Underground Ventures
Overview
A venture capital firm founded in 2024 that specializes in early-stage geothermal energy technology. The firm plans to invest $40 million over 3-5 years into startups that enable geothermal deployments on a global scale, focusing on fields like advanced drilling, well casing, reservoir development, and energy conversion.
Portfolio Companies
6
Website
ugv.coInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Critical Energy | Jun 2026 | Seed | Co-investor |
| Canopus Drilling Solutions | Apr 2024 | Seed | Lead |
| Hephae Energy Technology | Jul 2026 | Series A | Lead |
| Borobotics AG | Jan 2025 | Seed | Lead |
| GA Drilling | Mar 2026 | Early Funding | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Underground Ventures based?
Underground Ventures is headquartered in Copenhagen, Capital Region of Denmark, Denmark.
When was Underground Ventures founded?
Founding year information for Underground Ventures is not publicly available.
How many portfolio companies does Underground Ventures have?
Underground Ventures has 6 portfolio companies in Caplight's dataset.
What are some companies in Underground Ventures's portfolio?
Portfolio companies visible on Caplight include Critical Energy, Canopus Drilling Solutions, Hephae Energy Technology, Borobotics AG, GA Drilling.
What was Underground Ventures's most recent investment shown here?
Underground Ventures's most recent investment in this portfolio sample was in Hephae Energy Technology in 2026.
What sectors does Underground Ventures focus on?
Underground Ventures focuses on Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech.
What company stages does Underground Ventures focus on?
Underground Ventures typically invests at the Early stage.
What is Underground Ventures's AUM?
Underground Ventures's assets under management are estimated between $40.0M and $40.0M.