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)

Bloomberg: 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 — New York City-based venture firm Union Square Ventures is reinventing itself to better compete in the artificial intelligence race …

Accel raised 5B, including a 4B Leaders fund, focused on writing large checks to late-stage startups globally, and a 650M sidecar fund, taking AUM to 36B (Rebecca Torrence/Bloomberg)
Crypto VC firm Paradigm raised 1.2B, its fourth fund, to invest in areas outside of crypto, like AI and robotics; Paradigm had 11.9B in AUM at the end of 2025 (Rebecca Torrence/Bloomberg)
Sources: Sequoia raised ~7B for a new fund, the first fundraising round under its new leadership; the firm's last expansion fund was a 3.4B vehicle in 2022 (Bloomberg)
Source: Robinhood has filed confidentially for its second publicly traded venture fund, Robinhood Venture Fund II, focusing on early-stage startups (Lucinda Shen/Axios)
SEC filing: OpenAI invests ~400M in its second startup fund, after it raised 175M for its first fund in 2021 from outside investors, including Microsoft (Sarah Klearman/Wall Street Journal)

Source: Techmeme | 2026-10-08

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