Union Square Ventures expects to invest 'around 30%' of its new $250m fund in crypto industry

Union Square Ventures is planning to allocate a notable segment of its new fund to the crypto space.

Per a January 26 blog post penned by USV managing partner Andy Weissman, USV raised "a 2021 Core Fund with commitments of $250 million." 

The crypto approach is in line with USV's established "thesis-driven" approach to investing, with Weissman noting that "[a]s in our last several funds, we expect a significant portion of the investments -around 30%- will be crypto-related investments."

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