# Underscore VC: portfolio, investments and team

> Underscore VC is a vc firm based in United States. 65 investments on record, 8 in the last 12 months, latest Sept 2026.

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

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

# Underscore VC

Last cheque observed Sep 2026; 65 cheques on record.

Email

Deploying now New fund $58M, Apr 2024 VC firm

Pre-seed Seed Series A Smbs Business To Business SaaS

Follow Underscore VC and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Funderscore-vc)

Deploying now

**50%** of best year **8** **cheques in 12 months**, 65 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$7.0M** Cheque size, as they say **$250K – $10M** Rounds led **1 of 65** Sole investor **3 rounds** Mostly in **United States, 85%**

Pitch Underscore VC

## Underscore VC highlights

- 01 8 cheques in the last 12 months
- 02 Mostly Seed and Series A: 63% of its rounds
- 03 Sole investor in 3 rounds, median $4.0M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $250K – $10M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Smbs Business To Business SaaS
- **Based in:** Boston, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **65 appearances**

- **2026** 8 rounds
- **Sept** **[Kaiko](https://millionrounds.com/company/kaiko)** Series B · FR **$57M** With 4 others
- **Aug** **[Transfyr](https://millionrounds.com/company/transfyr)** Seed · US · TechStartups **$25M** With 8 others
- **Aug** **[Subconscious](https://millionrounds.com/company/subconscious)** Seed · US **$5.1M** With 3 others
- **Apr** **[Gander Robotics](https://millionrounds.com/company/gander-robotics)** Pre-seed · US **$1.1M** Sole investor
- **Mar** **[Rexi](https://millionrounds.com/company/rexi)** Pre-seed · AR · Contxto **$1.2M** With 5 others
- **Mar** **[BusRight](https://millionrounds.com/company/busright)** Growth · US · AlleyWatch **$30M** With 3 others
- **Feb** **[Slang AI](https://millionrounds.com/company/slang-ai)** Series B · US · Ventureburn **$36M** With 8 others
- **Feb** **[ORION Security](https://millionrounds.com/company/orion-security)** Series A · US **$32M** With 1 other
- **2025** 12 rounds
- **Oct** **[Terra Security](https://millionrounds.com/company/terra-security)** Venture · US **Undisclosed** With 3 others
- **Oct** **[Kard](https://millionrounds.com/company/kard)** Venture · FR **$15M** With 5 others
- **Jun** **[Vested](https://millionrounds.com/company/vested)** Venture · US **$3.0M** With 2 others
- **Jun** **[Quilt Health](https://millionrounds.com/company/quilt-health)** Seed · US **$6.0M** With 3 others
- **May** **[CloudZero](https://millionrounds.com/company/cloudzero)** Series C · US **$56M** With 1 other
- **May** **[Lendflow](https://millionrounds.com/company/lendflow)** Venture · US **$15M** With 5 others
- **May** **[Korl](https://millionrounds.com/company/korl)** Seed · US **$5.0M** With 2 others
- **Apr** **[Terra Security](https://millionrounds.com/company/terra-security)** Seed · US **$8.0M** With 1 other
- **Apr** **[BusRight](https://millionrounds.com/company/busright)** Series A · US **$20M** With 3 others
- **Mar** **[ORION Security](https://millionrounds.com/company/orion-security)** Seed · US **$6.0M** Sole investor
- **Mar** **[Copley](https://millionrounds.com/company/copley)** Pre-seed · US **$4.8M** With 1 other
- **Mar** **[Movemint](https://millionrounds.com/company/movemint)** Seed · US **$2.4M** With 1 other
- **2024** 8 rounds
- **Dec** **[Hypernatural](https://millionrounds.com/company/hypernatural)** Seed · US **$6.8M** With 1 other
- **Dec** **[Bizzen](https://millionrounds.com/company/bizzen)** Seed · US **$4.0M** With 2 others
- **Oct** **[Herald](https://millionrounds.com/company/herald)** Series A · US **$12M** With 2 others
- **Oct** **[Hue](https://millionrounds.com/company/hue)** Seed · US **$4.5M** With 5 others
- **Jul** **[Kudos](https://millionrounds.com/company/kudos)** Seed · CA **$3.0M** With 5 others
- **Jul** **[Mable](https://millionrounds.com/company/mable)** Venture · US **$7.0M** With 4 others
- **Apr** **[FINDMINE](https://millionrounds.com/company/findmine)** Series A · US **$8.9M** With 1 other
- **Feb** **[LearnLux](https://millionrounds.com/company/learnlux)** Venture · US **$7.1M** With 5 others
- **2023** 8 rounds
- **Oct** **[Clockwork AI](https://millionrounds.com/company/clockwork-ai)** Seed · US **$3.0M** With 3 others
- **Aug** **[Nova](https://millionrounds.com/company/nova)** Venture **Undisclosed** With 2 others
- **Aug** **[Aircon](https://millionrounds.com/company/aircon)** Seed · US **$3.3M** With 1 other
- **Aug** **[Ikigai Labs](https://millionrounds.com/company/ikigai-labs)** Series A · US **$25M** With 3 others
- **Jun** **[Slang](https://millionrounds.com/company/slang)** Series A · US **$12M** With 4 others
- **Apr** **[HelloTeam](https://millionrounds.com/company/helloteam)** Series A · US **$10M** With 2 others
- **Mar** **[Pagos Solutions](https://millionrounds.com/company/pagos-solutions)** Venture · US **Undisclosed** With 3 others
- **Feb** **[Cenoa](https://millionrounds.com/company/cenoa)** Seed · SG **$7.0M** With 4 others
- **2022** 11 rounds
- **Nov** **[Smoodi](https://millionrounds.com/company/smoodi)** Series A · US **$5.0M** With 2 others
- **Oct** **[Messari](https://millionrounds.com/company/messari)** Venture · US **Undisclosed** With 5 others
- **Aug** **[Goldcast](https://millionrounds.com/company/goldcast)** Series A · US **$28M** With 4 others
- **Jun** **[Kaiko](https://millionrounds.com/company/kaiko)** Series B · FR **$53M** With 3 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

