Underline Ventures
Underline Ventures is an early-stage venture capital fund based in Bucharest, Romania, founded in 2022 by Bogdan Iordache. As Eastern Europe’s first solo-GP venture fund, it focuses on partnering with Eastern European founders at the pre-seed, seed, and late-seed stages to develop high-growth B2B and deep-tech startups with global ambitions. The firm emphasizes founder control and long-term alignment, providing capital and strategic guidance to its portfolio companies. Underline Ventures typically invests around $500,000 and offers hands-on operational support, helping founders define their s
Investing activity
Underline Ventures appears in 2 AI deals tracked by the AI Lounge deals desk. The rounds are mostly Pre-seed and Seed, with a median round size of $6M. The most recent are Embedd (Pre-seed, €2.31M, Aug 2026) and DesignVerse (Seed, $5.5M, May 2026).
Underline Ventures most often invests alongside Seedcamp, Cocoa Ventures, u.ventures and Roosh Ventures, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Underline Ventures
What AI companies has Underline Ventures invested in?
Underline Ventures's AI investments include Embedd and DesignVerse. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Underline Ventures based?
Underline Ventures is based in Bucharest, Bucharest, Romania.
What stage does Underline Ventures invest at?
In the rounds tracked on AI Lounge, Underline Ventures has invested at Pre-seed and Seed, with a median round of $6M.
Who does Underline Ventures co-invest with?
Underline Ventures's most frequent co-investors on AI Lounge are Seedcamp (1 deal), Cocoa Ventures (1 deal), u.ventures (1 deal), Roosh Ventures (1 deal) and Common Magic (1 deal).
How can founders reach Underline Ventures?
Founders on AI Lounge can see Underline Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Underline Ventures to their Investor Pipeline to track the conversation.