How many investments has Underscore VC made?

Underscore VC has 84 tracked investments, 10 of which have exited, including 10 dated in the last 24 months.

What stage does Underscore VC invest at?

Underscore VC invests at the Pre-Seed, Seed, Series A stages.

Where is Underscore VC located?

Underscore VC is headquartered in Boston, US.

Does Underscore VC lead rounds?

Underscore VC typically participates in rounds rather than leading them.

Who does Underscore VC co-invest with?

Underscore VC most often shares deals with Alumni Ventures, Y Combinator, G20 Ventures, among 207 tracked co-investors.

What size deals does Underscore VC back?

Across 19 deals with disclosed amounts, Underscore VC has joined rounds of $500K – $30M (median $5M).

Underscore VC

Venture capital

Boston · Pre-Seed–Series A · 34 people tracked

Also known as _Underscore.VC · Underscore · UNDERSCORE.VC MANAGEMENT COMPANY, LLC

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Investment thesis

Underscore VC invests in early-stage B2B software startups globally while connecting them to Boston's innovation ecosystem. The firm focuses on pre-seed and seed founders and positions itself as a hands-on business builder. Its distinctive 'open-source' investing model shares fund economics with a network of vetted operators and executives — the Underscore Core Community — who support portfolio companies as Core Partners and Core Limited Partners. This collaborative, aligned structure is intended to give founders access to deep operating expertise across product, engineering, cybersecurity, payments, AI, and corporate strategy.

Invests inAI & Machine Learning Crypto & Web3 Cybersecurity Developer Tools E-commerce Enterprise Software Fintech Healthtech InsurTech Logistics & Supply Chain Robotics SaaS Boston Global North America United States

Source: firm website, verified Sep 29, 2026.

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Stage

Pre-Seed–Series A

Boston, Massachusetts, US

Leads rounds

Follows

Instruments

Equity

Founded

2015

Last 12 months

5 investments

AUM

$260M

VC funds

Tracked investments

Unicorns

Acquisitions

Team · 34 people

from the firm's website & public directories

Ada Glover· Co-Founder & CPO, Zus Healthin

Founder and CPO of Zus Health and former Executive Director of Product Management at Athenahealth; an Underscore VC Core Limited Partner.

Andy Palmer· Co-Founder of Tamr· Cambridge, Massachusetts, United Statesin 𝕏

Entrepreneur with over 30 years building technology, healthcare, and life sciences companies; co-founder of Tamr, an Underscore VC Core Limited Partner and Core Partner to Trove Health.

Chad Laurans· Founder & Chairman of SimpliSafe· Greater Bostonin

Founding Partner at Workshop working across climate and education. Co-founded SimpliSafe and served as its CEO until 2020, overseeing engineering, product, supply chain, marketing, operations, and finance; an electrical engineer who built parts of the product and backend. He now serves as Chairman of the Board.

Dries Buytaert· Founder of Acquia & Drupal· United Statesin

Creator and project lead of the Drupal open-source platform and co-founder/CTO of Acquia; an early Underscore VC supporter who served as Core Partner to Moltin and Mautic.

Steve Fredette· Co-Founder of Toast· Cambridge, Massachusetts, United Statesin

President and co-founder of Toast leading product and innovation; previously built early mobile apps including the first Flickr and Shoebuy.com apps. An Underscore VC Core Limited Partner.

Olivia Lyman· General Partner

Chris Gardner· Partner· Boston, Massachusettsin 𝕏

Chris Gardner is a partner at Underscore VC who invests in founders and helps build their companies. Before Underscore, he spent nearly three decades in technology, including as an executive at PayPal, where he led P2P, PayPal Here, and In-Store payments after his co-founded company Paydiant was acquired by PayPal in 2015. His earlier roles included CMO and head of products at ExtendMedia (acquired by Cisco in 2010), SVP of Products and Marketing at m-Qube (acquired by Verisign in 2006), and VP of Products and Marketing at edocs, Inc. (acquired by Siebel Systems in 2004). He holds a BA in Communications from the University of Massachusetts at Amherst.

chris@underscore.vc

Lily Lyman· General Partner· Bostonin 𝕏

Lily Lyman is a partner at Underscore VC, where she leads investments in workflow automation and Vertical AI across insurance, healthcare, and life sciences, and helps run the firm itself. Before venture, she was a growth leader at Facebook, launching products that added 100 million new users over four years, and earlier held strategy, operating, and entrepreneurial roles, including co-founding an agtech and CPG startup while at Stanford. She has lived and worked in more than 75 countries and works closely with founders on go-to-market strategy, product positioning, and growth. She holds a Harvard undergraduate degree and a Stanford GSB MBA, plus certificates from Columbia Business School and Stanford GSB.

lily@underscore.vc

Sooah Cho· Principal· San Francisco, California, United Statesin 𝕏

Amy Villeneuve· Board Director, Advisor & Past COO and President of Amazon Robotics· Boston, Massachusetts, United Statesin

Board director and advisor, former COO and President of Amazon Robotics, with expertise in corporate strategy, scaling, and M&A; an active Underscore Core Member.

Brian Devaney· Partner· Bostonin

Brian Devaney is an investor at Underscore VC, where he concentrates on vertical-specific applications of AI and B2B software that transform legacy business processes, working closely with founders at the earliest stages across sourcing, diligence, and founder support. He joined Underscore from First Round Capital, where he led diligence and supported investments including Sprig, Cascade, Siteline, Edify, Evolution IQ, and IdeaFlow. Before investing, he was hired by Strava's founders to lead go-to-market for Strava Metro, growing it from a handful of pilots to hundreds of customers worldwide, and earlier worked as a fintech analyst at an internet bank and a B2B SaaS consultant at a HubSpot partner agency. He is active in the Boston academic ecosystem, serving on the operating committee of MIT SBXi and supporting Underscore's partnership with Dorm Room Fund.

brian@underscore.vc

Brian Fakhoury· Investment Analyst

Brian Zitin· CEO of Reggorain

Co-founder and CEO of Reggora; an Underscore VC Core Limited Partner.

Claire Crowther· VP of Strategy & Operations· Greater Bostonin

Claire Crowther is VP of Strategy & Operations at Underscore VC, where she leads investor relations, deal execution, and cross-functional workflows. Before Underscore, she produced multimedia content for MIT Solve and managed content for the Boston startup LogoMix, and earlier held content and customer success roles at Lionbridge and taught high school English in France. She holds a BA in Linguistics from the University of Rochester and an MBA from Quantic School of Business.

Corey Thomas· Chairman & CEO of Rapid7· Greater Bostonin

CEO and board chairman of Rapid7 who serves on the NSTAC and as elected chair of the Federal Reserve Bank of Boston; an Underscore VC CloudZero Core Partner.

Daphne Funston· Product at Day AIin

Product leader at Day AI and an Underscore Core Limited Partner.

