Insights

Growth and exits Underscore VC is actively investing in early-stage B2B software startups (pre-Seed and Seed) and has a track record of notable recent deals in cybersecurity and fintech spaces, signaling potential opportunities to align capital partners with portfolio companies needing strategic scale, go-to-market support, and enterprise sales capabilities.

Open source investing The firm emphasizes an open source investing model with transparency and community sourcing through the Underscore Core Community, which suggests a network-driven approach that sales teams can leverage for warm intros, co-selling, and partner-led growth initiatives with portfolio founders.

Leadership transition A recent leadership change with Lily Lyman promoted to managing partner may drive new strategic priorities and increased firm activity; this can signal opportunities for refreshed executive relationships, advisory engagements, and aligned fundraising conversations with the firm.

Active portfolio expansion Recent investments in Copley Software, Terra Security, Orionsec, and Movemint indicate a focus on security, fintech, and B2B SaaS verticals; sales teams should identify portfolio companies with upcoming funding rounds or expansion needs that could benefit from co-investment, partnerships, or customer introductions.

Strategic capabilities Their tech stack and Global growth footprint (Boston base with a scalable investor network) suggest potential value-add in GTM optimization, customer acquisition, and tooling integration; pitch options include offering-ahead services such as marketing automation, analytics, and performance dashboards tailored for portfolio growth.

Underscore VC Tech Stack

Underscore VC uses 8 technology products and services including Medium, cdnjs, Shopify, and more. Explore Underscore VC's tech stack below.

  • Medium
    Blogs
  • cdnjs
    Content Delivery Network
  • Shopify
    E-commerce
  • AOS
    Javascript Libraries
  • Really Simple Discovery
    Miscellaneous
  • Piwik
    System Analytics & Monitoring
  • Smash Balloon Instagram Feed
    Web Platform Extensions
  • Twitter
    Widgets

Media & News

Underscore VC's Email Address Formats

Underscore VC uses at least 1 format(s):
Underscore VC Email FormatsExamplePercentage
First@underscore.vcJohn@underscore.vc
93%
Last@underscore.vcDoe@underscore.vc
5%
First.Last@underscore.vcJohn.Doe@underscore.vc
2%

Frequently Asked Questions

What is Underscore VC's official website and social media links?

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Underscore VC's official website is underscore.vc and has social profiles on LinkedIn.

What is Underscore VC's NAICS code?

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Underscore VC's NAICS code is 52391 - Miscellaneous Intermediation.

How many employees does Underscore VC have currently?

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As of July 2026, Underscore VC has approximately 144 employees across 4 continents, including North AmericaAfricaEurope. Key team members include Vice President & Co Founder: L. L.Partner, Cfo/O: J. O.General Partner: L. L.. Explore Underscore VC's employee directory with LeadIQ.

What industry does Underscore VC belong to?

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Underscore VC operates in the Venture Capital and Private Equity Principals industry.

What technology does Underscore VC use?

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Underscore VC's tech stack includes MediumcdnjsShopifyAOSReally Simple DiscoveryPiwikSmash Balloon Instagram FeedTwitter.

What is Underscore VC's email format?

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Underscore VC's email format typically follows the pattern of First@underscore.vc. Find more Underscore VC email formats with LeadIQ.

When was Underscore VC founded?

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Underscore VC was founded in 2015.
Underscore VC logo

Underscore VC

Venture Capital and Private Equity PrincipalsMassachusetts, United States51-200 Employees

Underscore VC is a Boston-based venture capital and private equity firm that concentrates on early-stage B2B software startups, providing capital to pre-seed and seed companies. The firm operates an open source-inspired investing model that emphasizes community, collaboration, and transparency, and it shares investment returns with a curated expert ecosystem known as the Underscore Core Community that sources and supports its portfolio companies. The company is located at 45 School Street, 2nd Floor, Boston, MA 02108, United States, and lists between 51 and 200 employees; its website is underscore.vc. Its deal activity includes investments in several startups at seed or pre-seed stages, including Movemint Technologies in 2024, Copley Software in 2025, Terra Security in 2025, and Orionsec in 2025. In 2024, Lily Lyman was promoted to managing partner, reflecting leadership changes at the firm.

Section iconCompany Overview

NAICS Code
52391 - Miscellaneous Intermediation
Founded
2015
Employees
51-200

Section iconFunding & Financials

  • $25M$50M

    Underscore VC's revenue is estimated to be in the range of $25M$50M

Section iconFunding & Financials

  • $25M$50M

    Underscore VC's revenue is estimated to be in the range of $25M$50M

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