About Underline Ventures
Underline Ventures is a venture capital firm founded in 2022. It is primarily based out of Bucharest, Romania. As of Sep 2026, Underline Ventures is an active investor, having invested in 14 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Romania based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Veridion A lot of funds co-invest with Underline Ventures, with names like LAUNCHUB sharing a substantial percentage of its portfolio. Underline Ventures has team of 16 people including 9 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Underline Ventures' List of Top Investments
Underline Ventures has a portfolio of 14 companies. Their most notable investments are in Veridion and Veridion.Their portfolio spans across Romania, United States, Germany and 3 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 5 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Underline Ventures:1. Bible Chat
Christian counseling and Bible study app. The platform offers interactive Bible study tools, including AI-powered assistance for exploring scripture and receiving spiritual guidance. Users can access Bible verses, lessons, and trivia, as well as personalized prayer creation and journaling features. The app also provides resources on various biblical topics and facilitates community engagement through shared questions and answers. It aims to support users in their faith journey, offering encouragement and answers to life's challenges.
Key facts about Bible Chat
- Founded Year: 2023
- Location: United States
- Stage: Series A
- Total Funding till date: $14M
- Employee Count: 38 as on Sep 30, 2026
- Investors: True Ventures, Silicon Gardens and 3 Others
- Latest Funding Round: Series A, Feb 19, 2025, $*****
- Highlight: Editors' Pick

2. Veridion
Key facts about Veridion
- Founded Year: 2019
- Location: Bucharest (Romania)
- Stage: Series A
- Total Funding till date: $27.5M
- Employee Count: 60 as on Sep 30, 2026
- Investors: Gecad Ventures, OTB Ventures and 7 Others
- Latest Funding Round: Series A, Sep 16, 2026, $*****
3. Embedd
Provider of software for hardware abstraction and chip integration solutions. The company offers tools for automated processing of chip documentation into structured data models. It provides a user interface for configuring microcontrollers and generating device configurations. The software supports deterministic code generation for various target environments.
Key facts about Embedd

4. Nestor
Cloud-based HRMS platform for enterprises. It is an AI-based coaching assistant which provides a solution such as skill development, coaching practice, employee engagement, and performance management and identifies unhealthy behaviors and risks in the company, workforce analytics, workflow automation, budget management, etc
Key facts about Nestor
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.12M
- Employee Count: 65 as on Sep 30, 2026
- Investors: Eleven, Y Combinator and 2 Others
- Latest Funding Round: Seed, Dec 07, 2022, $*****

