# Underdog Labs: portfolio, investments and team

> Underdog Labs is a vc firm based in United States. 2 investments on record, latest Feb 2025. Portfolio, stages, co-investors and team.

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

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

# Underdog Labs

Filed with the SEC to raise a fund in Feb 2026, closing $10M. Last cheque observed Feb 2025.

Email

VC firm Quiet New fund $10M, Feb 2026

Pre-seed Seed Series A B2B Software Consumer Healthtech

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **643** days **00** hrs **00** min **00** sec

Median round **$4.0M** Rounds led **0 of 2**

Pitch Underdog Labs

## Underdog Labs highlights

- 01 2 rounds on record
- 02 Mostly Seed: 100% of its rounds

## What they do

> Underdog Labs is an early stage (pre-seed) fund solely focused on helping entrepreneurs with piercing vision create and scale successful companies. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $5K – $500K as they say
- **Stages:** Pre-seed Seed Series A
- **Sectors:** B2B Software Consumer Healthtech
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **2 appearances**

- **2025** 1 round
- **Feb** **[Keebler Health](https://millionrounds.com/company/keebler-health)** Seed · US · New Stack Ventures **$6.0M** With 10 others
- **2024** 1 round
- **Dec** **[Nowadays](https://millionrounds.com/company/nowadays)** Seed · US · TechCrunch **$2.0M** With 7 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.

## The team

We hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

New fund on file

**$10M**

raised in Feb 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$4.0M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Said size:** $5K – $500K
- **Sole investor:** Never alone
- **Last cheque:** Feb 2025

Rounds by stage said on their site

- Seed said *2*
- Pre-seed said *-*
- Series A said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Underdog Labs put money into.

[**Keebler Health** $6.0M · Feb 2025](https://millionrounds.com/company/keebler-health)

## Quick answers about Underdog Labs

### What does Underdog Labs invest in?

Underdog Labs invests most often at Seed (100% of the rounds on record), in sectors such as B2B Software, Consumer and Healthtech.

### How active is Underdog Labs?

2 investments on record, 0 of them in the last 12 months. The most recent was in Feb 2025.

### What has Underdog Labs invested in recently?

Its most recent investments on record: Keebler Health (Seed, Feb 2025) and Nowadays (Seed, Dec 2024).

### How big are Underdog Labs's cheques?

The median round it joins is $4.0M.

### Is Underdog Labs investing now?

No investments in the last 12 months; the latest was in Feb 2025.

### What kind of investor is Underdog Labs?

Underdog Labs is a VC firm based in San Francisco, United States.

### Has Underdog Labs raised a new fund?

Its latest fund filing with the SEC was in Feb 2026, reporting $10M raised.

### Where does this information on Underdog Labs come from?

From 2 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=underdog-labs) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=underdog-labs)