Union Square Ventures

Union Square Ventures is a New York-based venture capital firm founded in 2003, specializing in early-stage and growth financing across various sectors, including financial services, healthcare, and technology. The firm exclusively invests in the internet ecosystem, focusing on web applications, internet services, and mobile technologies that leverage large user networks and network effects. Union Square Ventures typically makes initial investments ranging from $1 million to $3 million, with a maximum investment of up to $20 million in any single company. The firm prefers to act as a lead investor, targeting ownership levels of 15% to 20%, and actively engages with the entrepreneurs it funds. Its investment strategy includes seeking out companies that utilize innovative information technology to drive high growth in diverse fields such as media, marketing, fintech, climate tech, and blockchain. Union Square Ventures primarily invests in companies located in major urban centers, including New York, San Francisco, London, and Berlin.

Brad Burnham

Partner

John Buttrick

Partner

Grace Carney

Analyst

Nick Grossman

Partner

Matt Mandel

Analyst

Hannah Murdoch

Analyst

Nikhil Raman

Analyst

Andy Weissman

Managing Partner

Fred Wilson

Partner

Past deals in Renewables

Noya

Series A in 2023
Noya captures CO2 from the sky and re-sells it for 2x cheaper than existing options. We do this by retrofitting existing industrial equipment like cooling towers and converting them into CO2 capture machines.

XFuel

Venture Round in 2022
XFuel produces sustainable and net-zero road, marine and aviation drop-in fuels for distributors and consumers. The company was founded in 2010 and is based in Palma de Mallorca, Baleares. XFuel has developed technology for sustainable and cost-effective conversion of biomass waste into a clean and drop-in advanced fuel for the transport sector. Fuel is produced efficiently, at low-cost and with currently up to 90% fewer GHGs than traditional fossil fuel production, with a clear route to achieving carbon negative fuels.

Brilliant Planet

Series A in 2022
Brilliant Planet is unlocking the power of algae as an affordable method of permanently and quantifiably sequestering carbon at the gigaton scale. The company's innovative process enables vast quantities of microalgae to grow in open-air pond-based systems on coastal desert land.

David Energy

Series A in 2022
David Energy is an electricity provider based in Brooklyn, New York, that specializes in designing, building, and managing onsite energy grids for industrial, commercial, and residential clients. The company empowers its customers by offering a comprehensive platform that facilitates the management of energy consumption and billing, enabling users to access vital data with greater transparency. Founded in 2017, David Energy integrates sophisticated machine learning technology to help clients optimize their energy assets, ultimately lowering energy costs and enhancing control over their energy usage. The company provides both hands-on expertise and software support to ensure effective implementation and management of energy solutions.

XFuel

Seed Round in 2022
XFuel produces sustainable and net-zero road, marine and aviation drop-in fuels for distributors and consumers. The company was founded in 2010 and is based in Palma de Mallorca, Baleares. XFuel has developed technology for sustainable and cost-effective conversion of biomass waste into a clean and drop-in advanced fuel for the transport sector. Fuel is produced efficiently, at low-cost and with currently up to 90% fewer GHGs than traditional fossil fuel production, with a clear route to achieving carbon negative fuels.

Radiant

Series A in 2022
Radiant is engaged in the development of portable nuclear microreactors that serve as a clean energy alternative to fossil fuels for military and commercial uses. Founded in 2019 and headquartered in Los Angeles, California, the company leverages the expertise of former SpaceX engineers to create innovative power solutions. Its patented microreactor is designed to fit within a shipping container, allowing for transportation by air, sea, and road. Utilizing safe fuels that have been extensively tested by the Department of Energy, Radiant's technology draws on decades of nuclear innovation to provide a low-cost, zero-emissions power source that can operate in diverse environments.

Leap

Series B in 2021
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Transmutex

Series A in 2021
Transmutex develops nuclear technology designed to efficiently reduce the stockpile of existing nuclear waste-based technologies tested at CERN and at the Paul Scherrer Institute (PSI).

Remora

Seed Round in 2021
Remora is a developer of a carbon capture device designed for semi-trucks, which mounts between the truck's cab and trailer. This innovative technology employs a solid sorbent that selectively binds with carbon dioxide molecules in the exhaust stream, effectively capturing emissions without disrupting vehicle performance. The device utilizes exhaust heat to regenerate the sorbent, ensuring continuous operation. By selling the captured carbon dioxide to concrete producers and other end users, Remora enables companies to create new revenue streams while helping them fulfill their climate commitments.

David Energy

Series A in 2020
David Energy is an electricity provider based in Brooklyn, New York, that specializes in designing, building, and managing onsite energy grids for industrial, commercial, and residential clients. The company empowers its customers by offering a comprehensive platform that facilitates the management of energy consumption and billing, enabling users to access vital data with greater transparency. Founded in 2017, David Energy integrates sophisticated machine learning technology to help clients optimize their energy assets, ultimately lowering energy costs and enhancing control over their energy usage. The company provides both hands-on expertise and software support to ensure effective implementation and management of energy solutions.

Leap

Series A in 2020
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Wren

Seed Round in 2020
Wren is a San Jose, California-based company that develops a web application aimed at helping individuals and businesses achieve carbon neutrality. Founded in 2019, the platform allows users to track their carbon footprints, identify ways to reduce emissions, and offset the remaining emissions through a subscription service. This approach not only facilitates a straightforward method for users to combat climate change but also generates funding for Wren's future initiatives. By providing accessible tools for carbon accounting and offsetting, Wren seeks to empower its users to take meaningful action against environmental challenges.
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