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Union Square Ventures company logo
Venture Capital
usv.com

Investments

456

Portfolio Exits

58

Funds

24

Partners & Customers

1

Service Providers

2

About Union Square Ventures

Union Square Ventures (USV) is an early-stage venture capital fund that focuses on information technology (IT) enabled services in media and marketing, financial services, healthcare, and telecom verticals. The company was founded in 2003 and is based in New York, New York.

Headquarters Location

817 Broadway 14th Floor

New York, New York, 10003,

United States

212-994-7880

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Expert Collections containing Union Square Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Union Square Ventures in 7 Expert Collections, including HR Tech.

H

HR Tech

65 items

T

Travel Technology (Travel Tech)

39 items

Tech-enabled companies offering services and products focused on tourism. This collection includes booking services, search platforms, on-demand travel and recommendation sites, among others.

E

Education Technology (Edtech)

58 items

D

Digital Lending

34 items

This collection contains alternative means for obtaining a loan for personal or business use. Companies included in the application, underwriting, funding, or collection process is included in the collection.

C

CB Insights Smart Money Investors

25 items

C

CB Insights Fintech Smart Money Investors - 2020

25 items

Latest Union Square Ventures News

VC Returns Revealed: Fund Performance for Sequoia, IA Ventures, USV & More

Feb 22, 2024

www.newcomer.co We obtained venture capital fund performance data from UTIMCO www.newcomer.co It’s a rare treat to peak behind the curtain and see how venture capital funds are performing for their investors. Last year, Eric made a public records request to UTIMCO, the Texas public investment fund for the University of Texas and Texas A&M systems. He wrote about those returns here . Newcomer decided to check back in on how these funds were doing today with a new records request. 1 Out of the dozens of VC and PE funds UTIMCO invests in, we are highlighting data from some of UTIMCO’s most well-known firms — Sequoia, Union Square Ventures, IA Ventures, Forerunner Ventures, and GGV Capital. We also requested data on year-over-year fund performance, from November 2022, November 2021, and November 2020. So this go-around we’re focusing on how estimates for fund performance have changed over time, given Silicon Valley’s extended downturn. Key Takeaways Union Square Ventures and IA Ventures are among the strongest performing UTIMCO-backed venture capital firms with overall internal rates of return (IRR) of 59.25% and 42.99% respectively. UTIMCO’s estimates for venture capital firms’ IRRs are generally trending downward, though firms like USV and Sequoia have done a better job forecasting to UTIMCO how their IRR is shaping out for a given fund. UTIMCO’s portfolio is being impacted by the U.S. government’s push to have American venture firms break up with their Chinese counterparts. The Texas fund is a major investor in Sequoia and GGV. (Sequoia has spun out its Chinese arm and GGV is in the process of doing so.) All of the UTIMCO-backed GGV funds have a positive IRR, with an average of 17.29%. This post includes charts chronicling how IRR estimates for Sequoia, Union Square Ventures, Forerunner, GGV, and IA Ventures have fluctuated over time. We also include the raw tables from UTIMCO’s reports so you can see them for yourselves. Up next for paid subscribers is a chart chronicling how a number of pivotal venture firms are performing so far, sorted by their vintage. This post is likely too long to read in your email so paid subscribers can read the whole post at newcomer.co/p/venture-capital-returns-revealed .

Union Square Ventures Investments

456 Investments

Union Square Ventures has made 456 investments. Their latest investment was in Abridge as part of their Series C on February 23, 2024.

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Union Square Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/23/2024

Series C

Abridge

$150M

No

3

2/6/2024

Series A

Jam

$8.9M

No

1

2/6/2024

Seed VC

Code

$6.5M

Yes

M13, and Undisclosed Angel Investors

3

2/1/2024

Unattributed VC - IV

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$99M

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10

1/29/2024

Series A - III

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$99M

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10

Date

2/23/2024

2/6/2024

2/6/2024

2/1/2024

1/29/2024

Round

Series C

Series A

Seed VC

Unattributed VC - IV

Series A - III

Company

Abridge

Jam

Code

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Amount

$150M

$8.9M

$6.5M

$99M

$99M

New?

No

No

Yes

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Co-Investors

M13, and Undisclosed Angel Investors

Sources

3

1

3

10

10

Union Square Ventures Portfolio Exits

58 Portfolio Exits

Union Square Ventures has 58 portfolio exits. Their latest portfolio exit was Figure 1 on February 22, 2024.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/22/2024

Acquired

$99M

1

6/26/2023

Acquired

$99M

3

6/1/2023

Acquired

$99M

8

1/30/2023

Acquired

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$99M

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10

8/15/2022

Acq - Fin

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$99M

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10

Date

2/22/2024

6/26/2023

6/1/2023

1/30/2023

8/15/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

3

8

10

10

Union Square Ventures Fund History

24 Fund Histories

Union Square Ventures has 24 funds, including USV Climate Fund 2022.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/9/2022

USV Climate Fund 2022

$200M

1

4/29/2022

USV Early Stage Fund VIII

$275M

1

4/29/2022

USV Opportunity Fund IV

$350M

1

1/27/2021

USV 2021

$99M

10

12/31/2020

USV Investors 2021

$99M

10

Closing Date

12/9/2022

4/29/2022

4/29/2022

1/27/2021

12/31/2020

Fund

USV Climate Fund 2022

USV Early Stage Fund VIII

USV Opportunity Fund IV

USV 2021

USV Investors 2021

Fund Type

Status

Amount

$200M

$275M

$350M

$99M

$99M

Sources

1

1

1

10

10

Union Square Ventures Partners & Customers

1 Partners and customers

Union Square Ventures has 1 strategic partners and customers. Union Square Ventures recently partnered with Slope on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/22/2022

Partner

United States

Date

2/22/2022

Type

Partner

Business Partner

Country

United States

News Snippet

Sources

Union Square Ventures Service Providers

2 Service Providers

Union Square Ventures has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Union Square Ventures Team

6 Team Members

Union Square Ventures has 6 team members, including , .

Name

Work History

Title

Status

Frederick R. Wilson

Founder

Current

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Name

Frederick R. Wilson

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Work History

Title

Founder

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Status

Current

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