Bucharest-based venture capital firm backing early-stage Eastern European founders building businesses for global markets. Its focus includes enterprise AI and automation, industrial technology, cybersecurity, defense and space technology. It combines investment capital with hands-on support in product strategy, hiring, communications, growth and financial operations. The manager is Underline Ventures B.V., registered in the Netherlands.
Founded
2021
Type
Venture capital
Funds1
Underline Ventures Fund I$20M
Inaugural early-stage venture fund backing Eastern European founders in global technology markets, including AI, cybersecurity and industrial technology. General partner Bogdan Iordache announced the precise USD20.05 million final total in his November 15, 2023 first-person account. The final private closing occurred in October 2023; the day is undisclosed. USD20 million is the rounded public headline.
