Venture capital firm
Union Square Ventures portfolio
usv.comUnion Square Ventures is a venture capital firm based in New York, United States, founded in 2004. It has invested in 171 venture-backed companies across 254 funding rounds on VCMC, and led 88 of those rounds. 20 of them were in the last 12 months.
171
Venture-backed companies
in its portfolio on VCMC
254
Funding rounds
led 88
20
Last 12 months
rounds, Oct 2025 to Sep 2026
35
With a disclosed valuation
of 171 companies
$91.0B
Combined value of its private companies
the whole companies, not what Union Square Ventures owns
162 private companies Union Square Ventures has backed have a VCMC valuation; together they are worth $91.0B. That is the value of the whole companies, not what Union Square Ventures owns. Carta is 11% of the total. 9 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Union Square Ventures' most valuable portfolio companies
The 10 most valuable private companies Union Square Ventures has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Carta Tech Companies, San Francisco $10.2B range $4.0B – $16.0B Joined at Series A, 2012
- 2 Upgrade Loans & Financing, San Francisco $9.5B range $6.3B – $10.9B Joined at Series A, 2017
- 3 Yuga Labs Tech Companies, Coral Gables $6.8B range $844M – $14.9B Joined at Seed, 2022
- 4 Abridge Tech Companies, Philadelphia $6.2B range $4.6B – $8.2B Joined at Series A, 2022
- 5 Dapper Labs Tech Companies, Vancouver $4.9B range $661M – $9.2B Joined at Growth, 2021
- 6 Polygon Cryptocurrency $4.1B range $1.4B – $21.9B Joined at Growth, 2022
- 7 Generalist Tech Companies, San Francisco $3.2B range $2.6B – $5.2B Joined at Growth, 2026
- 8 Learning, Tutoring & Courses, San Francisco $2.5B range $257M – $3.7B Joined at Series B, 2020
- 9 Radiant Nuclear Electric Supplies & Power Generation, El Segundo $2.3B range $1.6B – $2.7B Joined at Series C, 2025
- 10 Stash Investment Consultants & Financial Advisors, New York $2.1B range $924M – $3.4B Led at Series D, 2018
Portfolio
Full Union Square Ventures portfolio (171 companies)
171 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SoundCloud Media Companies · since Series F, 2017 | Series F Aug 2017 $170M | $829M | $101M – $2.4B | $829M (0%) | $240M | 29% | 1,026 | up | D | |
| 2 | Carta Tech Companies · since Series A, 2012 | Series G Aug 2021 $500M | $10.2B | $4.0B – $16.0B | $10.1B (-1%) | $1.5B | 5% | 5,814 | growing | C | |
| 3 | Abridge Tech Companies · since Series A, 2022 | Series E Apr 2026 $316M | $6.2B | $4.6B – $8.2B | $7.1B (+14%) | $780M | 0% | 677 | growing | A | |
| 4 | Addi Payment Processing & Point of Sale · led at Series B, 2021 | Series D Jul 2026 $85M | $941M | $617M – $1.6B | $1.1B (+21%) | $153M | 0% | 950 | growing | B | |
| 5 | Upgrade Loans & Financing · since Series A, 2017 | Series G Oct 2025 $165M | $9.5B | $6.3B – $10.9B | $9.5B (0%) | $1.0B | 0% | 1,602 | flat | A | |
| 6 | Stash Investment Consultants & Financial Advisors · led at Series D, 2018 | Series H May 2025 $146M | $2.1B | $924M – $3.4B | $1.9B (-9%) | $259M | 30% | 240 | flat | C | |
| 7 | Generalist Tech Companies · since Growth, 2026 | Series B Aug 2026 $200M | $3.2B | $2.6B – $5.2B | $4.5B (+40%) | $495M | 0% | 106 | growing | B | |