Named by the firm itself, on a filing, its Form ADV or its company registration **7 named**

CG **Christopher Gardner** Managing Member of the General Partner i Filing they signed

JO **James Orsillo** Managing Member of the General Partner i Filing they signed

JS **James S Orsillo Jr** Chief Financial Officer i Form ADV

JW **John William Pearce** Managing Member of the General Partner i Filing they signed

MJ **Michael John Skok** Managing Member of the General Partner i Filing they signed

OL **Olivia Lyman** Managing Member of the General Partner i Filing they signed

RD **Richard Dulude** Managing Member of the General Partner i Filing they signed

We also hold **14** people 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$451M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Underscore.vc Management Company, LLC
- **SEC number:** CRD 283164

New fund on file

**$58M**

raised in Apr 2024

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 **$7.0M** the round, not its cheque Alone, median **$4.0M**

Led 1 of 65 rounds **2%**

- **Said size:** $250K – $10M
- **Sole investor:** 3 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *23*
- Series A said *15*
- Venture *14*
- Series B said *5*
- Pre-seed said *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 10
- [Bossa Invest](https://millionrounds.com/fund/bossa-invest) 3
- [Flybridge](https://millionrounds.com/fund/flybridge) 3
- [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) 3
- [SV Angel](https://millionrounds.com/fund/sv-angel) 3
- [Stage 2 Capital](https://millionrounds.com/fund/stage-2-capital) 3

**Pitching Underscore VC?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

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

[**Alumni Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Bossa Invest** VC firm **3** rounds together](https://millionrounds.com/fund/bossa-invest)[**Flybridge** VC firm **3** rounds together](https://millionrounds.com/fund/flybridge)[**Liquid 2 Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/liquid-2-ventures)[**SV Angel** VC firm **3** rounds together](https://millionrounds.com/fund/sv-angel)[**Stage 2 Capital** VC firm **3** rounds together](https://millionrounds.com/fund/stage-2-capital)[**Y Combinator** Accelerator **3** rounds together](https://millionrounds.com/fund/y-combinator)[**Accomplice** VC firm **2** rounds together](https://millionrounds.com/fund/accomplice)[**Active Capital** VC firm **2** rounds together](https://millionrounds.com/fund/active-capital)[**Afore Capital** VC firm **2** rounds together](https://millionrounds.com/fund/afore-capital)[**Asymmetric Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/asymmetric)[**Bantam Group** VC firm **2** rounds together](https://millionrounds.com/fund/bantam-group)

## Recently backed

The latest companies Underscore VC put money into.

[**Kaiko** $57M · Sept 2026](https://millionrounds.com/company/kaiko)[**Transfyr** $25M · Aug 2026](https://millionrounds.com/company/transfyr)[**Subconscious** $5.1M · Aug 2026](https://millionrounds.com/company/subconscious)[**Gander Robotics** $1.1M · Apr 2026](https://millionrounds.com/company/gander-robotics)[**BusRight** $30M · Mar 2026](https://millionrounds.com/company/busright)[**ORION Security** $32M · Feb 2026](https://millionrounds.com/company/orion-security)

## On podcasts

1 episode naming Underscore VC in the title.

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 21 Sept 2016 · 33 min 20VC: Why Valuation Is A Stupid Concept, VC Is Ripe For Disruption & Not All LPs Are Made Equal with Michael Skok, Founding Partner @ Underscore VC With [Michael Skok](https://millionrounds.com/person/michael-skok) Mentions [Underscore VC](https://millionrounds.com/fund/underscore-vc) Apple PodcastsShow page

## Quick answers about Underscore VC

### What does Underscore VC invest in?

Underscore VC invests most often at Seed and Series A (63% of the rounds on record), in sectors such as Smbs, Business To Business and SaaS.

### How active is Underscore VC?

65 investments on record, 8 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

### What has Underscore VC invested in recently?

Its most recent investments on record: Kaiko (Series B, Sept 2026), Transfyr (Seed, Aug 2026) and Subconscious (Seed, Aug 2026).

### How big are Underscore VC's cheques?

The median round it joins is $7.0M. It says it writes cheques of $250K to $10M.

### Does Underscore VC lead rounds?

Sometimes: it led 1 of its 65 investments on record (2%).

### Where does Underscore VC invest?

Most of the companies it backs are in the United States (85%) and France (8%).

### Is Underscore VC investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

### Who does Underscore VC invest alongside?

Most often Alumni Ventures (10 rounds together), Bossa Invest (3 rounds together) and Flybridge (3 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

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=underscore-vc) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=underscore-vc)