Fundraising Fox

Lily Lyman

Investor

General Partner at Underscore VC

Boston, Massachusetts

Writes $1M – $5M checks · typically $2.5M

About

Lily Lyman is an investor at Underscore VC, where she focuses on workflow automation and Vertical AI across insurance, healthcare, and life sciences, and also contributes to the firm's management. She previously worked as a growth leader at Facebook and held strategy, operational, and entrepreneurial roles, including co-founding an agtech and CPG startup while at Stanford. She holds an undergraduate degree from Harvard University and an MBA from Stanford Graduate School of Business, along with certificates from Columbia Business School and Stanford GSB.

LinkedIn ↗X / Twitter ↗Website ↗
Latest on 𝕏

Lily Lyman @lilylyman

Truly a whole new ballgame out there for AI founders. Enjoyed joining @NYSE Floor Talk to chat about what we look for at @UnderscoreVC when backing early-stage builders. TLDR - It’s less about having a perfect product on Day 1, and more about your velocity of learning. https://t.co/Es0n9D1qsO

Jul 21, 2026 · ♥ 4

Lily Lyman @lilylyman

Here we go team! https://t.co/Xcc0ms4Qy8

Feb 24, 2026 · ♥ 8

Lily Lyman @lilylyman

Congrats to the Orion Security team on their $32M Series A, led by @NorwestVP Understanding the context and the *why* behind data in motion is critical for modern DLP and AI has made that possible. These guys are going hard at this 🚀opportunity! https://t.co/ayCcFvOyZt

Feb 3, 2026 · ♥ 5

Invests in

AI & Machine LearningBiotechHealthtechInsurTech

Experience

  1. Underscore VCGeneral Partnercurrent2018 — presentBoston
  2. WBURMember Board of Directorscurrent2024 — presentBoston, Massachusetts, United States
  3. New England Venture Capital AssociationBoard Member, Vice Chaircurrent2022 — presentBoston, Massachusetts, United States
  4. Allston Venture FundFunding Board membercurrent2022 — presentBoston, Massachusetts, United States
  5. MIT Sandbox Innovation Fund ProgramFunding Board Membercurrent2022 — presentBoston, Massachusetts, United States
  6. All RaiseBoston Chapter, Leadership teamcurrent2020 — present
  7. FacebookGrowth & Connectivity2013 — 2018Menlo Park
  8. Yard VenturesInvestment Committee Member2016 — 2018
  9. NECTCo-Founder2014 — 2015
  10. Dalberg Global Development AdvisorsConsultant2010 — 2012New York
  11. EndeavorPiLA + Entrepreneur Services (Global)2008 — 2010Chile, New York

Education

  1. Stanford University Graduate School of BusinessMaster of Business Administration (MBA)
  2. Harvard UniversityBA, Social Studies
  3. Columbia Business SchoolEntrepreneurship and Competitiveness Certificate, Entrepreneurship/Entrepreneurial Studies

Skills & more

Strategic Planning8Strategy30Spanish3Entrepreneurship51Business Strategy15Management Consulting15Social Entrepreneurship21International Development8Emerging Markets12Start-ups15Non-profits2Community Outreach
+9 moreStrategic ConsultingPolicy AnalysisMarket EntryMarket ResearchNonprofitsBusiness DevelopmentAnalyticsFinancial ModelingStrategic Partnerships

Languages Spanish

From Lily's professional profile.

Same school

Also attended Stanford University Graduate School of Business1,150

Roelof BothaAdvisor & former Steward at Sequoia Capital; SpaceX board memberPeter FentonGeneral Partner at BenchmarkSteve JurvetsonCo-founder of Future VenturesDavid SzeAdvisory Partner at GreylockKatherine BoyleGeneral Partner at Andreessen Horowitz (American Dynamism)Hunter WalkCo-founder & Partner at Homebrew

+ 1,144 more

Also attended Harvard University1,173

Alfred LinPartner at Sequoia CapitalChris DixonFounder & Managing Partner of a16z crypto at Andreessen HorowitzSarah TavelVenture Partner at BenchmarkDanny RimerPartner at Index VenturesLaela SturdyManaging Partner at CapitalGRyan IsonoDeal Partner at Felicis Ventures

+ 1,167 more

Also attended Columbia Business School576

Aryo TehranianManaging Director at Mayfair Equity PartnersYibo NianInvestment Director at Intel CapitalKesha CashFounder & General Partner at Impact America FundMahati SridharPartner, Rise of the Rest at RevolutionGiuseppe IademarcoHead of Global Partnership at P101 VenturesWendy XiaoPartner at Northzone

+ 570 more

Shared employers

Also worked at Underscore VC24

Chris GardnerPartner at Underscore VCBrian DevaneyPartner at Underscore VCGabrielle McCarthySenior Investment Associate at Underscore VCDevin NashVice President, Brand & Experience at Underscore VCClaire CrowtherVice President, Strategy & Operations at Underscore VCRichard DuludeVenture Partner at Underscore VC

+ 18 more

Also worked at WBUR1

Asad ButtPartner at LearnLaunch Fund Accelerator

Also worked at All Raise47

Aileen LeeFounder & Managing Partner of Cowboy VenturesJess LeePartner and Chief Product Officer at Sequoia CapitalByron DeeterPartner at Bessemer Venture PartnersHolly MaloneyInvestment Team at General CatalystMaya MatthewsSenior Associate at March Capital PartnersStacey BishopPartner at Scale Venture Partners

+ 41 more

Also worked at Yard Ventures3

Ryan IsonoDeal Partner at Felicis VenturesKristin McDonnellManaging Partner & Founder at Menlo GroupTobias WeidnerManaging Director at Warburg Pincus

Deals · 1

DarbyBoard seat

via Underscore VC · filed Dec 2024 · $6.3M raise

Attribution from SEC filings, press coverage, and firm rosters.

Colleagues at Underscore VC

Amy Villeneuve
Board Director, Advisor & Past COO and President of Amazon Robotics at Underscore VC
Andy Palmer
Co-Founder of Tamr at Underscore VC
Brian Devaney
Partner at Underscore VC
Brian Fakhoury
Investment Analyst at Underscore VC
Chris Gardner
Partner at Underscore VC
Claire Crowther
Vice President, Strategy & Operations at Underscore VC
Corey Thomas
Chairman & CEO of Rapid7 at Underscore VC
Devin Nash
Vice President, Brand & Experience at Underscore VC

Network2

Brian Devaney
Partner at Underscore VC
Chris Gardner
Partner at Underscore VC

Investors connected to Lily in public investor directories — a warm-intro map.