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Venture Capital
FINANCE | Investment Firms & Funds
underscore.vc

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Investments

63

Portfolio Exits

6

Funds

2

Service Providers

1

About Underscore.VC

Underscore.VC is backing transformative entrepreneurs from inception to scale with dynamic capital & an aligned community.

Underscore.VC Headquarter Location

45 School Street 2nd Floor

Boston, Massachusetts, 02108,

United States

617-303-0064

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Underscore.VC Web Traffic

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Latest Underscore.VC News

Underscore.VC Co-founder C.A. Webb Departs Venture Firm

Feb 27, 2017

Webb is leaving Underscore.VC, the Boston early-stage venture firm that she helped start less than two years ago. Webb, Underscore’s co-founder and community partner, announced her departure in a Medium post  on Monday. She attributed the move to the evolution of the firm, to the point that it is no longer the right fit for her. “Though it’s still early in this journey, it’s clear that process has changed what the business needs, away from the things I most want to do,” Webb wrote in the blog post. “That’s just how it goes sometimes, and rather than stick around to play a role I’m less suited to, I’ve made the difficult decision to move on from the operating team.” Webb (pictured above, center) is well-known in the Boston tech scene. She was previously the executive director of the New England Venture Capital Association for almost four years. Before that, she was the director of marketing for Care.com. She started Underscore (initially known as Assemble.VC) with Michael Skok , previously with North Bridge Venture Partners, and John Pearce , the former CEO of Demandware. Their firm is part of a crop of at least 15 early-stage, tech-focused venture funds that have launched in the Boston area in the past two years. (See the list in this recent Xconomy article and photo slideshow .) Underscore raised $85 million for its first fund, which invests in open-source software and “cloud intelligence” companies at the seed and Series A stages. The firm has assembled a network of tech executives and experts in various sectors to provide expertise and support to portfolio companies and, if they choose, invest in them. Xconomy reported last year that Underscore planned to set up a separate nonprofit foundation, run by Webb, focused on giving back to the startup community. “The role we all envisioned leading our companion not-for-profit foundation evolved to the point where it did not … align with her expectations,” Skok wrote in a post on Underscore’s website about Webb’s departure. “C.A. added significantly to our efforts to make [Underscore] a success, and we wish her all the best in her next venture. We remain committed to our long-term goal … to launch and help sponsor a nonprofit dedicated to helping entrepreneurs learn, teach, and exchange knowledge about how to build transformative companies.” In the Medium post, Webb said she’s going to take some time to figure out her next full-time job. In the mean time, she said she’ll mentor entrepreneurs, spend time with family, and remain involved with the boards of several organizations, including Resilient Coders , the New England Venture Capital Association, and MassRobotics. Reached via e-mail, Webb and Skok declined to comment beyond what they wrote in the blog posts. Webb’s departure follows another notable recent move in the local investor community. A couple of weeks ago, Katie Rae of Project 11 Ventures was tapped to run The Engine , the new MIT-backed startup initiative that includes a planned $150 million venture fund. Jeff Engel is a senior editor at Xconomy. Email: jengel@xconomy.com Follow @JeffEngelXcon

Underscore.VC Investments

63 Investments

Underscore.VC has made 63 investments. Their latest investment was in Kaiko as part of their Series B on June 6, 2022.

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Underscore.VC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/28/2022

Series B

Kaiko

$53M

No

9

4/15/2022

Unattributed VC

The Change Company

$40M

Yes

1

4/12/2022

Series A

Kard

$23M

Yes

6

4/11/2022

Series A

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$99M

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10

4/4/2022

Seed VC - II

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$99M

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10

Date

6/28/2022

4/15/2022

4/12/2022

4/11/2022

4/4/2022

Round

Series B

Unattributed VC

Series A

Series A

Seed VC - II

Company

Kaiko

The Change Company

Kard

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Amount

$53M

$40M

$23M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

9

1

6

10

10

Underscore.VC Portfolio Exits

6 Portfolio Exits

Underscore.VC has 6 portfolio exits. Their latest portfolio exit was Macro on November 20, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/20/2021

Acquired

$99M

2

6/1/2021

Acquired

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$99M

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10

3/22/2021

Acquired

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$99M

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10

1/13/2020

Acquired

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$99M

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10

11/1/2019

Acquired

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$99M

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10

Date

11/20/2021

6/1/2021

3/22/2021

1/13/2020

11/1/2019

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Underscore.VC Fund History

2 Fund Histories

Underscore.VC has 2 funds, including Underscore VC Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/19/2018

Underscore VC Fund II

Early-Stage Venture Capital

Closed

$132.17M

10

10/26/2016

Assemble.VC Fund I

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$99M

10

Closing Date

12/19/2018

10/26/2016

Fund

Underscore VC Fund II

Assemble.VC Fund I

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$132.17M

$99M

Sources

10

10

Underscore.VC Service Providers

1 Service Provider

Underscore.VC has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Underscore.VC Team

1 Team Member

Underscore.VC has 1 team member, including current Founding Partner, Michael J. Skok.

Name

Work History

Title

Status

Michael J. Skok

Founding Partner

Current

Name

Michael J. Skok

Work History

Title

Founding Partner

Status

Current

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