David Kossnick· Head of AI Products at Figma· San Francisco, Californiain 𝕏

David Kossnick leads AI product initiatives at Figma. His background includes product roles at Coda.io and Google, where he worked on YouTube, as well as experience as a founder and CEO.

Devin Nash· Member of Leadership Team (Brand & Strategy)· Boston, Massachusetts, United Statesin 𝕏

Devin Nash leads brand, strategy, creative, and communications work at Underscore VC as part of the firm's leadership team, and works with portfolio founders on narrative and visibility. She previously worked as a Strategist at experiential marketing agency George P. Johnson, developing brand experiences and communication strategies for companies including IBM, Cisco Systems, and Google. She holds a Bachelor of Science from New York University.

Dianne Na Penn· Product Lead at Anthropicin

Former Amazon product leader now on the technical staff at Anthropic; an Underscore VC Core Limited Partner.

Gabrielle McCarthy· Senior Investment Associate· Boston, Massachusetts, United Statesin

Gabrielle McCarthy is an investor at Underscore VC, where she sources and evaluates early-stage B2B software opportunities and leads the firm's academic work supporting student founders across Boston institutions. She previously worked at OpenView on Series A and B investments in enterprise application software and product-led growth companies, and earlier held a go-to-market role on the enterprise sales team at Klaviyo. She holds a BA in Government from Dartmouth College.

gabrielle@underscore.vc

James Orsillo· Partner· Boston, Massachusettsin 𝕏

James Orsillo is a General Partner at Underscore VC and serves as CFO of Underscore-backed TetraScience. He has spent his career in finance and operating roles, having previously been CFO at Maxwell Health and Evariant, where he led venture financings and scaled finance and operations teams that ended in exits for both companies. Earlier in his career he held finance and operating roles at American Tower, Kaz (now Helen of Troy), Decision Resources Group, Digitas, and State Street, and over his career has been involved in more than $2.5B in equity and debt transactions. At Underscore, he advises or sits on the boards of more than a dozen portfolio companies and is among the leaders who assumed management of the firm's General Partnership.

james@underscore.vc

Jeremiah Brazeau· Core Partner· Boston, Massachusetts, United Statesin

Jeremiah Brazeau is a Core Partner at Underscore VC, where he advises the investing team on portfolio selection and acts as a technical sounding board for founders. He is a Distinguished Engineer at Shopify and previously served as CTO of Twilio, SVP and Distinguished Architect at Salesforce, Principal Engineer at Amazon Robotics, and co-founder of an electronic health records company. He holds patents in robotics, machine learning, distributed systems, and consumer engagement, and earned a BS and MS in Computer Science from Rochester Institute of Technology and an MS in Electrical Engineering from Northeastern University.

John Pearce· Partner· Boston, Massachusettsin

John Pearce spent over 25 years leading fast-growing technology companies as a CFO and CEO. He served as President and CEO of Demandware (later acquired by Salesforce), was CFO at AppIQ (acquired by Hewlett-Packard), co-founded SilverStream Software and Watermark Software (acquired by FileNet Corporation), and contributed to the early revenue growth of Actifio. He passed away in November 2023.

Kate DeVlieger· Executive Business Associate· Boston, Massachusetts, United Statesin

Kate DeVlieger is an Executive Business Associate at Underscore VC, where she handles calendar management, meeting coordination with founders and co-investors, briefing preparation, and tracking of firm commitments. Before Underscore, she supported executives at Morgan Stanley and Breakthrough Properties. She holds a BA in Applied Psychology and Human Development from Boston College, where she rowed on the Women's Varsity team.

Marco Rosario· Operations Manager· Boston, Massachusetts, United Statesin

Marco Rosario is the Operations Manager at Underscore VC, where he handles organizational and operational tasks supporting the firm's hybrid office, employees, community, and founders. Before joining Underscore, he worked as a Team Captain at Prialto, leading a group of executive assistants. Outside of work he is involved in mentorship programs and has interests in music and dance.

Maria Loughlin· Former SVP of Engineering at Toast· Greater Bostonin

Tech executive and startup advisor, former SVP of Engineering at Toast; an Underscore VC Core Limited Partner and Core Partner to Mable.

Meghan Verena Joyce· CEO of Duckbill· United Statesin

Former Uber and Oscar Health executive who is now founder and CEO of Duckbill; an Underscore VC Core Limited Partner.

Michael Skok· Partner· Boston, Massachusettsin 𝕏

Michael Skok is a company founder, investor, and educator who has spent over 40 years working with entrepreneurs, contributing to the creation of six unicorns as a founder, investor, or board member. He built and ran several software businesses starting at age 16, including Skok Systems, European Software Publishing, and Alphablox (acquired by IBM in 2001), before moving into venture capital. In 2002 he developed the "Everything as a Service" thesis and backed companies including Demandware, Acquia, and Revolution Analytics, later founding Underscore VC in 2015 to invest in B2B software startups from Seed to Series A. He is currently an Executive Fellow at Harvard Business School, where his "Startup Secrets" programs have drawn more than 10 million YouTube views. Following a 2019 brain tumor diagnosis, he retired from active management at Underscore and now focuses on mentoring, writing, and volunteer work.

Mike Massaro· CEO of Flywire· Boston, Massachusetts, United Statesin

Mike Massaro led Flywire's growth across North America, Europe, and Asia-Pacific, aligning its international team with company strategy. His experience covers global payments, mobile software and hardware, and e-billing at high-growth technology companies such as Carrier IQ and edocs, Inc., and he started his career in the technical risk services practice at PWC, LLP. He received the 2019 Ernst & Young Entrepreneur of the Year Award in Financial Services.

Natalie Gibralter· VP of Product AI Innovation at Microsoft· New York, New York, United Statesin

VP of Product for Azure Communication Services at Microsoft and former Squarespace product lead; an Underscore VC Core Limited Partner.

Richard Dulude· General Partner· Bostonin 𝕏

Richard Dulude co-founded Underscore VC and spent roughly a decade there building its investment discipline and thesis areas, backing founders in crypto, XR, AI/ML, and cloud infrastructure. His career began as a quant at Goldman Sachs, followed by building a skunkworks team that launched the direct-to-consumer eCommerce business at Procter & Gamble, and then founding his own machine learning startup mining social media insights for brands. Before Underscore, he spent the earlier part of his venture career at Founder Collective. He has since returned to building as a startup founder while continuing to support Underscore's portfolio as a Venture Partner.

richard@underscore.vc

Sam King· CEO of Nasuni· Greater Bostonin

CEO of Veracode and cybersecurity expert who sits on the boards of Progress Software and ZeroFox; an Underscore VC Core Limited Partner.

Caleb Moulema

Micah Smurthwaite· Londonin 𝕏

Founder mafia

The Underscore VC mafia →

19 people who came through Underscore VC went on to found or lead other companies.

