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Underground Ventures

Underground Ventures

Copenhagen, Capital Region of Denmarkugv.co

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

5

Website

ugv.co

Investments

Underground Ventures investments
CompanyDateStageLead
Hephae Energy TechnologyJul 2026Series ALead
Critical EnergyJun 2026SeedCo-investor
Critical EnergyJun 2026SeedCo-investor
GA DrillingMar 2026Early FundingCo-investor
Borobotics AGJan 2025SeedLead

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersCopenhagen, Capital Region of Denmark
Year FoundedN/A

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