5. Almetra
Developer of artificial intelligence systems for monitoring industrial factory processes. The technology integrates computer vision and sensor data to capture real-time production activities, identify bottlenecks, and measure cycle times. By processing visual information and operational signals from existing equipment, the platform generates structured insights into shopfloor workflows. These systems translate complex manufacturing movements into process graphs, enabling teams to evaluate station performance and identify non-value-adding activities. The intelligence layer functions as a foundation for automation, helping to determine the feasibility of robotic tasks based on observed human work patterns. Designed for deployment in industrial environments, the architecture prioritizes data privacy through edge processing and anonymization techniques. The platform supports continuous improvement by connecting raw operational data with production goals, facilitating decision-making through analysis of actual shopfloor behavior rather than manual reports or assumptions.
Key facts about Almetra
- Founded Year: 2022
- Location: Berlin (Germany)
- Stage: Series A
- Total Funding till date: $18.5M
- Employee Count: 60 as on Sep 30, 2026
- Investors: Blisce, Critical Ventures and 4 Others
- Latest Funding Round: Series A, Jun 25, 2026, $*****
Underline Ventures' Year-on-Year Investment Trends
Underline Ventures has invested in 14 companies over the last 4 years, with an average of 3 new investments annually in the last 3 years. In 2025, it made 2 investments, while as of Sep 2026, it has made 4 investments in this year. Its most recent first time investment was in Embedd and most recent follow-on round was in Veridion.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 2 | 0 | 2 |
2024 | 4 | 1 | 5 |
2023 | 2 | 0 | 2 |
2022 | 3 | 0 | 3 |
Underline Ventures' Investments by Stage
Underline Ventures has made 12 investments in Seed stage with an average round size of $2.84M and 2 investments in Series A stage with an average round size of $16.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 2 |
Note: We have considered here, only first round of investments
Underline Ventures' Investments by Sector
Underline Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Vertical SaaS, Business Services and High Tech. Notably, it has invested in 11 Tech companies, 10 Software companies, 9 Enterprise (B2B) companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Consumer | 3 |
Vertical SaaS | 3 |
Business Services | 2 |
High Tech | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Underline Ventures' Investments by Geography
Underline Ventures has made most investments in Romania (5), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
Romania | 5 |
United States | 4 |
Germany | 1 |
Italy | 1 |
Serbia | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Underline Ventures' recent investments
Underline Ventures has made 4 investments in 2026 so far. Veridion and Embedd are the latest among them.Here are the most recent investments by Underline Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 16, 2026 | Romania | Series A | 1351 | [+4] | |
Aug 24, 2026 | Italy | Seed | 5271 | [+7] | |
Jun 25, 2026 | Germany | Series A | 8506 | [+4] | |
May 13, 2026 | - | Seed | 9508 | [+1] | |
Feb 19, 2025 | United States | Series A | 9542 | [+3] |
Team profile of Underline Ventures
Underline Ventures has a team of 16 members including 9 Partners, 3 Venture Partners and 1 Principal located in Romania, United States and 1 more location. Underline Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Underline Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bucharest | - | ||
Partner | New York | - | - | |
Partner | Bucharest | - | - | |
Partner | Bucharest | - | - | |
Partner | Bucharest | - | - | |
Partner | Bucharest | - | - | |
Partner | New York City | - | - | |
Partner | Bucharest | - | - | |
Partner | Bucharest | - | - | |
Venture Partner | Bucharest | - | - | |
Venture Partner | - | - | - |
Co-investors of Underline Ventures
Over the past 4 years, 49 investors have co-invested in Underline Ventures's portfolio companies. This includes funds and angels.
- Invested before Underline Ventures: Day One Capital, Gapminder and 5 others have invested in rounds before Underline Ventures. There are 2 companies where Day One Capital has invested before Underline Ventures and 2 companies where Gapminder has invested before Underline Ventures.
- Top Co-investors of Underline Ventures: 40 investors entered a company along with Underline Ventures. These include investors like LAUNCHUB (3 companies).
- Invested after Underline Ventures: Hoxton Ventures (1 company) and Bessemer Venture Partners (1 company) are the investors which have invested in Underline Ventures's portfolio after their investments.
Recent News related to Underline Ventures
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Embedd Raises €2.31M for Physical AI InfrastructureRecurisve Media JSC•Aug 24, 2026•Embedd, Underline Ventures, Microchip Technology, Connect Ventures and 8 others
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Bucharest's DesignVerse Raises Over €4.6 Million Seed Funding for Aviation Software ModernizationEU-Startups•May 13, 2026•DesignVerse, Underline Ventures, Begin Capital, Gapminder
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Romanian Startup Bible Chat Raises $14 Million Series A Investmentstart-up•Feb 19, 2025•True Ventures, Early Game Ventures, Plug and Play Tech Center, BibleChat and 6 others
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Bulgarian UVIONIX secures $3.5M seed funding led by LAUNCHub Venturesstart-up•Feb 10, 2025•Uvionix Aerospace Corporation, LAUNCHUB, Portfolio, Underline Ventures and 5 others
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The Romanians from Underline invest in flying robots in Bulgariastart-up•Feb 10, 2025•Uvionix Aerospace Corporation, Underline Ventures, LAUNCHub Ventures, Portfolion and 2 others
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Turneo Raises €2m Seed Funding led by Bessemer Venture Partners to further expand its revolutionary hospitality technologyHospitality Net•Sep 22, 2024•Turneo, Bessemer Venture Partners, Underline Ventures
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Croat-founded start-up Turneo raises 2 mln euro seed fundingSeeNews•Sep 18, 2024•Turneo, Bessemer Venture Partners, Underline Ventures, Turno
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Mixed reality game studio MixRift secures $1.6 million in pre-seed funding to expand content for Meta Quest 3 and Vision ProMogura VR•Aug 08, 2024•MixRift, Underline Ventures, SOSV, Outsized Ventures
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Romanian Underline Ventures Invests in Diaspora Founders Together With International VCsRecurisve Media JSC•Aug 07, 2024•MixRift, Underline Ventures, SOSV
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Dublin-based MixRift raises €1.4 million to bring mixed reality gaming to the massesEU-Startups•Aug 07, 2024•MixRift, Underline Ventures, SOSV, Outsized Ventures
