Union Square Ventures


Union Square Ventures is an American venture capital firm. Based in New York City, the firm manages assets totaling $1 billion as of March 2016.

History

Union Square Ventures was founded in 2003 by Fred Wilson and Brad Burnham. They created USV with the intent of investing in and fostering the development of early-stage companies. Their investments are "mostly U.S.-based Internet and mobile companies considered to be ‘disruptive’". Since its establishment, USV is one of the companies that are regularly included in Red Herring’s lists of top venture capital firms. As of 2016, USV had 7 billion dollar exits including Twitter in 2013 and Twilio in 2016.
In 2007, Albert Wenger, the former president of del.icio.us, joined the firm as a managing partner. In 2011, Betaworks co-founder Andy Weissman joined USV. The same year, USV was chosen as the best-performing venture capital firm the United States, based on investment return rate. In 2018, Rebecca Kaden, previously a General Partner at Maveron joined USV. In 2019, USV announced two new partners joined the firm – Gillian Munson, formerly the CFO of XO Group, and Nick Grossman, who had previously worked at USV on special projects such as policy and crypto.