vcspine

USV

USV last closed a fund in August 2026 — 3 months ago. By its own rhythm, that is barely into the cycle.

Next fund
Sep 2028
not due yet
last close~25 mo51 mo

USV has raised 8 times about every 25 months. The last was USV Investors 2026, LP. That points to Sep 2028.

Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.

Deploying  This firm closed a fund in the last 18 months, so it has money to put to work now.

Funds on file
29
Capital raised
$3.77B
Latest close
August 2026
Based in
NY

Vehicles on file

VehicleFirst closeAmount Filings
USV Opportunity Investors 2026, LPAugust 2026$3M0002150619 ↗
USV Investors 2026, LPAugust 2026$4M0002150621 ↗
USV Opportunity 2026, LPJuly 2026$400M offered0002144843 ↗
USV 2026, LPJuly 2026$500M offered0002144844 ↗
USV Investors 2024, LPJuly 2024$7M offered0002027325 ↗
USV 2024, LPJune 2024$275M offered0002027326 ↗
USV Climate 2022, LPJuly 2022$200M offered0001936843 ↗
USV Bundled Investors 2022, LPApril 2022$27M offered0001924244 ↗
USV Bundled 2022, LPApril 2022$75M offered0001924245 ↗
USV Opportunity 2022, LPMarch 2022$350M offered0001918672 ↗
USV 2022, LPMarch 2022$275M offered0001918666 ↗
USV Climate 2021, LPDecember 2020$151M0001833778 ↗
USV Climate Investors 2021, LPDecember 2020$5M0001833679 ↗
USV Bundled 2021, LPDecember 2020$22M0001833676 ↗
USV Investors 2021, LPDecember 2020$6M0001833779 ↗
USV 2021, LPDecember 2020$234M0001833921 ↗
USV Opportunity 2019, LPDecember 2018$238M0001762450 ↗
USV 2019, LPDecember 2018$191M0001762444 ↗
USV Investors 2016, LPMarch 2016$8M0001668245 ↗
USV 2016, LPMarch 2016$167M0001668248 ↗
USV Opportunity Investors 2014, LPJanuary 2014$8M0001597808 ↗
USV Investors 2014, LPJanuary 2014$8M0001597807 ↗
USV Opportunity 2014, LPJanuary 2014$166M0001597793 ↗
USV 2014, LPJanuary 2014$166M0001597790 ↗
USV Investors 2012 Fund, L.P.December 2011$7M0001537452 ↗
Union Square Ventures 2012 Fund, L.P.October 2011$116M0001532179 ↗
Union Square Ventures Opportunity Fund LPDecember 2010$135M0001508427 ↗
USV Opportunity Investors 2019, LP—$11M offered0001762452 ↗
USV Investors 2019, LP—$9M offered0001762455 ↗

Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.

Named on filings

Frederick Wilson, Albert Wenger, Andrew Weissman, Rebecca Kaden, John Buttrick, Nick Grossman, Kerri Rachlin, R. Burnham

What USV invests in

Typical fund
$116M median, early stage, Series A-B scale
Median of this firm’s filed fund sizes on Form D.
Says it invests at
early-stage
“Small Funds We have always maintained relatively small fund sizes: our first early-stage fund in 2004 was $125mm, and our most recent in 2022 was $275mm.” — its own site, read September 2026
Cheque size, in its words
$
“Small Funds We have always maintained relatively small fund sizes: our first early-stage fund in 2004 was $125mm, and our most recent in 2022 was $275mm.” — its own site, read September 2026
Website
usv.com
As filed by the adviser on Form ADV, March 2026.

Sector and stage are quoted from the firm’s own website, not inferred, and dated.

Service providers

Fund administrator
Aduro (22 funds)
Auditor
BDO (17 funds)

From Form ADV filed by UNION SQUARE VENTURES, LLC CRD 162375 ↗, latest filing March 2026, covering 22 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.

What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.

What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.

“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.