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USV raised $900M, including a $500M early-stage fund, up from $275M in 2024, cuts general partnership to four investors, and aims to lead more AI rounds (Bloomberg)

Techmeme ·
Union Square Ventures is raising a larger AI-era fund while narrowing who writes the checks.

The firm raised $900 million across new funds, including $500 million for early-stage investments. That is nearly double the $275 million early-stage fund it raised in 2024. Techmeme’s note says USV also cut its general partnership to four investors and plans to lead more AI rounds. Techmeme’s note

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Categories: Money & Moves