| 8 | Dapper Labs Tech Companies · since Growth, 2021 | Growth Equity Sep 2021 $250M | $4.9B | $661M – $9.2B | $4.6B (-7%) | $752M | 30% | 190 | unknown | D | |
| 9 | Radiant Nuclear Electric Supplies & Power Generation · since Series C, 2025 | Series D Dec 2025 $300M | $2.3B | $1.6B – $2.7B | $2.3B (+4%) | $257M | 0% | 580 | unknown | A | |
| 10 | C2FO Loans & Financing · since Growth, 2013 | Growth Equity Apr 2025 $30M | $379M | $160M – $637M | $345M (-9%) | $33.0M | 46% | 589 | flat | C | |
| 11 | Polygon Cryptocurrency · since Growth, 2022 | Growth Equity Feb 2022 $450M | $4.1B | $1.4B – $21.9B | $4.0B (-4%) | $2.3B | 81% | 366 | down | D | |
| 12 | Yuga Labs Tech Companies · since Seed, 2022 | Seed Mar 2022 $450M | $6.8B | $844M – $14.9B | $6.2B (-8%) | $3.0B | 38% | 115 | flat | D | |
| 13 | Ritual Vitamins & Supplements · since Series B, 2019 | Series B Feb 2019 $25M | $196M | $14.0M – $278M | $191M (-2%) | $25.8M | 0% | 239 | up | D | |
| 14 | Tech Companies · led at Series A, 2009 | Series F Oct 2018 $33M | $231M | $33.9M – $519M | $231M (0%) | $55.8M | 46% | 523 | flat | D | |
| 15 | Tech Companies · led at Series A, 2013 | Series E Apr 2021 $50M | $287M | $92.8M – $1.9B | $259M (-10%) | $153M | 97% | 282 | down | D | |
| 16 | Art & Music Publishers · led at Series B, 2008 | Series E Sep 2011 $85M | $480M | $56.0M – $879M | $480M (0%) | $114M | 17% | 1,915 | flat | D | |
| 17 | Tech Companies · led at Seed, 2013 | Series D Feb 2021 $55M | $502M | $44.5M – $645M | $496M (-1%) | $79.0M | 2% | 330 | flat | D | |
| 18 | Tech Companies · since Seed, 2021 | Series A Jun 2022 $25M | $133M | $15.1M – $355M | $117M (-12%) | $42.9M | 35% | 69 | flat | D | |
| 19 | Tech Companies · led at Series A, 2016 | Growth Equity Jun 2021 $50M | $892M | $138M – $1.3B | $885M (-1%) | $111M | 4% | 300 | up | D | |
| 20 | Tech Companies · led at Series A, 2022 | Series C Mar 2025 $30M | $348M | $129M – $543M | $337M (-3%) | $40.0M | 10% | 268 | flat | C | |
| 21 | Tech Companies · led at Series A, 2015 | Series C Oct 2021 $60M | $73.5M | $32.6M – $313M | $65.6M (-11%) | $78.0M | 97% | 46 | shrinking | D | |
| 22 | Tech Companies · since Series E, 2020 | Acquisition Jun 2021 $1.80B | $1.3B acquired 2021 | $698M – $2.1B | – | – | 0% | 390 | flat | B | |
| 23 | Tech Companies · since Series C, 2015 | Acquisition Feb 2024 $1.80B | $812M acquired 2024 | $96.3M – $1.2B | – | – | 0% | 740 | up | D | |
| 24 | Tech Companies · since Series A, 2023 | Series B Apr 2025 $50M | $440M | $175M – $660M | $408M (-7%) | $54.9M | 24% | 72 | flat | C | |
| 25 | Tech Companies · led at Series A, 2016 | Series C Sep 2021 $50M | $36.1M | $17.2M – $133M | $32.3M (-11%) | $35.5M | 97% | 23 | shrinking | D | |
| 26 | Tech Companies · led at Series A, 2023 | Series B Mar 2024 $50M | $268M | $80.5M – $598M | $171M (-36%) | $48.7M | 58% | 54 | flat | D | |
| 27 | Tech Companies · led at Series B, 2024 | Series B Jun 2024 $27M | $140M | $63.2M – $182M | $120M (-14%) | $17.9M | 19% | 65 | up | B | |
| 28 | Tech Companies · led at Series A, 2013 | Acquisition Sep 2024 | $156M acquired 2024 | $18.0M – $336M | – | – | 29% | 89 | flat | D | |
| 29 | Tech Companies · led at Series C, 2015 | Growth Equity Apr 2017 $25M | $403M | $19.0M – $823M | $403M (0%) | $26.7M | 17% | 692 | flat | D | |
