Union Square Ventures | Activity

Investment

USV led a $30M Series A financing in Tolan, an AI companion platform, alongside Khosla Ventures. Tolan has 250K+ monthly active users and 70M+ conversations.

Tolan

Tolan Union Square Ventures

usv.comOCT 19, 2026

OCT 19, 2026

Essay

USV published a major thesis update articulating four pillars: (1) AI will obliterate markets not automate them, (2) Data at the Edge - funding companies aggregating previously unreachable data through physical intelligence, (3) The Rebel Alliance - consumers/enterprises seeking powerful intelligence with tighter incentive alignment, (4) Energy thesis merging into core fund.

Union Square Ventures

Union Square VenturesUnion Square Ventures

usv.comOCT 8, 2026

OCT 8, 2026

Team Change

Michael Mignano (cofounder of Anchor) promoted to General Partner. Jared Hecht (cofounder of GroupMe, Fundera) joins as Venture Partner. Scott Belsky (cofounder of Behance, former CPO at Adobe) joins as Product Advisory Partner. Andy Weissman, Albert Wenger, John Buttrick, and Brad Burnham transition to supporting roles.

Union Square Ventures

Union Square VenturesUnion Square Ventures

usv.comOCT 8, 2026

OCT 8, 2026

New Fund

USV announced $900M in new funds, added Michael Mignano as GP, Jared Hecht as Venture Partner, and Scott Belsky as Product Advisory Partner. Updated investment thesis around AI obliterating markets, Data at the Edge, The Rebel Alliance, and energy. Andy Weissman, Albert Wenger, John Buttrick, and Brad Burnham transition to supporting roles.

Union Square Ventures

Union Square VenturesUnion Square Ventures

usv.comOCT 8, 2026

OCT 8, 2026

Investment

USV introduced Supertake, a new platform incubated within USV that uses frontier AI and trading agents to turn user insights into investment portfolios. In private beta.

Supertake

Supertake Union Square Ventures

usv.comSEP 28, 2026

SEP 28, 2026

Investment

USV led a Series A investment in Gritt, an infrastructure robotics company starting with grid-scale solar array construction. Gritt has deployed robots in tens of MW of solar and is contracted for 2.8 GW.

Gritt Robotics

Gritt Robotics Union Square Ventures

usv.comJUL 21, 2026

JUL 21, 2026

Investment

USV led Pascal's Series A financing. Pascal is a prediction market venue built by former dYdX traders, already processed 2M+ contracts in private beta.

Pascal

Pascal Union Square Ventures

usv.comJUL 16, 2026

JUL 16, 2026

Essay

Nikhil Raman published essay on prediction markets noting rapid growth over last 24 months.

Prediction Markets and Open Finance

Union Square Ventures

usv.comJUL 16, 2026

JUL 16, 2026

Essay

Rebecca Kaden published essay on critical data sets access and implications for AI infrastructure.

Critical Data Sets Access

Union Square Ventures

usv.comJUL 8, 2026

JUL 8, 2026

Investment

USV invested in Alqem's seed round. Alqem uses AI to discover rare-earth-free magnetic materials for electric motors and robotics.

alqem

alqem Union Square Ventures

usv.comJUL 6, 2026

JUL 6, 2026

Essay

Nikhil Raman highlights Pascal, a new prediction market venue built by traders for traders.

Pascal (company spotlight)

Union Square Ventures

blog.usv.comJUL 2026

JUL 2026

Essay

Albert Wenger profiles Gritt, an intelligent system combining robotics and AI to build infrastructure.

Gritt (company spotlight)

Union Square Ventures

blog.usv.comJUL 2026

JUL 2026

Essay

Michael Mignano explores how USV approaches startup investments through the lens of reimagining processes rather than automating existing ones.

Obliterate, Don't Automate

Union Square Ventures

blog.usv.comJUL 2026

JUL 2026

Essay

Rebecca Kaden publishes a major thesis essay on physical world data collection, robotics sensors, and edge AI infrastructure creating new data loops in automation, energy, and infrastructure.

Data At The Edge

Sofar OceanIsembardViamGeneralist Tutor Intelligence Union Square Ventures

usv.comJUL 2026

JUL 2026

Union Square Ventures Activity

USV led a $30M Series A financing in Tolan, an AI companion platform, alongside Khosla Ventures. Tolan has 250K+ monthly active users and 70M+ conversations.

USV introduced Supertake, a new platform incubated within USV that uses frontier AI and trading agents to turn user insights into investment portfolios. In private beta.

USV led a Series A investment in Gritt, an infrastructure robotics company starting with grid-scale solar array construction. Gritt has deployed robots in tens of MW of solar and is contracted for 2.8 GW.

USV led Pascal's Series A financing. Pascal is a prediction market venue built by former dYdX traders, already processed 2M+ contracts in private beta.

Nikhil Raman published essay on prediction markets noting rapid growth over last 24 months.

Rebecca Kaden published essay on critical data sets access and implications for AI infrastructure.

USV invested in Alqem's seed round. Alqem uses AI to discover rare-earth-free magnetic materials for electric motors and robotics.

Nikhil Raman highlights Pascal, a new prediction market venue built by traders for traders.

Albert Wenger profiles Gritt, an intelligent system combining robotics and AI to build infrastructure.

Michael Mignano explores how USV approaches startup investments through the lens of reimagining processes rather than automating existing ones.

Rebecca Kaden publishes a major thesis essay on physical world data collection, robotics sensors, and edge AI infrastructure creating new data loops in automation, energy, and infrastructure.