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The Venture Codex

Underdog Labs

San Francisco, CA, United States

Overview

UNDERDOG LABS IS A BOUTIQUE STARTUP STUDIO LOCATED IN THE SF BAY AREA AND NEW ENGLAND.

Total investments
15
Lead investments
1
Investments · 12mo
2
Active investors
2
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Investment portfolio

  • Coworked

    Participated · Equity · May 2026

    Coworked builds Harmony, an AI project manager designed to perform coordination, follow-through, and administrative tasks for enterprise project teams. Harmony operates across existing enterprise systems and channels—email, chat, voice, and tools like Microsoft Project & Planner, Atlassian Jira, Smartsheet, ServiceNow, Salesforce, and NH360—so teams do not need to adopt a new UI. The product is positioned to increase PMO capacity by taking on the execution-heavy work that consumes project managers’ time, enabling human PMs to focus on leadership and stakeholder alignment. Coworked was founded by Shawn Harris (CEO), Ravi Linganuri (CTO), and Dr. Sulak Soysa (Chief AI Officer), who bring experience from IBM, Dell, Target, and Deloitte. The company is SOC 2 Type II and ISO 27001 certified and plans to use new funding to grow engineering and deployment teams, deepen integrations, and scale go-to-market efforts.

  • Keebler Health

    Participated · Series A · Apr 2026

    Keebler Health builds an LLM-native platform that processes unstructured clinical documentation at scale to surface missed hierarchical condition category (HCC) coding opportunities and deliver actionable clinician insights at the point of care. The platform targets both retrospective and concurrent workflows to enable appropriate revenue capture without disrupting existing clinical operations. Keebler positions risk adjustment as its initial focus while planning to expand into broader population health use cases, Next Best Diagnostic Action, and compliance/audit workflows such as RADV audit readiness. The company was founded in 2023 by Isaac Park, Andrew Stickney, and Kevin Hill, PhD, with Terrell Bacchus, MD as founding CMO, and is headquartered in Durham, North Carolina. Financially, Keebler has raised $23 million to date, including the $16 million Series A announced in this round.

  • Obviant

    Participated · Seed · Jun 2025

    Obviant ingests and unifies thousands of sources—such as program documents, defense budget justification books, and Congressional reports—to deliver a coherent picture of DoD acquisition, contracting, and budgeting information. The platform combines open-source intelligence (OSINT) with customers’ own data and uses AI-driven context and reasoning to surface opportunities and trends. Data can be aggregated by missions or programs (for example contested logistics or Golden Dome) to highlight actionable opportunities across the defense procurement ecosystem. Customers include high-growth defense startups, primes, global investment firms, defense advisory firms, think tanks, and multiple government agencies navigating the $1 trillion+ U.S. defense market. Obviant’s tools aim to help companies and the DoD align capabilities with sources of funding, provide diligence-ready analysis and market sizing, visualize portfolios, and streamline technology transitions. After its recent funding, the company plans to expand its team, advance the AI capabilities of its platform, and broaden its customer base.

  • Nowadays

    Participated · Seed · Dec 2024

    Nowadays uses LLM AI combined with OpenAI, Anthropic and its own models plus a database of 400,000 global venues to automatically source venues, caterers and vendors for large events. The platform emails and can call vendors to gather bids, organizes responses, and presents options for planners to make decisions and sign contracts. It targets events with budgets over $20,000 and charges 5% of sourced spend or offers an annual subscription. Since launching, Nowadays has been used to book over $4 million worth of events and has served customers including Google, Amazon, Notion, and Supabase. The company was founded in 2023 by sisters Anna Sun (CEO) and Amy Yan (COO) and participated in Y Combinator; growth has primarily come via word of mouth from corporate event planners. Nowadays has also been featured in startup demo forums such as TechCrunch Disrupt Battlefield 2024.

  • Light Frame

    Participated · Seed · May 2024

    Light Frame is developing a proprietary technology platform designed to deliver enhanced levels of autonomy, capability, and intelligence within the operations of private banks and wealth management firms. The company intends to use its recent funding to accelerate product innovation and growth. Light Frame opened its American headquarters at the Cambridge Innovation Center in downtown Providence in early 2024 and also maintains an office in Lausanne, Switzerland. The team includes technologists and former banking executives focused on bringing advanced operational automation to the sector. The company was founded in January 2024 and is positioning itself as a technology partner for private banks and wealth managers.

Team