INSUBCONTINENT EXCLUSIVE:
Union Square Ventures, a venture capital firm known for early bets in Twitter, Etsy and Tumblr, has $450 million in capital commitments
to plow into the next generation of technology startups.
The capital, which comes in just above the $429 million USV filed to raise earlier
this year, is divided across two new funds: $200 million for its 2019 Core Fund and $250 million for the 2019 Opportunity Fund
The two funds are larger than their predecessors, which both closed on $175 million in 2016.
USV is expanding its partnership to manage the
The firm announced today the hiring of Gillian Munson as a partner
Munson was most recently the chief financial officer at XO Media, a business responsible for several brands, including wedding planning site
Additionally, USV has promoted Nick Grossman, the firm former general manager of special projects, to partner
Grossman focuses on cryptonetworks and blockchain technology.
Founded in 2003 byFred Wilson andBrad Burnham, USV has been careful in
expanding its partnership
Munson and Grossman mark the seventh and eighth additions to its team of partners in its 15-year history
Most recently, Rebecca Kaden joined from Maveron to become USV first female partner.
Rebecca Kaden joins Union Square Ventures as general
