What is Underground Ventures?

Underground Ventures is a Venture Capital based in Copenhagen.

How many investments has Underground Ventures made?

Underground Ventures has made 1 disclosed investments.

How much does Underground Ventures manage?

Underground Ventures manages $40.0M in assets.

What does Underground Ventures invest in?

Underground Ventures invests in Climate Tech Pre-Seed, Seed, Early Stage companies.

What companies has Underground Ventures invested in?

Underground Ventures's portfolio includes Borobotics.

Underground Ventures

Venture Capital

Underground Ventures (UGV) is the first venture capital firm dedicated exclusively to geothermal technology, backing pre-seed through Series A startups building drilling, subsurface-data, and power-production tools that let geothermal energy scale to 10% of global output by 2050.

Copenhagen, Denmark · 1+ investments · 1 portfolio companies

Website

Pre-Seed

Seed

Early Stage

Climate Tech

Headquarters: Copenhagen, Denmark
Founded: 2024
Website: ugv.co
AUM: $40.0M

Portfolio Company: 1
Total Investment: 1
Last Investment: Jan 2025
Geographic Focus: Europe, North America

Investment Thesis

Invests in the 'picks and shovels' of geothermal — drilling, subsurface data, and power-production technologies — regardless of which developers or projects ultimately win, betting reliable geothermal energy will reshape global energy and geopolitics.

Underground Ventures is a Venture Capital firm based in Copenhagen, Denmark. It has made 1 investment, including Borobotics. Focus areas include Climate Tech.

Portfolio1

Borobotics

Co-investors1

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1 co-investors across 1 shared portfolio company — who they back alongside, and how often they lead.

Venture Capital ×1

Investment History

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