
Underline Ventures is Eastern Europe's first solo-GP venture capital fund, based in Bucharest, Romania. It partners with Eastern European founders at the earliest stages (pre-seed and seed) to build high-growth startups with global ambitions, providing capital and hands-on support across recruitment, marketing, sales, and fundraising.
Their most common stage is pre-seed (40% of deals). Average disclosed round size is $5.7M (across 7 rounds with reported amounts).
Portfolio
13
Fund Size
$20M
Top Stage
Pre Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Series A | $19M | Jan 2026 | |
| Series A | — | Feb 2025 | |
| Series A | — | Jan 2025 | |
| Pre-Seed | — | Aug 2024 | |
| Seed | $3M | Mar 2023 | |
| Seed | $6M | Feb 2023 | |
| Pre-Seed | — | Nov 2022 | |
| Pre-Seed | — | Nov 2022 | |
| Pre-Seed | — | Jan 2022 | |
| Seed | $2M | — | |
| Pre-Seed | — | — | |
| Pre-Seed | $2.7M | — | |
| Seed | $1.5M | — | |
| Seed | $5.5M | — | |
| Seed | — | — |
Top Co-Investors
GapMinder3 shared
Earlybird Venture Capital3 shared
Credo Ventures3 shared
private angel investors2 shared
Robin Capital2 shared
Bek Ventures2 shared
True Ventures2 shared
Early Game Ventures2 shared
SOSV1 shared
Courtside Ventures1 shared
Day One Ventures1 shared
Experian Ventures1 shared
OTB Ventures1 shared
blisce/1 shared
Merantix1 shared
NAP1 shared
Y Combinator1 shared
Seedcamp1 shared
Cocoa1 shared
Roosh1 shared
Last updated: 20 October 2026