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Underscore VC

Founders C.A. Webb John Pearce Michael Skok Richard F. Dulude

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 93
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 60
Rounds per year 10.33
Lead investments 22
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.34
Exits 4
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • SaaS
  • Information Technology
  • FinTech
  • Financial Services
Summary

Underscore VC is the famous VC, which was founded in 2015. The company was established in North America in United States. The leading representative office of defined VC is situated in the Boston.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the Underscore VC, startups are often financed by Matrix Partners, Struck Capital, Storm Ventures. The meaningful sponsors for the fund in investment in the same round are Matrix Partners, Struck Capital, Storm Ventures. In the next rounds fund is usually obtained by Matrix Partners, Struck Capital, Storm Ventures.

The fund is constantly included in 2-6 deals per year. The top amount of exits for fund were in 2019. Considering the real fund results, this VC is 34 percentage points more often commits exit comparing to other organizations. The usual things for fund are deals in the range of 10 - 50 millions dollars. The top activity for fund was in 2018. This Underscore VC works on 21 percentage points less the average amount of lead investments comparing to the other organizations.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most popular fund investment industries, there are Financial Services, CRM. Among the most popular portfolio startups of the fund, we may highlight Zaius, Salsify, Basis. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

The fund was created by C.A. Webb, John Pearce, Michael Skok, Richard Dulude. Besides them, we counted 3 critical employees of this fund in our database.

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Related Funds

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These funds often invest in the rounds preceeding the rounds of Underscore VC:
Typical Co-investors
Underscore VC is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Underscore VC:

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Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Herald

Developer APIs
Insurance
16 Oct 2024 Boston, Massachusetts, United States

Movemint

13 May 2024 Oakland, California, United States

Aircon

Air Transportation
Software
Supply Chain Management
$3M21 Aug 2023 -

Nova

Artificial Intelligence
Content
01 Aug 2023 New York, New York, United States

BusRight

Information Technology
Software
$7M20 Jul 2023 Boston, Massachusetts, United States

Slang

Internet
$12M28 Jun 2023 New York, New York, United States

Slang

Internet
$8M27 Jun 2023 New York, New York, United States

CloudZero

Cloud Computing
Cloud Management
Developer Tools
Machine Learning
SaaS
Software
$32M12 Jun 2023 Boston, Massachusetts, United States

Cenoa

FinTech
Software
$7M06 Feb 2023 Singapore, Central Region, Singapore
News
Founded by ex-Braintree and PayPal execs, Pagos raises $10M to offer API-driven payment intelligence

– Pagos, a payment intelligence infrastructure startup, raised $10m in seed funding.
– The round was led by Underscore VC and Point72 Ventures, and joined by angels including former Venmo GM and current Accel investor Amit Jhawar; Bill Ready, Google’s president of commerce & payments; Billy Chen, VP of financial partnerships at Finix and former director of payments at Uber; and Rich LaBarca, GM of Dynamics 365 Customer Insights at Microsoft.
– The company is building a data “platform” and API-driven micro-services that it says can integrate with any payment stack.

Messari Raises $21M in Series A Funding

– Messari is a NYC-based crypto market intelligence company.
– The company closed a $21m Series A funding.
Point72 Ventures led the round with participation from Coinbase Ventures, Uncork Capital, and Underscore VC as well as new strategic investors Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures, and Nascent.
– The company intends to use the funds to expand the global reach of its Pro and Enterprise product suites, triple the size of its engineering and research teams, introduce new offerings that streamline participation in decentralized projects and their communities and to grow its institutional footprint and its community research and educational content, including the production of Mainnet 2021, Messari’s annual summit, which the company will host September 20-22 in New York City.

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Total investments 93
Average round size 15M
Rounds per year 10.33
Peak activity year 2020
Lead investments 22
Follow on index 0.34
Exits 4
Group Appearance index 0.87

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Herald

Developer APIs
Insurance
16 Oct 2024 Boston, Massachusetts, United States

Movemint

13 May 2024 Oakland, California, United States

Aircon

Air Transportation
Software
Supply Chain Management
$3M21 Aug 2023 -

Nova

Artificial Intelligence
Content
01 Aug 2023 New York, New York, United States

BusRight

Information Technology
Software
$7M20 Jul 2023 Boston, Massachusetts, United States

Slang

Internet
$12M28 Jun 2023 New York, New York, United States

Slang

Internet
$8M27 Jun 2023 New York, New York, United States

CloudZero

Cloud Computing
Cloud Management
Developer Tools
Machine Learning
SaaS
Software
$32M12 Jun 2023 Boston, Massachusetts, United States

Cenoa

FinTech
Software
$7M06 Feb 2023 Singapore, Central Region, Singapore
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