Company Research Report: Underscore VC
Company Overview
- Name: Underscore VC
- Mission: Backing bold B2B software entrepreneurs at pre-Seed and Seed stages with a hands-on, community-driven approach.
- Founded By: Michael Skok, John Pearce, and Richard Dulude
- Key People:
- Claire Crowther, Chief of Staff
- Brian Devaney, Partner
- Richard Dulude, Co-Founder & Partner
- Chris Gardner, Partner
- Jenni Goodman, Director of Community
- Lily Lyman, Partner
- Gabrielle McCarthy, Investment Associate
- Devin Nash, Vice President, Brand & Experience
- James Orsillo, Partner, Chief Financial & Operating Officer
- Marco Rosario, Operations Manager & Executive Assistant
- Renee Viens, Partner Executive Assistant
- Headquarters: 45 School Street, 2nd Floor (Boston’s Old City Hall) Boston, MA 02108
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Supporting early-stage B2B software startups globally with a unique community-driven model, closely involving the Underscore Core Community.
Products and Services
- Products Offered:
- Venture capital investment for B2B software entrepreneurs at pre-Seed and Seed stages.
- "Open-source" investing model where profit-sharing is implemented with experts in the Underscore Core Community.
- Product Descriptions:
- Focused on building startups in sectors like enterprise applications, insurtech, fintech, and commerce.
- Key Features:
- Deep community engagement through the Underscore Core Community offering curated expertise.
- Extensive network with seasoned operators and institutions like MIT, Microsoft among others.
- Supportive partnership approach that empowers founders with resources and strategic guidance.
Recent Developments
- Recent Developments:
- Announced a $58M Fund III for investing in pre-Seed and Seed-stage startups.
- Underscore launched the Core Limited Partners Program to deepen community engagement.
- Completed a generational leadership transition, with Lily Lyman as the firm leader.
- Promotion of Brian Devaney to Partner.
- New Products Launched: No information is available
- New Features Added: No information is available
- Partnerships and Collaborations:
- Collaborative investments with CloudZero, Hi Marley, Salsify, and other startups.
- Core Community model that brings in over forty seasoned operators from major tech players to support startups.
Underscore VC operates on a principle of providing a uniquely aligned and value-driven partnership with early-stage founders, centered around an innovative community-focused business model. Their impact is magnified by a significant lineup of industry partnerships and their strategic location in one of the best innovation hubs, Boston.