venture capital firm based in Canada with a presence in Europe, partnering with founders to build enduring global technology companies.
NFX is a venture capital firm that publishes essays and research on startup strategy, including its "three-person unicorn" and AI-first company structure frameworks.
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.
Salesforce Ventures is the corporate venture arm of Salesforce, focusing exclusively on enterprise technology investments. Since 2009, it has deployed over $6 billion in capital across more than 630 startups, with over 200 portfolio companies reaching IPO or acquisition.
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.
Rabbit VC is a venture capital firm that invests in early-stage B2B SaaS and technology companies across Israel, the United States, and Korea.
▶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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