Union Square Ventures

Union Square Ventures (USV), established in 2003 and headquartered in New York, is a venture capital firm that invests in early-stage, growth, and late-stage internet companies. It focuses on the applications layer of the web, internet services, and mobile sector, seeking companies that create large networks and have defensible network effects. USV invests in various industries, including media, marketing, financial services, fintech, climate tech, and healthcare, with a preference for IT-enabled services. It typically invests $1 million initially, with the potential to invest up to $20 million in a single company, and aims for ownership levels of 15% to 20%. USV actively engages with entrepreneurs and often acts as a lead investor. It primarily invests in companies based in New York, San Francisco, London, Berlin, and other locations in between.

John Buttrick

Venture Partner

Grace Carney

Analyst

Nick Grossman

Partner

Matt Mandel

Analyst

Nikhil Raman

Analyst

Fred Wilson

Partner

Past deals in PaaS

Pluralis Research

Seed Round in 2025
Pluralis Research is an AI startup that develops a decentralized AI platform. This platform enables secure and collaborative machine learning across organizations by pooling computational resources, allowing multiple participants to train models together without any single entity accessing the complete model. This approach encourages open participation without upfront costs and ensures economic sustainability for creators.

Dwolla

Venture Round in 2021
Dwolla, Inc. is a financial technology company based in Des Moines, Iowa, established in 2010. The company specializes in providing application program interface (API) solutions that streamline bank transfers and facilitate customer management, enabling businesses to integrate account-to-account payment capabilities seamlessly. Dwolla's modern API allows users to connect bank accounts and initiate transfers efficiently, giving businesses the ability to program payments for same-day, next-day, or real-time processing directly to bank accounts. Their offerings also include the Dwolla Dashboard and Admin, which provides users with an intuitive interface for managing customer relationships, monitoring transactions, and analyzing business trends. By leveraging Dwolla's technology, organizations ranging from startups to Fortune 500 companies can enhance their cash flow, improve operational efficiency, and navigate the complexities of payment networks with greater ease.

Dwolla

Venture Round in 2018
Dwolla, Inc. is a financial technology company based in Des Moines, Iowa, established in 2010. The company specializes in providing application program interface (API) solutions that streamline bank transfers and facilitate customer management, enabling businesses to integrate account-to-account payment capabilities seamlessly. Dwolla's modern API allows users to connect bank accounts and initiate transfers efficiently, giving businesses the ability to program payments for same-day, next-day, or real-time processing directly to bank accounts. Their offerings also include the Dwolla Dashboard and Admin, which provides users with an intuitive interface for managing customer relationships, monitoring transactions, and analyzing business trends. By leveraging Dwolla's technology, organizations ranging from startups to Fortune 500 companies can enhance their cash flow, improve operational efficiency, and navigate the complexities of payment networks with greater ease.

Dwolla

Venture Round in 2017
Dwolla, Inc. is a financial technology company based in Des Moines, Iowa, established in 2010. The company specializes in providing application program interface (API) solutions that streamline bank transfers and facilitate customer management, enabling businesses to integrate account-to-account payment capabilities seamlessly. Dwolla's modern API allows users to connect bank accounts and initiate transfers efficiently, giving businesses the ability to program payments for same-day, next-day, or real-time processing directly to bank accounts. Their offerings also include the Dwolla Dashboard and Admin, which provides users with an intuitive interface for managing customer relationships, monitoring transactions, and analyzing business trends. By leveraging Dwolla's technology, organizations ranging from startups to Fortune 500 companies can enhance their cash flow, improve operational efficiency, and navigate the complexities of payment networks with greater ease.

Dwolla

Series D in 2014
Dwolla, Inc. is a financial technology company based in Des Moines, Iowa, established in 2010. The company specializes in providing application program interface (API) solutions that streamline bank transfers and facilitate customer management, enabling businesses to integrate account-to-account payment capabilities seamlessly. Dwolla's modern API allows users to connect bank accounts and initiate transfers efficiently, giving businesses the ability to program payments for same-day, next-day, or real-time processing directly to bank accounts. Their offerings also include the Dwolla Dashboard and Admin, which provides users with an intuitive interface for managing customer relationships, monitoring transactions, and analyzing business trends. By leveraging Dwolla's technology, organizations ranging from startups to Fortune 500 companies can enhance their cash flow, improve operational efficiency, and navigate the complexities of payment networks with greater ease.

Dwolla

Series C in 2013
Dwolla, Inc. is a financial technology company based in Des Moines, Iowa, established in 2010. The company specializes in providing application program interface (API) solutions that streamline bank transfers and facilitate customer management, enabling businesses to integrate account-to-account payment capabilities seamlessly. Dwolla's modern API allows users to connect bank accounts and initiate transfers efficiently, giving businesses the ability to program payments for same-day, next-day, or real-time processing directly to bank accounts. Their offerings also include the Dwolla Dashboard and Admin, which provides users with an intuitive interface for managing customer relationships, monitoring transactions, and analyzing business trends. By leveraging Dwolla's technology, organizations ranging from startups to Fortune 500 companies can enhance their cash flow, improve operational efficiency, and navigate the complexities of payment networks with greater ease.

Dwolla

Series B in 2012
Dwolla, Inc. is a financial technology company based in Des Moines, Iowa, established in 2010. The company specializes in providing application program interface (API) solutions that streamline bank transfers and facilitate customer management, enabling businesses to integrate account-to-account payment capabilities seamlessly. Dwolla's modern API allows users to connect bank accounts and initiate transfers efficiently, giving businesses the ability to program payments for same-day, next-day, or real-time processing directly to bank accounts. Their offerings also include the Dwolla Dashboard and Admin, which provides users with an intuitive interface for managing customer relationships, monitoring transactions, and analyzing business trends. By leveraging Dwolla's technology, organizations ranging from startups to Fortune 500 companies can enhance their cash flow, improve operational efficiency, and navigate the complexities of payment networks with greater ease.
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