Mike MassaroCEO of FlywireFounded Flywire Jeremiah BrazeauCore PartnerFounded Hi Marley John PearcePartnerFounded Demandware Dries BuytaertFounder of Acquia & DrupalFounded Acquia Corey ThomasChairman & CEO of Rapid7Founded CloudZero Maria LoughlinFormer SVP of Engineering at ToastFounded Mable Meghan Verena JoyceCEO of DuckbillFounded Duckbill Andy PalmerCo-Founder of TamrFounded Tamr Amy VilleneuveBoard Director, Advisor & Past COO and President of Amazon RoboticsFounded REsurety Rana el KalioubyCo-Founder of Affectiva and Former CEO of Smart EyeFounded Affectiva Menno van der ZeeUFirst FellowFounded The Routing Company Ben JonesBlockchain AssociateFounded Optimism

+ 7 more →

What they invest in

from 64 of 84 portfolio companies

AI & Machine Learning ×39SaaS ×36Enterprise Software ×20Data & Infrastructure ×15Fintech ×11Marketing Tech ×9Healthtech ×7Cloud Computing ×5

HQs:United States×41United Kingdom×2Canada×1France×1Malaysia×1Singapore×1

Who they back

founder profiles across 40 portfolio companies

40%

solo founders

16 of 40 mapped founding teams

50%

repeat founders

of 54 founders with career history

~2 yrs

old at investment

median across 26 dated deals

Founding team size:solo founder×162 founders×103 founders×74+ founders×7

Where their founders studiedfrom 54 founders with education data

Harvard Business School ×5Harvard University ×4Massachusetts Institute of Technology ×4Stanford University ×4Williams College ×3Bilkent University ×2Dartmouth College ×2Northumbria University ×2

What their founders studiedfrom 49 founders with field-of-study data

Computer Science ×20Business & Management ×11Engineering ×11Economics ×4Finance & Accounting ×4Mathematics & Statistics ×3Physics ×2

Where their founders worked beforefrom 54 founders with career history

Google ×7IBM ×4Harvard Business School ×3Accel Partners ×2Endeca ×2Grammarly ×2H1 Insights ×2HubSpot ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×6 Techstars ×3

8 founders hold a PhD · 11 hold an MBA (of 52 with degree data)

Investments · 84 tracked

founders shown can be your intro path

By year:2026 · 4 2025 · 4 2024 · 3 2023 · 5 2022 · 4 2021 · 11 2020 · 5 2019 · 1 2018 · 3 2017 · 2 2016 · 244 dated

Dorm Roomdormroomfund.com 𝕏✓ verified

Dorm Room Fund is an investment fund that provides capital, mentorship, and investor network access to student-led startups.

AI & Machine LearningClimate TechDeep TechFintechSector Agnostic

Josh Kopelman(Founder)in

Co-investorsChris Dixon First Round Capital Garry Tan Plexo Capital Quiet Capital DesignX +1 more

Elyrianelyrian.ai✓ verified

Elyrian develops standardized, modular inference data centers under 100 MW, assembling sites from repeated 10 MW building, power, and electrical blocks to reach live power faster than bespoke campuses.

AI & Machine LearningCleantechEnergy

Co-investorsAfore Capital Outcast Ventures NewBuild.VC

Macromacro.io✓ verified

Macro is a meeting platform designed to foster authentic self-expression and genuine human connection through playful, inclusive interactions.

Future of WorkSocial

Co-investorsFirstMark Capital General Catalyst Dorm Room BlackRock Goldman Sachs

CloudZerocloudzero.com in 𝕏Seed · Dec 2020 · $500K

CloudZero provides cost allocation and financial management for AI workloads, helping companies understand the ROI of their AI investments across cloud platforms and AI services.

AI & Machine LearningCloud ComputingEnterprise SoftwareBoston, US

Erik Peterson(Founder)in Matt Manger(Founder)in Phil Pergola(Executive Officer, Director)inDon Bulens(Executive Officer, Director)

Board Tim Barrows(Director)

Board seat James Orsillo Michael Skok· per SEC Form D

Co-investorsG20 Ventures Innovius Capital Matrix Threshold Ventures

Darbygetdarby.comDec 2024

Darby is an AI system for durable medical equipment (DME) providers that processes incoming order faxes, extracts clinical and billing fields, verifies provider identity, coverage, and codes against federal registries, and routes orders.

AI & Machine LearningDigital HealthHealthtechNorth Charleston, US

Jackson Stone(Executive Officer, Director)Charlotte Lawson(Executive Officer, Director)

Board seat Lily Lyman· per SEC Form D

Co-investorsFlare Capital Partners Gaingels

Mablemeetmable.comNov 2020

Mable provides software for food and beverage distributors in the United States, supporting online ordering and catalog management.

Newburyport, US

Arik Keller(Executive Officer, Director)inEric Carlstrom(Director)

BoardMichael Tyrell(Director)Christopher Gardner(Director)inJoshua Summers(Director)

Board seat Richard Dulude· per SEC Form D

Co-investorsG20 Ventures NFX Venrock

TetraSciencetetrascience.com in 𝕏Seed · Apr 2021

TetraScience provides a Scientific Data and AI Platform that produces AI-native scientific data and lab data management products for scientific research and discovery.

AI & Machine LearningBiotechData & InfrastructureHealthtechSaaSBoston, US

Siping Wang(CTO)inSalvatore Savo(Founder / COO / CCO / GM)inSpin Wang(Cofounder)Patrick Grady(Founder, Chairman, and CEO)inMaurice Bedoni(Executive Officer)inAlok Tayi(CEO)

Board seat Michael Skok· per SEC Form D

Co-investorsAlkeon Innovation Big Red Ventures Dorm Room First Round Capital Floodgate Founder Collective +10 more

3Box3box.io

Danny Zuckerman(Founder)Joel Thorstensson(Founder)Michael Sena(Founder)

Co-investorsCalm Ventures Placeholder VC Venrock

Airconairconai.com in 𝕏

Aircon builds a "decision layer" for air freight that gives freight forwarders real-time intelligence at the point of quoting, including margins, route feasibility, and carrier reliability, with auditable and traceable pricing decisions.

AI & Machine LearningLogistics & Supply ChainSaaS

Chris Condon(Founder)in

Co-investorsBlumberg Capital Las Olas Venture Capital Plug and Play Ventures Schematic Ventures

Anyquestionanyquestion.comacquired by WHOOP

Premium social video app for asking questions of world-class experts; acquired by Whoop in 2023.

Digital HealthHardwareWellness & Fitness

Co-investorsPillar VC

Apploiapploi.com in 𝕏Series A · Aug 2022 · $8M

Apploi provides recruitment marketing and hiring software for healthcare facilities, including job board distribution, mobile-optimized applications, branded career pages, and candidate texting.

