Undertow Records was started in 1996 by Mark Ray when he released albums by his band, Waterloo and a band they shared a studio space with, Nadine.
Undertow has released records for artists such as Jay Bennett (of Wilco fame), Will Johnson (of Centro-Matic), The Amazing Pilots, Artificial Hearts, The Redwalls, The Cush, Nadine, Magnolia Summer, Glossary, Dreadful Yawns, Waterloo, Anna Fermin, Steve Dawson, Dolly Varden, J. Tillman, South San Gabriel, Centro-matic, Via Audio.