# Undercurrent: portfolio, investments and team

> Undercurrent is a vc firm based in United States. 7 investments on record, latest May 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/undercurrent (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Undercurrent

Last cheque observed May 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Seed Series A Public Transportation Travel Advertising

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 7 on record

Since the last cheque **4177** days **00** hrs **00** min **00** sec

Median round **$2.3M** Rounds led **0 of 7** Exits **1 from the portfolio** Mostly in **United States, 86%**

Pitch Undercurrent

## Undercurrent highlights

- 01 7 rounds on record
- 02 Mostly Seed and Series A: 100% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Public Transportation Travel Advertising
- **Based in:** Global, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **7 appearances**

- **2015** 2 rounds
- **May** **[Metabiota](https://millionrounds.com/company/metabiota)** Series A · US **$32M** With 11 others
- **Mar** **[SplashThat](https://millionrounds.com/company/splashthat)** Series A · US **$6.0M** With 15 others
- **2014** 1 round
- **Mar** **[Metabiota](https://millionrounds.com/company/metabiota)** Seed · US **$2.8M** With 9 others
- **2013** 4 rounds
- **Aug** **[Startups](https://millionrounds.com/company/startups)** Seed · IN · gigaom.com **$2.3M** With 3 others
- **Aug** **[Dragon Innovation](https://millionrounds.com/company/dragon-innovation)** Seed · US **$2.3M** With 4 others
- **Jun** **[Dashbell](https://millionrounds.com/company/dashbell)** Seed · US **$363K** With 15 others
- **Apr** **[Grand St.](https://millionrounds.com/company/grand-st)** Seed · US · techcrunch.com **$1.3M** With 8 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Grand St.](https://millionrounds.com/company/grand-st)** Bought by [Etsy](https://millionrounds.com/fund/etsy) **Undisclosed** Apr 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A

Median round joined **$2.3M** the round, not its cheque

Led 0 of 7 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** May 2015
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed *5*
- Series A *2*

Cheques by year Led Joined

2013 2015

Often in the room with

- [BoxGroup](https://millionrounds.com/fund/boxgroup) 3
- [DCVC](https://millionrounds.com/fund/data-collective) 2
- [Flybridge](https://millionrounds.com/fund/flybridge) 2
- [Foundry Group](https://millionrounds.com/fund/foundry) 2
- [HVF](https://millionrounds.com/fund/hvf) 2
- [James Joaquin](https://millionrounds.com/fund/james-joaquin) 2

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## Who they invest alongside

The investors most often in the same rounds as Undercurrent. A count of rooms they were both in, not a relationship either has claimed.

[**BoxGroup** VC firm **3** rounds together](https://millionrounds.com/fund/boxgroup)[**DCVC** VC firm **2** rounds together](https://millionrounds.com/fund/data-collective)[**Flybridge** VC firm **2** rounds together](https://millionrounds.com/fund/flybridge)[**Foundry Group** VC firm **2** rounds together](https://millionrounds.com/fund/foundry)[**HVF** VC firm **2** rounds together](https://millionrounds.com/fund/hvf)[**James Joaquin** Angel **2** rounds together](https://millionrounds.com/fund/james-joaquin)[**Lerer Hippeau** VC firm **2** rounds together](https://millionrounds.com/fund/lerer-hippeau)[**RSTP** VC firm **2** rounds together](https://millionrounds.com/fund/rstp)[**Tao Capital Partners** Family office **2** rounds together](https://millionrounds.com/fund/tao-capital-partners)

## Quick answers about Undercurrent

### What does Undercurrent invest in?

Undercurrent invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Public Transportation, Travel and Advertising.

### How active is Undercurrent?

7 investments on record, 0 of them in the last 12 months. The most recent was in May 2015.

### How big are Undercurrent's cheques?

The median round it joins is $2.3M.

### Does Undercurrent lead rounds?

Rarely, if at all: none of its 7 investments on record names it as the lead.

### Where does Undercurrent invest?

Most of the companies it backs are in the United States (86%) and India (14%).

### Is Undercurrent investing now?

No investments in the last 12 months; the latest was in May 2015.

### Who does Undercurrent invest alongside?

Most often BoxGroup (3 rounds together), DCVC (2 rounds together) and Flybridge (2 rounds together).

### What kind of investor is Undercurrent?

Undercurrent is a VC firm based in Global, United States.

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