HealthtechHR TechSaaSNew York, US

Adam Lewis(General Manager, Talent and Workforce Management; founded Apploi)in Chad Maron(Executive Officer)inJonathan Lake(Executive Officer)Daniel Freedman(Executive Officer, Director)in

BoardDavid Kyte(Director)Tony Wang(Director)

Co-investorsDefy Partners Equitage Ventures, L.L.C.Maywic Select Investments RiverPark Ventures Supernode Ventures OurCrowd

Arwenarwen.ai 𝕏Feb 2020 · $3M

Arwen operates a real-time platform that collects, classifies, and acts on social media comments across paid and organic content in over 30 languages, combining proprietary classifiers, fine-tuned LLMs, and rule-based logic with human oversight.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaS

Matthew McGrory(Founder)inDavid Cole(Founder)in Joel Bailey(Co-founder)in

Co-investorsCreative UK Slow Ventures

Bastion Zerobastionzero.com

Simple zero-trust access for dynamic cloud environments.

Co-investorsCollab+Currency Dell Technologies Capital DG Daiwa Ventures Notation Capital

Bizzenbizzen.com in 𝕏

Bizzen is an AI back-office app for construction contractors that records site walkthroughs by voice, text, or video and turns them into notes, scopes of work, estimates, change orders, and cost-plus reports.

AI & Machine LearningConstruction TechSaaS

Co-investorsAlumni Ventures Conversion Capital

Braintreebraintreex.comOct 2021 · $10M

BraintreeX builds agricultural robots and data platforms for precision farming, offering automation such as robotic fertilization along with AI-driven data insights.

AgTechAI & Machine LearningRobotics

Arif Makhdzirin

Co-investors500 Global AgFunder Accel Greycroft New Enterprise Associates (NEA)PETRONAS Ventures +2 more

BusRightbusright.com inSeed · Mar 2021 · $3M

BusRight offers a student transportation platform used by transportation teams to build and merge bus routes and manage stop assignments, with companion apps that give parents live ETAs and notifications and provide drivers turn-by-turn navigation designed for buses.

Logistics & Supply ChainMobility & TransportationSaaSChappaqua, US

Phillip Dunn(Executive Officer, Director)Keith Corso(Executive Officer, Director)in

Board Tomy Han(Director)inMark Volchek(Director)

Co-investorsAlumni Ventures Automotive Ventures Mobility Blue Ivy Ventures CreativeCo Huntington Angels Network Las Olas Venture Capital +3 more

Cazenacazena.com 𝕏Jul 2020acquired by Cloudera

Cazena provided fully managed Big Data as a Service, delivering cloud-based data lakes and analytics environments for enterprises.

AI & Machine LearningCloud ComputingData & Infrastructure

Prat Moghe(Founder)in

Co-investorsAndreessen Horowitz

Cenoacenoa.com in 𝕏Seed · Feb 2023 · $7M

Cenoa offers freelancers and solopreneurs who earn globally a free US, European, or UK account to receive international payments and withdraw funds in local currency or as USDC/USDT stablecoins, using blockchain and integrations with Stripe and Lead Bank.

AI & Machine LearningCrypto & Web3FintechSingapore, SG

Seçkin Çağlın(Cofounder, Co-CEO)inEmre Ertan(Cofounder, Co-CEO)inBuğra Çakmak(Cofounder, Blockchain)in Sırrı Perek(Cofounder, Tech Lead)in

Co-investorsTIBAS Ventures Ulu Ventures Acrew Capital Collective Spark Human Capital Quiet Capital

Civilgridcivilgrid.com inMar 2021

CivilGrid consolidates thousands of datasets on underground utilities, land rights, geotech conditions, and other site data into a real-time map for civil engineers, utility operators, and construction teams.

Construction TechData & InfrastructureGovTechSaaS

Josh(Co-founder)Brandon(Co-founder)Brandon Cohen(Founder)Josh Mackanic(Founder)

Co-investors2.12 Angels A*Afore Capital Anorak Ventures BURNT ISLAND VENTURES Energy Impact Partners +14 more

ClearMetalproject44.com in 𝕏Acquired

project44 is a supply chain software company serving logistics and supply chain operations teams to improve visibility and efficiency across supply networks.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSChicago, US

Jett McCandless(Founder)in

Co-investors8VC Btomorrow Ventures Chicago Ventures Corsa Ventures Cota Capital Emergence Capital Partners +17 more

Clockworkclockwork.ai in 𝕏Seed · Apr 2022 · $2M

Clockwork is AI-powered financial planning and analysis software that connects to QuickBooks, Xero, or Excel to automatically generate cash flow forecasts, financial models, and dashboards for businesses and accounting firms.

AI & Machine LearningFintechSaaS

Fady Hawatmeh(Founder)in

Co-investorsAlumni Ventures G20 Ventures Service Provider Capital

Clouderacloudera.com in 𝕏Acquired

Cloudera is a hybrid platform for data, analytics, and AI, serving enterprises and data teams.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSanta Clara, US

Amr Awadallah(Founder)in Mike Olson(Founder)inChristophe Bisciglia(Founder)inJeff Hammerbacher(Founder)in Owen O'Malley(Founding team member (early Hadoop architect))inCharles Sansbury(Chief Executive Officer)in

Co-investorsAccel Canas Capital Dag Ventures Glynn Capital Management Greylock Partners GV (Google Ventures)+13 more

Codacoda.io in 𝕏Jul 2021acquired by Grammarly · Dec 2024

Coda (now Superhuman Docs) is a collaborative workspace platform that combines document editing, database tables, and application-building capabilities for teams.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSMountain View, US

Shishir Mehrotra(Founder)inAlex DeNeui(Founder)inLane Shackleton(Chief Product Officer)in

Board Reid Hoffman(Board Member (Greylock Partner; LinkedIn Co-Founder))in Hemant Taneja(Board Member (General Catalyst))in

Co-investorsArba LLC Dria Ventures General Catalyst General Partnership Greylock Partners Homebrew +15 more

Copleycopley.comPre-Seed · Mar 2025 · $5M

David Henriquez(Founder)mike torra(Founder)

Flaregetflare.com

invisaWear makes wearable safety jewelry (charms for necklaces, bracelets, or keychains) with a hidden button that, when double-pressed, sends an SOS with GPS location to emergency contacts and optionally 9-1-1.

ConsumerHardwareIoT

Rajia Aziz(Co-Founder & CEO)

Co-investorsGaingels Lerer Hippeau

Flare Systemsflare.io in 𝕏

Flare provides a searchable, structured dataset of dark web forums, marketplaces, and Telegram channels for cybercrime investigations and threat intelligence.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaS

Norman MenzinJohn WilliamsoninAlex Hooper(Founder)Colin Mierowsky(Founder)Daniel Cohen(Founder)Daniel Parekh-Hill(Founder)

Co-investorsLuge Capital White Star Capital 20VC 4Di Capital ANOBAKA Base10 Partners +9 more

Forgeforge.ai in

Forge provides a security control plane for AI agents that discovers agent systems across endpoint, SaaS, and cloud, governs the human and machine (non-human) identities and MCPs they use, and enforces policy at runtime.

