Union Square Ventures raises $900M, doubles fund size for AI era
AI summary
New York-based venture firm Union Square Ventures has raised $900 million in new money, including $500 million for its latest early-stage fund, up from $275 million in 2024. The firm is also cutting its general partnership to four investors, including Nick Grossman, and aims to lead more AI rounds.
In-depth insight
A veteran VC shrinking its decision-making team while enlarging its core fund signals a shift toward fewer, larger AI bets.
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