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Investors / Romania / Underline Ventures

Underline Ventures

Venture capital · Bucharest, Romania · Europe

underline.vc

Underline Ventures is a venture capital firm that invests at seed stage alongside other investors, with an average cheque of $500,000. It helps founders define strategy, milestones and priorities from seed to Series A and connects them with capital and talent.

Invests inEnterprise SoftwareAI & Machine LearningIndustrial & Manufacturing

In its own wordsagentic aiindustrial techspace techdefence techfounder-led salesb2b software

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17portfolio companies
6funding rounds on record
4rounds, last 12 months
$5M to $20Mtypical round it comes in at
Series Amost frequent entry
EuVECA fund registered with AFMlatest fund

Underline Ventures lists 17 checked portfolio companies on its own site and is named in 6 funding rounds. Its most frequent entry is Series A, 50% of the companies with a known first round. Its largest themes are Enterprise Software (27%), AI & Machine Learning (17%) and Industrial & Manufacturing (17%). 38% of its companies are based in Romania. It invests most often alongside GapMinder, Robin Capital and LAUNCHub Ventures.

Counts come from funding rounds that name Underline Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Round figures show recent activity, not Underline Ventures' whole history. Rounds on record name 6 companies; its own site lists 17. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed17%
Seed33%
Series A50%
Series B0%
Growth0%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2520
'2640

Investor profile

percentile among all firms
Portfolio size: 17 companiesRecent activity: 4 rounds in 12 monthsEarly stage: 50% of entries at pre-seed or seedEvidence: 24% of companies confirmed by a roundSector focus: 27% in its largest sectorReach: 5 countriesPortfolio size44th pctRecent activity82th pctEarly stage73th pctEvidence94th pctSector focus41th pctReach78th pct
This firmMedian of all firms
Show as a table
Underline Ventures compared with all firms
MeasurePercentile of all firmsValue
Portfolio size44th17 companies
Recent activity82th4 rounds in 12 months
Early stage73th50% of entries at pre-seed or seed
Evidence94th24% of companies confirmed by a round
Sector focus41th27% in its largest sector
Reach78th5 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
Enterprise Software27%8%
AI & Machine Learning17%18%
Industrial & Manufacturing17%7%
E-commerce & Marketplaces10%6%
Education7%7%
Healthcare & Biotech3%15%
Gaming3%1%
Cybersecurity3%4%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
GapMinder3
Robin Capital3
LAUNCHub Ventures2
Merantix Capital2
Silicon Gardens2
2100 Ventures1
7percent Ventures1
Allegis Capital1

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers17100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Compare Underline Ventures head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Funds

from public registers and its site
Underline Ventures Fund I C.V.EuVECA fund registered with AFM, ESMA register

Recent portfolio activity

when companies last raised with Underline Ventures
DateCompanyStage
16 Sept 2026Veridionveridion.comSeries A
24 Aug 2026Link to Embedd's websiteembedd.itPre-Seed
25 Jun 2026almetra.aialmetra.aiSeries A
13 May 2026DesignVersedesignverse.aiSeed
19 Feb 2025thebiblechat.comthebiblechat.comSeries A
10 Feb 2025Uvionixuvionix.comSeed

Round details for Underline Ventures

Amounts, full round histories and every co-investor in Underline Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

17 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
almetra.aialmetra.ai · GermanyAlmetra helps manufacturing teams understand and improve production line performance using AI and video capture technology.
AI & Machine LearningIndustrial & Manufacturing
Jun 2026Series AFunding round
Charter Spacecharter.space · United States
Portfolio page
Almetradeltia.aiAlmetra helps manufacturing teams understand what's really happening on the production line, identify what's holding performance back, and make improvements with confidence instead of assumptions.
Industrial & Manufacturing
Portfolio page
DesignVersedesignverse.ai · RomaniaDesignVerse provides a platform that gives AI the architecture, standards, knowledge, and guardrails it needs to build software consistently, securely, and at scale
Industrial & ManufacturingEnterprise Software
May 2026SeedPage + round
Link to Embedd's websiteembedd.it · United KingdomThe company provides software enablement for semiconductors.
Healthcare & BiotechIndustrial & Manufacturing
Aug 2026Pre-SeedPage + round
Geneziogenezio.comGenezio provides an enterprise AI visibility platform that measures how AI engines represent brands in every market
AI & Machine LearningEnterprise Software
Portfolio page
MixRiftmixrift.com · IrelandMixRift develops and ships XR games
GamingEnterprise Software
Portfolio page
Nestornestorup.comNestor provides an AI workforce intelligence platform for managing and developing employee skills and careers
Human ResourcesAI & Machine Learning
Portfolio page
SaleSquezesalesqueze.comSaleSqueze provides a 3D product configurator for outdoor living products that allows buyers to design and price products online
E-commerce & MarketplacesEnterprise Software
Portfolio page
SERAsera.agSera connects to greenhouses and evaluates crops in real time using live data, horticultural science, and context to reason like a skilled grower would.
AI & Machine LearningAI & Machine Learning
Portfolio page
BibleChatthebiblechat.appBibleChat develops and provides a faith app for Christians to find peace and support through God's Word.
EducationEnterprise Software
Portfolio page
thebiblechat.comthebiblechat.com · RomaniaThe company develops and provides a faith app that helps Christians study the Bible and connect with God's word.
EducationEnterprise Software
Feb 2025Series AFunding round
Trickesttrickest.com · United StatesTrickest is a security execution platform that runs security objectives or methodologies continuously across targets, on agents and tools controlled by the user, at scale and fully visible.
Cybersecurity
Portfolio page
Turneoturneo.com · United KingdomTurneo digitises all services a hotel offers, makes them bookable in all guest touchpoints, and deploys AI Agents to automate the operations
Legal & ComplianceEnterprise Software
Portfolio page
Uvionixuvionix.com · United StatesUvionix provides autonomous aerial intelligence for industrial environments, such as warehouses, using drones and AI-driven perception for real-time verification and monitoring.
Industrial & ManufacturingE-commerce & Marketplaces
Feb 2025SeedPage + round
Veridionveridion.com · RomaniaVeridion provides continuous intelligence data on companies
Enterprise SoftwareFintech
Sept 2026Series APage + round
Videowise 2videowise.comVideowise 2 provides a video commerce platform for ecommerce brands and retailers.
E-commerce & MarketplacesMedia & Entertainment
Portfolio page

About this data

site last read 5 Nov 2026
The homepage of Underline Ventures, as last read
underline.vc as VCinfo last read it
Site
underline.vc
Last read
5 Nov 2026
Watching since
5 Nov 2026
Rounds since
10 Feb 2025
Companies checked
17

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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