AI & Machine LearningCybersecurityEnterprise Software

Co-investorsIn-Q-Tel New Era Ventures ApS

Frasefrase.io in 𝕏Sep 2018

Frase is an AI-powered content platform that runs the full SEO and generative-engine-optimization loop — researching, drafting in a brand's voice, publishing to CMS platforms, and monitoring rankings and AI citations across engines like ChatGPT, Perplexity, Claude, and Gemini.

AI & Machine LearningMarketing TechSaaSBoston, US

Tomas Ratia(CEO, President, Treasurer and Secretary)Cody Jaques(Director)Francesco Liuzzi(Director)

Co-investorsBantam Group

Getawaygetaway.house in 𝕏

Postcard Cabins operates a collection of private, design-forward cabins located in nature across 29 U.S. locations, offering short getaways with amenities like fire pits, kitchenettes, and full bathrooms.

ConsumerTravel & HospitalityBrooklyn, US

Jon Staff(Executive Officer, Director)in

Co-investorsTamarisc Ventures Alpaca VC Victress Capital

Goldcastgoldcast.io inPre-Seed · Jun 2022

Goldcast provides an AI-powered platform for creating and repurposing video content such as webinars, field events, video podcasts, and customer testimonials, using agentic workflows to turn long-form video into clips, blogs, emails, and social posts.

AI & Machine LearningMarketing TechSaaSNew York, US

Kishore Kothandaraman(Founder)inPalash Soni(Founder)inKishore K(Co-Founder)Aashish Srinivas(Founder)in Kelly Cheng(CMO)in Lauren Creedon(Chief Product Officer)in

Co-investorsAfore Capital HubSpot Ventures NewBuild.VC Unusual Ventures Array Ventures Management Llc Kearny Jackson +2 more

H1h1.co in 𝕏Series A

H1 operates an AI-driven platform that integrates healthcare data to identify and match doctors for clinical trials, patient care, medical affairs, and referrals.

AI & Machine LearningDigital HealthHealthtechNew York City, US

Ariel Katz(Founder)inIan Sax(Founder)inZachary Feuerstein(Vice President of Product)Don Pinkus(CPO)inDavid seidenfrau(Vice President - Engineering)David Street(Product Engineering Manager)

Co-investorsBoxGroup Communitas Capital Partners Dorm Room Glynn Capital Management HealthX Ventures IVP (Institutional Venture Partners)+9 more

HelloTeamhelloteam.com inSeed · May 2023 · $10M

HelloTeam is a platform that enables employees to be visible and heard within their organization while providing managers with tools to improve employee retention.

Future of WorkHR TechSaaS

Co-investorsOsage Venture Partners

Heraldheraldapi.com inPre-Seed · Dec 2021

Herald provides an AI-powered platform and API for insurance brokerages, including an intelligence engine, an email-based AI agent that extracts client data and sends submissions, and connectivity to carriers, MGUs, MGAs, wholesale brokerages, and program managers.

AI & Machine LearningInsurTechSaaS

Co-investorsAfore Capital Brewer Lane Ventures Essence Venture Capital

Hi Marleyhimarley.com in 𝕏Series A · Jun 2019 · $9M

Hi Marley provides communication and engagement software for insurance carriers and policyholders, using intelligent solutions to facilitate customer interactions throughout the insurance lifecycle.

Enterprise SoftwareInsurTechSaaSBoston, US

Mike Greene(Founder)in Mitesh Suchak(Founder)inJohn Miller(Executive Officer, Director)inPaul Yanosy(Executive Officer)inJohn J. Miller(Founder)

Board Puneet Agarwal(Director)in

Co-investorsBain Capital Ventures Brewer Lane Ventures Emergence Capital Partners True Ventures Greenspring Greenspring Associates

HourWorkhourwork.com

HourWork provides an AI-driven employee engagement and retention platform for quick-service restaurant (QSR) operators, integrating with HRIS systems to run automated text and email outreach, sentiment analysis, and employee feedback.

AI & Machine LearningHR TechSaaS

Co-investorsService Provider Capital Dorm Room Impact Engine OneValley Ventures Permanent Capital Ventures Relish Works +1 more

Huepoweredbyhue.com inSeed · Feb 2026 · $5M

Hue provides an AI-powered platform for brands and retailers to manage, optimize, and merchandise user-generated video content across their ecommerce experiences.

AI & Machine LearningE-commerceMarketing TechSan Francisco, US

Janvi Shah(Founder)in Nicole Clay(Founder)in Sylvan Guo(Founder)in

Co-investorsFika Glasswing Ventures The MBA Fund

Hypernaturalhypernatural.aiDec 2025

Hypernatural is an AI video editor that lets brands and storytellers generate, storyboard, and edit full-length videos from scripts, visuals, and audio.

AI & Machine LearningCreator EconomyMarketing TechMedia & EntertainmentElm Grove, US

Chris Kolbe(Executive Officer, Director)in

Co-investorsAdverb Ventures AIX Ventures Character Character VC

Ikigai Labsikigailabs.io 𝕏Pre-Seed · Aug 2023 · $1.3Macquired by Celonis

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

Vinayak Ramesh(Co-founder)Devavrat Shah(Director, Promoter)in

Board Ashu Garg(Director)in Sandesh Patnam(Director)in

Co-investorsFoundation Capital 8VC Premji Invest

IOpipeiopipe.com in 𝕏Dec 2016 · $2.5M

IOpipe is a serverless DevOps platform that provides visibility and monitoring for serverless applications in production.

Cloud ComputingData & InfrastructureDeveloper ToolsSeattle, US

Erica Windisch(Founder and CTO)inAdam Johnson(Executive Officer, Director)Eric Windisch(Executive Officer, Director)

Co-investorsboldstart ventures Las Olas Venture Capital New Enterprise Associates (NEA)Struck Capital Techstars Madrona Venture Group

Kaikokaiko.com in 𝕏Series A · Jun 2021 · $24M

Kaiko provides crypto reference data for digital assets, including standardized asset identifiers, supply and market capitalization metrics, and derivatives contract specifications.

Crypto & Web3Data & InfrastructureFintechParis, FR

Ambre Soubiran(CEO & Chairman)in

Co-investorsAnthemis Venture ConsenSys Mesh Kima Ventures Point Nine Alven Eight Roads Ventures +3 more

Kardgetkard.com in 𝕏

Kard provides transaction data and insights from millions of consumers to advertisers and financial institutions, enabling banks and card issuers to understand shopping behavior across consumer wallets while offering customizable API integrations.

