Bogdan Iordache is a venture capital investor at Underline Ventures who went from software developer to tech founder to ecosystem builder before becoming a GP, giving him hands-on experience across product development, company building, and community dynamics. He founded How to Web, one of the first and longest-running tech conferences in Central & Eastern Europe, and studied AI as early as 2003, becoming a CTO at 21, which gives him technical depth that's unusual among regional GPs.
What they've been talking about across their social media accounts

- Focusing on the evolution of enterprise software into agent based models and the practical use cases of artificial intelligence. Interested in how base models from major players are enabling a new market for highly personalized and disposable enterprise tools. A specific example is the observation that specialized products currently relying on external large language models will eventually use their accumulated data to train their own proprietary models, all while maintaining a healthy skepticism for overly hyped startup claims regarding fully autonomous systems.
- Tracking the defense technology sector closely, particularly the intersection of artificial intelligence and military hardware like drones. Viewing military strategies that prioritize minimizing human casualties as massive accelerators for overarching technological innovation. An example of this grounded perspective is pointing out how simple physical countermeasures like paint and rain can completely expose the current vulnerabilities of advanced drone targeting systems.
- Observing the cultural and communication differences between the European startup ecosystem and the American market. Highlighting a notable double standard in pitching where Eastern European founders are heavily pressured to provide simple and straightforward explanations of their businesses, while founders from major US tech hubs frequently secure support despite relying on complex jargon and abstract concepts. Also highly supportive of emerging European artificial intelligence labs and advocating for stronger local economic policies to nurture the regional tech landscape.
About their Fund
Sectors
AI, SaaS, Enterprise, Deeptech / Hardware, Cybersecurity
Rounds
Pre-Seed - Seed
Avg Check Size
$500K - $1M
Notable Investments
Underline Ventures is Eastern Europe's first solo-GP, private-only VC fund, backed entirely by tech founders and operators from UiPath, Telerik, Bitdefender, and other regional successes rather than institutional investors. The fund explicitly rejects "spray-and-pray" investing in favor of a concentrated, deterministic approach, positioning itself to compete directly with top European seed funds rather than just local peers while specifically supporting Eastern European "geek" founders who are analytical yet action-oriented due to their post-communist entrepreneurial context.
Other partners at the fund
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Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Avg. Check
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