This expansion ends a strategy of keeping funds deliberately small that the firm maintained for more than 20 years. General Partner Fred Wilson noted that over 10 prior early stage funds each produced two to three successful companies, including Twitter and Coinbase. The firm's updated portfolio now allocates 20% to 30% to energy and includes the launch of Supertake, USV's first internal incubation effort.
Wednesday, October 21, 2026
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Union Square Ventures Raises $900M in Largest Fund Cycle in Firm History
Startups12 days ago
The New York venture capital firm is expanding its capacity to bet on artificial intelligence by securing fresh capital to increase its typical check sizes. Union Square Ventures raised $900 million in new funds, comprising a $500 million vehicle for early stage investments and a $400 million opportunity fund. The firm is doubling its fund size while shrinking its team, moving its Series A investment range to $10 million to $30 million as it pursues a thesis that AI could obliterate entire markets.
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