AdTechAI & Machine LearningData & InfrastructureFintechMarketing TechNew York City, US

Ben Mackinnon(CEO)in

Co-investorsFin Capital Nucleus Adventure Capital Techstars Founders Future Tiger Global Management

Korlkorl.co

Korl is an AI agent that generates personalized business presentations for customer interactions like roadmap reviews, quarterly business reviews, and contract renewals by integrating data from tools like Salesforce, Jira, and Google Docs.

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

Sumeet Pannu(Founder)in

Co-investorsMaC Venture Capital Perceptive Ventures Management Company, Llc Stage 2 Capital

LearnLuxlearnlux.com in

LearnLux provides personalized financial guidance to employees through employers, covering budgeting, debt management, benefits navigation, and long-term planning delivered by credentialed financial planners on a fiduciary basis.

FintechHR TechSaaSWellness & FitnessBoston, US

Rebecca Liebman(Founder)in Michael Liebman(Founder)in

Co-investorsCrosslink Capital Dorm Room Entrepreneurs Roundtable Accelerator (ERA)J4 Ventures Moai Capital Blumberg Capital +3 more

lendflowlendflow.com in 𝕏Seed · Oct 2021 · $10.8M

Lendflow provides a platform for fintechs, lenders, and vertical SaaS companies to offer lending and financial products to their customers.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareFintechSaaSAustin, US

Jon Fry(Founder)in Matthew Watts(Founder)inMicah Geisenberg(HR, Accounting and Finance)Lucas Parra(Staffing Assistant)Jose Plazas(Staffing Coordinator)Cami Morales(EA)

Co-investors2048 Ventures Ardent Venture DERIVE VENTURES Frontier Ventures Knoll Ventures Navitas Capital +11 more

Luminailuminai.comSeed · Oct 2020 · $3M

Luminai builds an AI-native operating system that unifies fragmented healthcare operational work streams to automate administrative and operational tasks across health systems.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareHealthtechSaaSSan Francisco, US

Kesava Kirupa Dinakaran(Founder)inHarsh Gupta(Founder)Dmitry Dolgopolov(Founder)Kesavakirupa Dinakaran(Founder)Brian Law(Senior Software Engineer)inAshmeet Singh Rekhi(EPD Team)

Co-investorsavra General Catalyst Moxxie Ventures Peak XV Partners Scribble Ventures Shrug Capital +16 more

Mabletrymable.com in 𝕏Acquired

Mable is a genomics-based telehealth platform that provides personalized migraine care by analyzing patients' genetic and biomarker data to inform individualized treatment plans.

AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesLondon, GB

Roman Rothaermel(Founder)in Inna Thalmann(Founder)inChris EijsboutsinKumeren GovnderArik Keller(Founder)Eric Carlstrom(Founder)

Co-investorsInitialized Capital Venrock Y Combinator Arkitekt Ventures First In Ventures G20 Ventures +1 more

Macromacro.com in 𝕏

Macro is an open-source, AI-powered workspace application that consolidates email, messaging, documents, tasks, calls, and CRM functionality into a single interface with shared team memory.

AI & Machine LearningEnterprise SoftwareSaaS

Jacob Beckerman(Founder)in

Co-investorsAndreessen Horowitz BoxGroup LegalTech BlackRock Goldman Sachs

Mauticmautic.com in 𝕏

Mautic is an open-source marketing automation platform with a drag-and-drop interface for building campaigns, emails, and landing pages, plus contact management with lead scoring.

Marketing TechSaaS

Co-investorsG20 Ventures York IE

Messarimessari.ioPre-Seed · Mar 2018 · $1MAcquired

Crypto data, research and disclosure platform covering 40,000+ assets; acquired by Blockworks in June 2026.

Ryan Selkis(Founder)inDan McArdle(Founder)Eric Turner(Founder)

Co-investorsAnthemis Venture Blockchain Capital Blockchain Coinvestors Coinbase Ventures Fabric Ventures Fenbushi Capital +20 more

Moltinmoltin.comSeries A · Feb 2018 · $8MAcquired

Moltin provides API-based commerce infrastructure that allows retailers and developers to build and deploy shopping experiences across websites, mobile apps, and other customer touchpoints.

E-commerceEnterprise SoftwareBoston, US

Jamie Holdroyd(CIO)in Adam Sturrock(Vice President Customer Success)inChris Roach(Founder)Chris Nash(CTO)

Board Will Prendergast(Director)in

Co-investorsBantam Group FundersClub Y Combinator Connect Ventures Four Cities Frontline Ventures +1 more

Movemintmovemint.cc in 𝕏Pre-Seed · May 2024

Movemint is an event hosting platform that lets organizers manage and price events, with dedicated tools for brands and athletes.

MarketplacesSaaSSports Tech

Zack Isaacs(Founder)in

Co-investorsAlumni Ventures

Multiverseplaymultiverse.com 𝕏SeedDefunct

Multiverse is a web-based platform for creating games that operates a marketplace for game assets and content created by established creators, taking a commission on sales.

ConsumerGamingBoston, US

Sara Alfageeh(Founder)in Hisham Bedri(Founder)in Thariq Shihipar(Founder)inEuan Blair(Founder)Euan Blair Sophie Adelman(Founder)Jeremy Duggan(Founder)

Co-investorsY Combinator Anthos Capital Audacious Bond Capital Management Cove Capital Founders Circle Capital +9 more

Orion Securityorion.security

AI-powered data protection platform.

Co-investorsNorwest Venture Partners

Orionsecorionsec.io in

ORION is a unified data security platform that provides data loss prevention across endpoints, browsers, SaaS applications, email, AI tools, and agentic workflows.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareNew York City, US

Jonathan Kreiner(Founder)inNitay Milner(Founder)inYonatan Kreiner(Founder)

Co-investorsAlumni Ventures Norwest Venture Partners XT Venture Capital

Pagospagos.ai in 𝕏

Pagos provides payments intelligence software for businesses to optimize payment operations, increase transaction approval rates, and analyze payments data across multiple processors.

AI & Machine LearningData & InfrastructureFintechSaaS

Albert Drouart(Founder)Dan Blomberg(Founder)Klas Back(Founder)

Co-investorsArbor Ventures Infinity Ventures Point72 Ventures

Pagos Solutions inSeed · Oct 2021 · $10M

Hermosa Beach, US

Klas Martin Back(Executive Officer)Albert-Oliver Drouart(Executive Officer)

Co-investorsArbor Ventures IVC Point72 Ventures

Payflowpayflow.ai in 𝕏SeedDefunct

Payflow builds Luca, an AI-powered financial planning and analysis tool that generates insights, reports, and forecasts for executives.