| 30 | Tech Companies · led at Series B, 2021 | Series B Nov 2021 $39M | $108M | $20.3M – $419M | $106M (-2%) | $47.4M | 65% | 112 | flat | D | |
| 31 | Utility companies · since Series A, 2024 | Series A Sep 2024 $23M | $133M | $42.8M – $292M | $104M (-22%) | $31.5M | 55% | 54 | down | C | |
| 32 | Tech Companies · led at Series A, 2026 | Series B Feb 2026 $26M | $208M | $110M – $332M | $234M (+13%) | $25.8M | 0% | 106 | up | B | |
| 33 | Tech Companies · since Series B, 2010 | Series D Nov 2012 $25M | $2.98M | $0 – $2.98M | $2.98M (0%) | – | 100% | 11 | down | dead | |
| 34 | Tech Companies · led at Series A, 2015 | Series B Feb 2018 $20M | $129M | $9.84M – $641M | $129M (0%) | $23.0M | 88% | 439 | down | D | |
| 35 | Tech Companies · since Series A, 2023 | Acquisition Jun 2026 | $46.2M acquired 2026 | $19.4M – $187M | – | – | 94% | 45 | down | D | |
| 36 | Loans & Financing · led at Growth, 2023 | Growth Equity Sep 2023 $30M | $135M | $31.1M – $208M | $127M (-6%) | $13.3M | 0% | 39 | up | C | |
| 37 | Tech Companies · led at Series A, 2022 | Series A Feb 2022 $30M | $1.67M | $0 – $1.67M | $1.67M (0%) | – | 100% | 6 | unknown | dead | |
| 38 | Tech Companies · led at Series A, 2020 | Series B Jan 2022 $23M | $57.2M | $10.4M – $216M | $55.6M (-3%) | $25.4M | 65% | 125 | flat | D | |
| 39 | Tech Companies · led at Series A, 2022 | Series A Mar 2022 $22M | $197M | $15.7M – $364M | $188M (-4%) | $36.6M | 6% | 83 | up | D | |
| 40 | Tech Companies · led at Seed, 2026 | Seed Apr 2026 $18M | $121M | $78.9M – $187M | $104M (-14%) | $43.3M | 97% | 8 | down | B | |
| 41 | Tech Companies · since Seed, 2026 | Seed May 2026 $17M | $152M | $74.5M – $345M | $227M (+49%) | $40.8M | 0% | 34 | unknown | C | |
| 42 | Tech Companies · led at Series A, 2015 | Other Apr 2023 $7.6M | $22.9M | $2.34M – $51.6M | $22.9M (0%) | $9.80M | 26% | – | flat | D | |
| 43 | Tech Companies · since Seed, 2019 | Other Sep 2025 $3.0M | $10.8M | $2.31M – $88.5M | $10.1M (-7%) | $8.26M | 97% | 12 | down | D | |
| 44 | Tech Companies · led at Series A, 2024 | Series A Aug 2024 $12M | $130M | $52.1M – $184M | $130M (0%) | $18.2M | 0% | 56 | growing | C | |
| 45 | Tech Companies · led at Series B, 2025 | Series B Jan 2025 $13M | $53.4M | $29.8M – $116M | $33.4M (-38%) | $11.9M | 97% | 11 | shrinking | C | |
| 46 | Tech Companies · led at Seed, 2020 | Series A Jul 2022 $10M | $35.4M | $3.74M – $57.5M | $31.5M (-11%) | $8.19M | 17% | 29 | flat | D | |
| 47 | Tech Companies · since Series A, 2022 | Series A Jan 2022 $13M | $10.4M | $4.80M – $36.6M | $10.1M (-3%) | $18.2M | 97% | 8 | shrinking | D | |
| 48 | Tech Companies · since Series B, 2011 | Series B Mar 2011 $12M | $129M | $5.63M – $196M | $129M (0%) | $14.1M | 0% | 4 | unknown | D | |
| 49 | Tech Companies · led at Series A, 2025 | Series A May 2025 $11M | $72.9M | $28.4M – $122M | $61.1M (-16%) | $15.1M | 46% | 16 | down | C | |
| 50 | Tech Companies · since Series A, 2024 | Series A May 2024 $11M | $163M | $61.3M – $248M | $163M (0%) | $22.8M | 0% | 12 | growing | C |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Union Square Ventures invests: stages, industries and countries
Most of its rounds are Series A (32%). Its companies span 50 industries, most in Tech Companies, Loans & Financing and Cryptocurrency, across 22 countries.
