California

Underdog Labs

Underdog Labs, based in California, backs generalist Pre-Seed startups with $100k to $500k checks, and can lead rounds, as seen with Tennr and Code Metal.

Entry stagePre-seed
Check size$100K to $500K
Leads roundsYes
FocusGeneralist
Latest fundn/a
Investing team2 peopleNo activity since Sep

Who you would pitch at Underdog Labs

2 people on the investing team, 2 of them partners who can make the call. Partners are listed first.

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Writes $100K to $500K checks. Its smallest check is larger than 5% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

No recent activity since September 2026. Quiet does not mean closed.

Weekly count of activity updates. Activity is not a confirmed deal.

Before you pitch

How to reach them[email protected]

Notable investments

TennrCode MetalTransCryptsFloVision
Founders and investors at a Mode VC gathering

Send Mode VC your deck

Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

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Alert me when Underdog Labs is active

One email when this firm shows new activity. Nothing else.

Firms like Underdog Labs

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Questions

What stage does Underdog Labs invest in?

Underdog Labs reports entry at pre-seed.

How much does Underdog Labs invest?

Underdog Labs reports checks of $100K to $500K.

Does Underdog Labs lead rounds?

Yes. Underdog Labs says it can lead.

Who are the partners at Underdog Labs?

Alex Chang (Co-Founder & General Partner), David Hehman (Co-Founder & General Partner).

Is Underdog Labs active right now?

No recent activity since September 2026.

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