Union Square Ventures

Union Square Ventures

Union Square Ventures is a venture capital firm in New York City which has backed companies such as Twitter, Foursquare and Zynga.

Union Square Ventures is a New York-based venture capital firm that focuses on companies which provide services that can potentially be transformative to major economic markets. It was founded in 2003 by Fred Wilson and Brad Burnham.

Product

The firm states that it invests in companies that seek to broaden the access to its services or products. The access can usually be broadened due to advancements in technology and by generating online platforms that can be accessed anywhere in the world. Industries in which Union Square Ventures works include healthcare, education technology, and digital assets.

The company announced plans to invest in blockchain and cryptocurrencies in 2018. It stated that it would not establish a separate fund for this venture and that it is planning to invest in these industries for the next ten years. In 2019, Union Square Ventures raised more than $428 billion for a new venture capital fund as well as an opportunity fund.

Union Square Ventures also has a networking group which aims to be a resource for direct peer introductions and access to cross-company management training.

Timeline

October 17, 2019

USV invests $10.5M in OB1.

December 28, 2018

USV Opportunity 2019, LP fund is announced on Dec 28, 2018 and raises a total of $250M.

2003

Union Square Ventures was founded by Fred Wilson and Fred Wilson.

Funded Companies

Company
Description
Website
Industry
Location

Algorand is a company implementing an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol to reach consensus among network participants.

Carta (formerly eShares) is a San Francisco based cap table management platform that offers 409A valuations, products for investors and public companies.

A cloud communications platform for building SMS, Voice & Messaging applications on an API built for global scale that was founded in 2008 and headquartered in San Francisco, California.

A telemedicine service company that delivers oral contraceptives and various testing kits to its customers. It was founded in 2015 and has headquarters in San Francisco, California.

Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

An insurance company using analytics and technology to offer insurance premiums to small businesses.

A web performance and security company providing services for the protection and acceleration of websites online.

Top Hat is a company founded by Mike Silagadze. Top Hat produces software aimed at increasing engagement in students. The software allows users to integrate videos and graphics and customize interactive textbooks.

A technology company that specializes in location intelligence. It was founded in 2009 and has headquarters in New York City.

Firebase is a mobile and web application development platform. It was founded in 2011 and acquired by Google in 2014. It is located in San Francisco, California.

A software company providing a blog comment hosting service for websites.

Heyzap is a mobile advertising platform that was acquired by Fyber for $45m in 2015. It was founded in 2008 and was located in San Francisco, California.

A company with a digital audio online platform. It was founded in 2007 and has offices worldwide.

Company for outsourced research through a network of scientific service providers.

A technology company utilizing artificial intelligence for image searches that can in turn be used in mobile applications. It is located in New York City, New York and was founded in 2013.

An education technology company that has created a platform where students can create review games for the content which they are studying It was founded in 2007 and is located in San Francisco, California.

A company with a local advertising platform. It was founded in 2006 and acquired by AOL in 2011.

A consumer electronics company with a device for sharing and streaming content. It was founded in 2007 and was located in New York City.

A finance company with an asset management platform. It was founded in 2005 and was located in San Francisco, California.

Patch Homes is a San Francisco-based company founded by Sundeep Ambati.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
190,575,000
190,575,000
December 28, 2018
166,800,000
166,800,000
March 17, 2016
8,375,000
8,375,000
January 24, 2014
200,000,000
135,325,000
December 28, 2010
166,025,000
166,025,000
January 24, 2014
8,200,000
8,200,000
April 1, 2016
7,450,000
7,450,000
December 16, 2011
200,000,000
116,500,000
October 14, 2011
238,218,750
238,218,750
December 28, 2018
166,025,000
166,025,000
January 24, 2014
9,000,000
December 28, 2018
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People

Name
Role
LinkedIn

Albert Wenger

Partner

Alexander Pease

Employee

Andrew Parker

Employee

Andy Weissman

Partner

Brad Burnham

Co-Founder

Brian Watson

Employee

Brittany Laughlin

Employee

Charlie O'Donnell

Employee

Fred Wilson

Co-Founder

Gary Chou

Employee

Gillian Munson

Partner

Jennifer Soffen

Employee

John Buttrick

Partner

Josh Stylman

Investor

Nick Grossman

Partner

Peter Hershberg

Investor

Rebecca Kaden

Partner

Seth Goldstein

Investor

Further reading

Title
Author
Link
Type
Date

Union Square Ventures secures $429M across two new funds

Kate Clark

Web

January 2, 2019

Documentaries, videos and podcasts

Title
Date
Link

Techonomy NYC: A Conversation with Fred Wilson - from Techonomy NYC

2017

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Josh Constine
February 26, 2020
TechCrunch
$28 million-funded crypto startup Tagomi will be the newest member of the Libra Association that governs the Facebook-backed Libra stablecoin, TechCrunch has learned. A formal announcement of Tagomi joining was slated for Friday or next week. Tagomi offers a platform that helps large traders and funds easily access cryptocurrency markets. The news comes days after [...]
Lucia Moses
December 9, 2019
Business Insider
Union Square Ventures' Fred Wilson talked about his new bet on video startup The Recount, and why it's a good time to be in digital media.
Lucia Moses
December 1, 2019
Business Insider
The Twitter, Tumblr, and Zynga investor talked about what venture capitalists got wrong about media and why he still sees opportunity in the sector.

References

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