Underdog Labs

General contacts

Investor type

Founded

2019

AUM

Location

San Francisco, California, United States

Investment Ticket

$0-1 m

Investment Stage

Pre-seed Seed

Region of investment

North America

Investor profile last updated: 16 August, 2026

Profile

Underdog Labs is a venture capital firm based in San Francisco, California, founded in 2019 by David Hehman and Alex Chang. The firm is composed of a small team of professionals, including Howard Love and Matthew Larson, who bring extensive experience in investing and strategy development. Underdog Labs differentiates itself by focusing on early-stage investments and leveraging the founders' entrepreneurial backgrounds and long-standing relationships.

The firm primarily invests in sectors such as B2B software, consumer products, and health technology, with a particular emphasis on belief-driven founders. They typically invest in pre-seed and seed stages, with check sizes ranging from $5K to $500K. Underdog Labs has a portfolio that includes companies like Tennr, Codemetal, and Transcrypts, and they focus on investments within the United States.

Notable investments by Underdog Labs include Tennr - document reasoning AI in healthcare, Codemetal - AI-powered development at the edge, Transcrypts - blockchain-based employment credentials, FloVision - AI for food production optimization, and Carta - equity management platform.

Industry

Consumer Products SaaS AI HealthTech HRTech

Contacts

Name

Title

Social Networks

David Hehman Co-founder

Co-founder

d•••@•••

Alex Chang Co-Founder, GP

Co-Founder, GP

a•••@•••

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[email protected]

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Investment-team contacts for Underdog Labs — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Underdog Labs

Is Underdog Labs a venture capital or private equity firm?

Underdog Labs is a venture capital firm. It backs companies at Pre-seed and Seed, writing tickets of $0-1 m.

Where is Underdog Labs located?

Underdog Labs is located in San Francisco, California, United States.

When was Underdog Labs founded?

Underdog Labs was founded in 2019.

What sectors and industries does Underdog Labs invest in?

Underdog Labs invests in companies and startups in Consumer Products, SaaS, AI, HealthTech, HRTech.

What is Underdog Labs geographical focus of investments?

Underdog Labs invests in companies and startups in North America.

At what stages of companies and startups does Underdog Labs typically invest in?

Underdog Labs invests in companies and startups at Pre-seed, Seed.

What is the usual amount of Underdog Labs investment?

Underdog Labs usually invests $0-1 m on average.

What are the contacts of Underdog Labs?

Underdog Labs can be reached through its website underdoglabs.io and its LinkedIn page. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Underdog Labs — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access Underdog Labs data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Underdog Labs directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Underdog Labs profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.