Rounds by stage
- Seed 41
- Series A 82
- Series B 59
- Series C and later 72
Investments by industry
- Tech Companies 78
- Loans & Financing 7
- Cryptocurrency 5
- Payment Processing & Point of Sale 5
- Video and Audio Production 5
- Batteries 4
- Chemicals 4
- Investment Consultants & Financial Advisors 4
Investments by country
- United States 125
- United Kingdom 9
- Germany 7
- Canada 5
- France 3
- Australia 2
Recent rounds
Union Square Ventures' latest investments
Union Square Ventures' most recent funding rounds, newest first. 20 rounds in the last 12 months.
- Seed $10M 12 Oct 2026
- Series B $90M 7 Oct 2026
- Series B $97M 29 Sep 2026
- Generalist Series B $200M 25 Aug 2026
- Series A $43M 30 Jul 2026
- Series A $32M 21 Jul 2026
- Series B $75M 13 Jul 2026
- Series B $75M 22 Jun 2026
- Generalist Growth $400M 4 Jun 2026
- Series A, led $20M 2 Jun 2026
Co-investors
Union Square Ventures' top co-investors
The investors that most often join the same rounds as Union Square Ventures. Andreessen Horowitz leads, with 30 rounds together.
- Andreessen Horowitz 30 rounds together
- Spark Capital 29 rounds together
- Y Combinator 15 rounds together
- SV Angel 13 rounds together
- Index Ventures 12 rounds together
- 11 rounds together
- Founders Fund 11 rounds together
- Sequoia Capital 10 rounds together
- 10 rounds together
- BoxGroup 10 rounds together
About
About Union Square Ventures
Union Square Ventures is an American venture capital firm that invests in early- and later-stage startups across sectors such as social media, marketplaces, developer tools, learning, health, fintech, web3, decentralized systems, energy, and climate. The firm also operates as an investment bank and provides private equity services. Its investment strategy emphasizes rapid experimentation and broadening access to technology and market opportunities.
Description from Veridion's company data.
- Founded
- 2004
- Based in
- New York, United States
- Team
- 28 people, -35% in a year
- Type
- Venture capital firm
Focus markets
- Technology
- Financial Services
- Healthcare
- Energy
- Climate
What Union Square Ventures offers
- Venture Capital Investment Services
- Early-Stage Startup Investment Services
- Later-Stage Startup Investment Services
- Sector-Specific Technology Investment Services
- Innovation-Focused Investment Strategy Services
- Collaborative Investment Approach Services
- Portfolio Company Growth Support Services
- Large Market Edge Investment Services
Questions
Union Square Ventures: frequently asked questions
How many companies has Union Square Ventures invested in?
171 venture-backed companies on VCMC, across 254 funding rounds.
What are Union Square Ventures' most valuable private companies?
Carta ($10.2B), Upgrade ($9.5B), Yuga Labs ($6.8B), by VCMC's valuation.
What was Union Square Ventures' latest investment?
Mana Battery, a Seed round in Oct 2026 of $10M.
Which stages does Union Square Ventures invest in?
Union Square Ventures invests most often at Series A (82 rounds), followed by Series C and later (72) and Series B (59). It has also joined 41 seed rounds.
What is Union Square Ventures' portfolio worth?
Its private companies with a VCMC valuation are worth $91.0B together. That is the sum of the companies' values, not what Union Square Ventures owns.
Who does Union Square Ventures invest alongside?
Andreessen Horowitz (30 rounds), Spark Capital (29 rounds), Y Combinator (15 rounds).