Enterprise SoftwareFintechSaaSNew York City, US

Wil Eyi(Founder)inJose Pons Vega(Founder)inMichael Colgan(Director, Member Experience \u0026 Success)Khang Nguyen(Product Lead)stephen h(Principal Software Engineer)

Co-investorsCathay Innovation Y Combinator 1984 Ventures Management, Llc Cathexis Ventures Company Ventures FJ Labs +14 more

Propexopropexo.com inSeed

Propexo builds data infrastructure for multifamily real estate, connecting property management systems and proptech tools through a centralized data warehouse and unified API.

Data & InfrastructureDeveloper ToolsEnterprise SoftwarePropTechSaaSBoston, US

Nick Johnson(Founder)in Ben Keller(Founder)in Remen Okoruwa(Co-Founder & CEO)in

Co-investorsPrudence SSC Venture Partners Y Combinator Fifth Wall OnStartups PropTech Angel Group +1 more

Quilt Healthquilthealth.com in

Quilt Health builds infrastructure to connect care delivery and medical discovery for patients with complex conditions, enabling coordinated access to both ongoing clinical care and innovative therapies.

Data & InfrastructureDigital HealthEnterprise SoftwareHealthtechSaaS

Andy Ellner(Founder)inJazmine Coleman(Founder)in

Co-investorsBoxGroup Coalition Operators MaC Venture Capital Meridian Street Capital Very Serious Ventures

Revivlerevivle.com

Revivle is a peer-to-peer marketplace and personal style community for secondhand clothing that builds users a digital closet from their Gmail receipts, letting them track outfits, shop their own and friends' closets, and resell items with a one-click reservation flow.

Circular EconomyConsumerMarketplaces

Rexirexi.finance inJul 2026

REXI provides AI-powered reconciliation infrastructure that connects payment, banking, ERP, and accounting sources to automatically match transactions, resolve exceptions, and close the books for finance operations teams.

AI & Machine LearningFintechSaaS

Teo Zavalia Gahan(Founder)in

Co-investorsCarao Ventures Flybridge Capital Partners Movile NFX Wayra

Salsifysalsify.com in 𝕏

Salsify offers a product experience management (PXM) platform with tools for centralizing product content, syndicating it across channels, enriching product pages, and analyzing digital shelf performance.

E-commerceMarketing TechRetail TechSaaS

Rob Gonzalez(Founder)inJeremy Redburn(Founder)inJason Purcell(Founder)

Co-investorsBright Pixel Capital Cathay Innovation Highland Europe Matrix Venrock Venture Investment Associates +6 more

Slangslang.ai in 𝕏Jun 2023

Slang AI provides a voice AI platform for full-service restaurants to answer calls, book reservations, and handle inquiries 24/7 with customized, warm service.

AI & Machine LearningFoodTechHR TechSaaSNew York City, US

Alex Sambvani(Founder)inGabe(Co-founder)Gabe Duncan(Founder)Gabriel Duncan(Founder)

Co-investorsBlue Trail Partners Collide Capital Homebrew Path Ventures Stage 2 Capital StartX +7 more

Soofasoofadigital.com in 𝕏May 2017

Soofa manufactures and operates solar-powered digital kiosks for outdoor advertising and city communications.

AdTechCleantechGovTechHardwareIoTBoston, US

Sandra Ferguson(Founder)in

Co-investorsBantam Group Eastward Capital Partners Momenta Ventures The E14 Fund Accomplice Pillar VC

Tamrtamr.com in

Tamr provides a multi-domain master data management platform that unifies and manages multiple core business entities such as customers, suppliers, products, and locations within a single system.

AI & Machine LearningData & InfrastructureEnterprise Software

Andy Palmer(Founder & CEO)inMichael Stonebraker(Co-Founder and Turing Award Winner)

Co-investorsAlumni Ventures Dcode Capital Foothill Ventures Granite Hill GV (Google Ventures)In-Q-Tel +7 more

Terra Securityterra.security inSeed · Sep 2025 · $30M

Terra provides red teaming and offensive security testing for deployed AI systems, including models, copilots, chatbots, and agentic applications.

AI & Machine LearningCybersecurity

Gal Malachi‏(Founder)inShahar Peled‏(Founder)inGal Malachi(Founder)Shahar Peled(Founder)

Co-investorsDell Technologies Capital Felicis Ventures Syn Ventures Seed Management Llc FXP Inner Loop Capital

Transfyrtransfyr.aiAug 2026

Transfyr builds a sensor stack and multimodal AI models that record and analyze the physical execution of scientific experiments, capturing details that distinguish success from failure.

AI & Machine LearningBiotechDeep Tech

Co-investorsGeneral Catalyst Breakout Ventures Lux Capital MVP Ventures Neo SV Angel

Trove Healthtrovehealth.io

Platform building longitudinal database of patient health information for research and clinical insights.

Co-investorsService Provider Capital The MBA Fund Two Lanterns Venture Partners

Vestedvested.co in

Vested provides funding to startup employees so they can exercise their stock options with no out-of-pocket cost, taking a portion of the resulting shares in exchange.

FintechSaaS

Co-investorsBoston Seed Capital

Wabbiwabbisoft.com in 𝕏Nov 2021 · $2M

Wabbi provides a continuous security platform that quantifies application security risk in real time by aggregating vulnerability, compliance, and policy data across development pipelines.

CybersecurityDeveloper ToolsEnterprise SoftwareSaaSBoston, US

Brittany(Founder & CEO)Brittany Greenfield(Founder)inPhil(CTO)Kim(CFO)

Co-investorsaVenture Cisco Investments Emmeline Ventures Mendoza Ventures Work-Bench

Wondermentwonderment.comJan 2022 · $6M

Wonderment was an order tracking solution that has been acquired by Loop and integrated into Loop's post-purchase customer experience platform.

E-commerceSaaSBoston, US

Jessica Meher(Executive Officer, Director)in

Co-investorsCRV (Charles River Ventures)Defy Partners

Zaiuszaius.comApr 2016acquired by Optimizely · Mar 2021

Zaius provided a customer data platform (CDP) and B2C marketing automation software that unified customer data to power personalized marketing campaigns.

AI & Machine LearningData & InfrastructureMarketing TechSaaSBoston, US

Mark Gally(Executive Officer, Director)Spencer Pingry(Executive Officer, Director)inPhilip Wickline(Executive Officer, Director)Salvatore Fondaco(Executive Officer)

BoardRaymond Tacoma(Director)David Skok(Director)in

Co-investorsInsight Partners Leaders Fund Matrix

Zingeroozingeroo.com 𝕏Dec 2021 · $8.5M

Fintech creating social trading experiences that make stock trading social, educational, and accessible.

