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Underdog Ventures operates as a venture capital firm dedicated to fostering enterprises that deliver integrated financial, community, and environmental returns. The firm specializes in social venture financing, developing innovative and customized capital solutions for its portfolio companies. This approach aims to demonstrate that strong economic performance can be intrinsically linked with positive societal and ecological outcomes.
David Berge established Underdog Ventures in 2014, formalizing an investment thesis centered on impact. Berge’s founding insight stemmed from a recognition of the growing need for capital that consciously prioritizes not only profit but also measurable benefits for communities and the planet. His extensive background in social venture financing underpins the firm’s methodology.
The firm’s focus is on investing in and supporting companies committed to this triple bottom line approach. Underdog Ventures seeks to empower a new generation of businesses that are inherently designed for sustainable impact. Their long-term vision is to cultivate an ecosystem where capital effectively drives both robust financial growth and profound positive change.
Key people at Underdog Ventures.
Underdog Ventures was founded by David Berge (Founder, Chief executive Officer and Managing Partner).
Key people at Underdog Ventures.
Underdog Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $4.0M Seed in Healium in February 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2023 | Healium | $4.0M Seed | — | Impact VC, Captain Partners & Astronaut Holdings, Citrine Angels, Co:act Capital, Gaingels, KCRise Fund, Mayo Clinic, Missouri Technology Corporation, QRM Capital, Stadia Ventures, Tidewater Capital |
| Jan 12, 2021 | Rose Health | $1.7M Seed | Quentin Smith | Brandon Gelbart, David Warschawski, Erik Ilyayev, Faizi Ahmed, John Shivdat, Patrick Conlin, Rafi Benzaquen, Robert Rothenberg, Torrey Smith, BD Health Services, Milbank, Rose Health Ventures, Sunshine Health Ventures, David Rosales |
Underdog Ventures was founded by David Berge (Founder, Chief executive Officer and Managing Partner).