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Union Square Ventures Set To Invest 30% Of Its $250 Million New Fund In The Crypto Space

Mary Liu

Summary: Andy Weissman, the managing partner from Union Square Ventures (USV) stated in today’s blog that its seventh early-stage venture fund--the 2021 Core Fund--has "raised with commitments of $250 million." USV's well-known investments in the crypto field include Coinbase, Polychain Capital, and Dapper Labs. Like before, USV expects a large portion of the investment (about 30%) will ...

Andy Weissman, the managing partner from Union Square Ventures (USV) stated in today’s blog that its seventh early-stage venture fund--the 2021 Core Fund--has "raised with commitments of $250 million."

USV's well-known investments in the crypto field include Coinbase, Polychain Capital, and Dapper Labs. Like before, USV expects a large portion of the investment (about 30%) will be cryptocurrency-related, including the direct holding of tokens or equity in early blockchain-related projects.

By Mary Liu

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