Underground Ventures

Underground Ventures, established in 2024 and based in Copenhagen, Denmark, is a venture capital firm focused on early-stage technology companies. It specializes in investing in geothermal energy technology startups, aiming to facilitate global geothermal deployments. The firm commits up to $40 million over a period of 3 to 5 years to support these innovative ventures.

Torsten Kolind

Co-Founder and CEO

3 past transactions

Borobotics

Seed Round in 2025
Borobotics is focused on developing an innovative bore-robot designed specifically for geothermal drilling in confined urban environments. This autonomous drilling technology occupies 90% less space than traditional geothermal drills, significantly reducing its environmental impact by generating 97% fewer CO2 emissions and producing 94% less noise. The control system of the bore-robot allows for remote operation, facilitating deeper geothermal drilling. By enabling a transition from conventional energy sources to more sustainable geothermal heating systems, Borobotics aims to contribute to a greener future and promote the adoption of environmentally friendly energy solutions.

Hephae Energy Technology

Venture Round in 2024
Hephae Energy Technology is an alternative energy company dedicated to advancing geothermal energy generation through innovative drilling technology. The company provides an integrated drilling system designed to harness abundant geothermal heat, enabling the safe and efficient development of geothermal resources worldwide. By offering technology that allows for accurate and productive drilling of geothermal wells, Hephae aims to facilitate large-scale geothermal projects while significantly reducing costs. This approach is intended to make geothermal energy a more economically viable option within the energy industry.

GA Drilling

Venture Round in 2024
GA Drilling is a high-tech company focused on developing and commercializing its innovative drilling technology platform, PLASMABIT. This technology aims to deliver significant time and cost savings compared to traditional drilling methods, making it applicable across various sectors, including oil and gas, geothermal energy, mining, and tunneling. The company emphasizes the potential of its patented technology to facilitate the production of clean and renewable energy, offering scalable solutions that support zero-carbon emissions energy production. Through its advancements, GA Drilling seeks to open new avenues for efficient and sustainable resource extraction.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.