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Union Square Ventures Doubles Fund Size, Shrinks Team for AI Era

Bloomberg Technology Thursday 08 October 2026, 13:00 UTC By Rebecca Torrence and Natasha Mascarenhas 1 min read
Key Points

Startups Union Square Ventures Doubles Fund Size, Shrinks Team for AI Era New York City-based venture firm Union Square Ventures is reinventing itself to better compete in the artificial intelligence race by nearly doubling the size of its core fund and whittling down its general partnership to just four investors. The firm has raised $900 million in new money, including $500 million for its latest early-stage fund, the partnership plans to announce Thursday. It’s a big jump for USV, which...

Startups Union Square Ventures Doubles Fund Size, Shrinks Team for AI Era New York City-based venture firm Union Square Ventures is reinventing itself to better compete in the artificial intelligence race by nearly doubling the size of its core fund and whittling down its general partnership to just four investors. The firm has raised $900 million in new money, including $500 million for its latest early-stage fund, the partnership plans to announce Thursday. It’s a big jump for USV, which last raised $275 million in early-stage funds in 2024. The firm also raised $400 million for its opportunity fund, used for later-stage deals and follow-on investments in its existing portfolio companies; its previous comparable fund was $350 million.
Union Square Ventures Doubles Fund Size (ORG) Shrinks Team for AI Era Startups Union Square Ventures Doubles Fund Size (ORG) Shrinks Team for AI Era (ORG) New York City (LOCATION) Union Square Ventures (ORG) USV (ORG)
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