Co-investorsJoint Effects TBD Angels Social Leverage SquareOne Capital Streamlined Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Aircon Air Freight, Inc.Clockwork Technologies Inc.Commonwealth CryptoGander RoboticsHiwondermentHue BeautyLumanaiPostcardproject44

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 10

10 acquisitions · showing 5

Anyquestionacq. by WHOOPCazenaacq. by ClouderaCodaacq. by GrammarlyIkigai Labsacq. by CelonisZaiusacq. by Optimizely

Portfolio news

latest coverage across their companies

Transfyr launches with $25M in funding to bring physical AI to scientific labs - Tech Startups

Transfyr · techstartups.com · Aug 26, 2026

Cloudera Anywhere Cloud gives AI agents safe, secure access to sensitive data wherever it lives

Cloudera · SiliconANGLE · Aug 19, 2026

Luminai Raises $38M in Series B Funding

Luminai · finsmes.com · Apr 9, 2026

Messari Raises $35M Series B to | SignalBase

Messari · trysignalbase.com · Mar 25, 2026

BusRight Raises $30M in Funding

BusRight · finsmes.com · Mar 18, 2026

Terra Security raises $30m to scale agentic-AI pentesting

Terra Security · fintech.global · Sep 16, 2025

Hypernatural Raises $9.2M in Funding

Hypernatural · finsmes.com · Jul 23, 2025

Quilt Health Closes $6M in Seed Funding

Quilt Health · finsmes.com · Jun 17, 2025

Frequently asked questions

How many investments has Underscore VC made?: Underscore VC has 84 tracked investments, 10 of which have exited, including 10 dated in the last 24 months.
What stage does Underscore VC invest at?: Underscore VC invests at the Pre-Seed, Seed, Series A stages.
What sectors does Underscore VC focus on?: Underscore VC focuses on AI & Machine Learning, Crypto & Web3, Cybersecurity, Developer Tools, E-commerce, Enterprise Software, Fintech, Healthtech, InsurTech, Logistics & Supply Chain, Robotics, SaaS.
Where is Underscore VC located?: Underscore VC is headquartered in Boston, US.
Does Underscore VC lead rounds?: Underscore VC typically participates in rounds rather than leading them.
Who does Underscore VC co-invest with?: Underscore VC most often shares deals with Alumni Ventures, Y Combinator, G20 Ventures, among 207 tracked co-investors.
What size deals does Underscore VC back?: Across 19 deals with disclosed amounts, Underscore VC has joined rounds of $500K – $30M (median $5M).

Media · Podcasts & interviews

featuring the team

Underscore VC’s Lily Lyman on How She Identifies Founders Who are ‘Real Deal’

New York Stock Exchange · Lily Lyman

Underscore VC’s Lily Lyman Talks ’Whole New Ballgame’ of AI Investing

Lily Lyman · finance.yahoo.com

Lily Lyman from Underscore VC shares how volatility is the new normal. Be a high velocity learner!

MGMT Boston - The Lantern · Lily Lyman

Lily Lyman, General Partner at Underscore VC - Feb 2026

MGMT Boston - The Lantern · Lily Lyman

Lily Lyman, General Partner at Underscore VC

MGMT Boston - The Lantern · Lily Lyman

Chris Gardner, Partner at Underscore VC - The VentureFizz Podcast

VentureFizz · Chris Gardner

Co-investors · 49

General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

Both backed · 6

Coda Luminai Macro Multiverse TetraScience Transfyr

$30M

Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

Both backed · 6

Bizzen BusRight Clockwork Movemint Orionsec Tamr

$100K – $10M

Afore Capital

Afore Capital is a $500M pre-seed venture fund that invests in pre-traction, early-stage companies, leveraging product and investment expertise to support founders from day zero.

Both backed · 4

Civilgrid Elyrian Goldcast Herald

$500K – $2M

G20 Ventures

G20 Ventures is an early-stage venture capital firm that backs new businesses with capital, storytelling support, and connections, with a focus on enterprise SaaS companies.

Both backed · 4

Clockwork CloudZero Mable Mautic

$2M – $5M

Venrock

Venrock is a venture capital firm investing across technology and healthcare, backing companies in fintech, developer infrastructure, life sciences, therapeutics, semiconductors, and consumer products.

Both backed · 3

Mable Salsify3Box

$500K – $10M

Greylock Partners

Greylock Partners is an early-stage venture capital firm that partners with founders building companies from inception. Its partners make only one or two new investments per year to focus deeply on each partnership.

Both backed · 2

Cloudera Coda

$100K – $10M

CRV (Charles River Ventures)

CRV is a venture capital firm that backs founders at the seed and Series A stages, focusing on those with deep conviction and unique insights.

Both backed · 2

Luminai Wonderment

$250K – $5M

Emergence Capital Partners

Emergence Capital is a venture capital firm that partners with founders building B2B software companies, from early-stage cloud and SaaS pioneers to AI-native innovators.

Both backed · 2

ClearMetal Hi Marley

$500K – $10M

MaC Venture Capital

MaC Venture Capital is an early-stage, seed-focused venture capital firm that backs founders building culture-defining companies.

Both backed · 2

Korl Quilt Health

$1M – $4M

Defy Partners

Defy Partners is an early-stage venture capital firm that backs entrepreneurs building enduring companies.

Both backed · 2

Apploi Wonderment

$3M – $10M

Glasswing Ventures

Glasswing Ventures is an early-stage venture capital firm that backs founders building enterprise and security solutions powered by AI and frontier technology.

Both backed · 2

Hue Hue Beauty

$100K – $5M

SV Angel

SV Angel is a San Francisco-based firm that invests long-term in founders, supporting them with advice, introductions, and network access at key business inflection points.

Both backed · 1

Transfyr

$150K – $20M

▶37 more co-investors

Bain Capital Ventures Menlo Ventures FirstMark Capital Slow Ventures Ulu Ventures Hack VC 2048 Ventures Threshold Ventures Uncorrelated Ventures Fika Alven Flare Capital Partners TRANSFORMATION CAPITAL SparkLabs Global Ventures Eight Roads Ventures Impellent Ventures Nascent Navitas Capital Redpoint Ventures Benchmark Goat Capital NextView Ventures SignalFire Accel-KKR Stride VC Trajectory Ventures Thrive Capital Gusto Pear VC Cyberstarts Standard Capital NewView Capital Syngenta Group Ventures Page One Ventures Stellation Capital Aglae Ventures Lagrange Labs

Firms observed investing alongside Underscore VC, from public investor directories. Shared companies are the overlap with Underscore VC's recorded portfolio.

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Everywhere Ventures

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Monashees is a Latin American venture capital firm backing technology-driven founders building category-defining companies from the region for global markets.

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Khosla Ventures

Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.

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Flucas Ventures

Flucas Ventures is a solo GP fund led by Ashley Flucas, who simultaneously serves as COO of Summit Ventures while personally investing in 250-275+ startups and deploying over $75M through a syndicate of 2,000+ LPs in less than two years. The fund operates with true stage, sector, and geography agnosticism while democratizing access to top-tier venture deals by inviting diverse, nontraditional LPs to co-invest alongside marquee firms like Sequoia and Andreessen Horowitz.

$100K – $5M