April Underwood
Description
April Underwood is a prominent figure in the venture capital landscape, serving as the Managing Director and Co-Founder of Adverb Ventures. Launched in 2022 alongside co-founder Sarah Kunst, Adverb Ventures is an early-stage venture capital firm dedicated to investing in the future of work. The firm specifically targets pre-seed and seed-stage companies, aiming to be the first institutional capital for promising startups.
Adverb Ventures focuses on a range of innovative sectors within the future of work, including AI-powered tools, collaboration platforms, developer tools, and vertical SaaS solutions. This strategic focus leverages Underwood's extensive background in product and technology, having held leadership roles at major tech companies like Slack (CPO), Twitter (Director of Product), and Google. Her operational experience provides deep insights into the challenges and opportunities faced by enterprise software and productivity tools.
Adverb Ventures successfully raised a $100 million Fund I to support its investment thesis. The firm typically writes initial checks ranging from $1 million to $3 million, aligning with its strategy of providing crucial early-stage funding. This approach allows Adverb to partner with founders at the foundational stages, offering not just capital but also strategic guidance derived from the team's operational expertise. The firm's commitment to being the first institutional investor underscores its belief in identifying and nurturing disruptive technologies that reshape how people work.
Investor Profile
April Underwood has backed more than 32 startups, with 1 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 3 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Convertible Note rounds (top funding stages).
- Majority of deals are located in United States, Australia, United Kingdom.
- Strong thematic focus on Software, Health Care, SaaS.
- Typical check size: $1M – $3M.
Stage Focus
- Seed (50%)
- Series A (34%)
- Convertible Note (6%)
- Pre Seed (3%)
- Series D (3%)
- Series B (3%)
Country Focus
- United States (94%)
- Australia (3%)
- United Kingdom (3%)
Industry Focus
- Software
- Health Care
- Saas
- Artificial Intelligence (Ai)
- Apps
- Information Technology
- Internet
- Finance
- Financial Services
- Fintech
Frequently Asked Questions
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