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.

Hanel Baveja

Analyst

John Buttrick

Partner

Grace Carney

Analyst

Matt Mandel

Analyst

Nikhil Raman

Analyst

Fred Wilson

Partner

Past deals in Smart Cities

Bolt.Earth

Series A in 2025
Bolt.Earth specializes in providing charging products and comprehensive solutions for electric vehicles, aiming to advance cleaner mobility in emerging markets. As the leading provider of electric vehicle charging infrastructure in India, Bolt.Earth has established a network of over 20,000 charging points. The company operates a platform that facilitates the discovery of nearby charging locations and offers over-the-air updates to enhance user experience. This platform supports fleets, vehicle owners, and automobile businesses in adopting smart and sustainable services, contributing to a greener future. Through its innovative approach, Bolt.Earth is committed to promoting electric vehicle adoption and transforming transportation in regions with growing demand for eco-friendly mobility solutions.

David Energy

Series A in 2024
David Energy is an innovative energy company focused on transforming electricity consumption and management through advanced technology. It develops an energy management platform that assists customers in optimizing their energy usage by selecting the most suitable mix of behind-the-meter (BTM) assets tailored to specific building and consumption profiles. By leveraging sophisticated machine learning, David Energy enables businesses to design, install, and finance various BTM solutions, effectively lowering energy bills and enhancing control over energy usage. With a commitment to integrating renewable energy sources and promoting smart energy management, David Energy contributes to a more sustainable and efficient energy landscape.

Ostrom

Series A in 2023
Ostrom is an energy platform focused on facilitating the transition to renewable energy by making it more accessible and inclusive for consumers. The company provides a digital platform that allows users to effortlessly switch to green energy, manage their electricity consumption, and track usage through automated meter readings. Ostrom offers a flexible monthly billing system that emphasizes transparency and stores contract details, ensuring a user-friendly experience. Additionally, the platform features a multilingual interface, enabling a diverse range of customers to engage with green energy options at competitive rates without the burden of monthly lock-ins.

Ostrom

Series A in 2022
Ostrom is an energy platform focused on facilitating the transition to renewable energy by making it more accessible and inclusive for consumers. The company provides a digital platform that allows users to effortlessly switch to green energy, manage their electricity consumption, and track usage through automated meter readings. Ostrom offers a flexible monthly billing system that emphasizes transparency and stores contract details, ensuring a user-friendly experience. Additionally, the platform features a multilingual interface, enabling a diverse range of customers to engage with green energy options at competitive rates without the burden of monthly lock-ins.

Shift EV

Series A in 2022
Shift EV is an electric mobility technology startup focused on developing electric vehicle batteries specifically for commercial vehicles. The company aims to facilitate the transition to electric fleets, particularly in emerging markets. Shift EV equips fleet owners, operators, and financiers with essential data regarding electric vehicle operations, including potential savings, electricity consumption, emissions reduction, available battery range, and mileage. Additionally, Shift EV employs proprietary electro-fitting technology, which allows the conversion of conventional vehicles into electric-run vehicles, contributing to reduced environmental pollution and conservation of natural resources.

David Energy

Series A in 2022
David Energy is an innovative energy company focused on transforming electricity consumption and management through advanced technology. It develops an energy management platform that assists customers in optimizing their energy usage by selecting the most suitable mix of behind-the-meter (BTM) assets tailored to specific building and consumption profiles. By leveraging sophisticated machine learning, David Energy enables businesses to design, install, and finance various BTM solutions, effectively lowering energy bills and enhancing control over energy usage. With a commitment to integrating renewable energy sources and promoting smart energy management, David Energy contributes to a more sustainable and efficient energy landscape.

Bolt.Earth

Series A in 2021
Bolt.Earth specializes in providing charging products and comprehensive solutions for electric vehicles, aiming to advance cleaner mobility in emerging markets. As the leading provider of electric vehicle charging infrastructure in India, Bolt.Earth has established a network of over 20,000 charging points. The company operates a platform that facilitates the discovery of nearby charging locations and offers over-the-air updates to enhance user experience. This platform supports fleets, vehicle owners, and automobile businesses in adopting smart and sustainable services, contributing to a greener future. Through its innovative approach, Bolt.Earth is committed to promoting electric vehicle adoption and transforming transportation in regions with growing demand for eco-friendly mobility solutions.

David Energy

Series A in 2020
David Energy is an innovative energy company focused on transforming electricity consumption and management through advanced technology. It develops an energy management platform that assists customers in optimizing their energy usage by selecting the most suitable mix of behind-the-meter (BTM) assets tailored to specific building and consumption profiles. By leveraging sophisticated machine learning, David Energy enables businesses to design, install, and finance various BTM solutions, effectively lowering energy bills and enhancing control over energy usage. With a commitment to integrating renewable energy sources and promoting smart energy management, David Energy contributes to a more sustainable and efficient energy landscape.

Veniam

Series B in 2016
Veniam is a technology company focused on enhancing future mobility and creating more human-centric environments through intelligent networking software. The company develops vehicular mesh networks that transform vehicles into Wi-Fi hotspots, expanding wireless coverage in urban areas. Veniam's solutions cater to various sectors, including delivery fleets, dash-cams, telematics, connected cars, and autonomous vehicles. With a robust portfolio of over 140 issued patents, the company optimizes data transmission across diverse networks, such as 4G, 5G, and V2X, ensuring efficient and secure communication between vehicles and the cloud. By enabling the Internet of Moving Things, Veniam aims to improve the lives of millions by facilitating smarter mobility, enhancing internet access, and collecting valuable data for smart city initiatives. Founded in 2012 and headquartered in Mountain View, California, Veniam also has an engineering center in Porto, Portugal, and sales offices in Detroit, Munich, and Tokyo.

Veniam

Series A in 2014
Veniam is a technology company focused on enhancing future mobility and creating more human-centric environments through intelligent networking software. The company develops vehicular mesh networks that transform vehicles into Wi-Fi hotspots, expanding wireless coverage in urban areas. Veniam's solutions cater to various sectors, including delivery fleets, dash-cams, telematics, connected cars, and autonomous vehicles. With a robust portfolio of over 140 issued patents, the company optimizes data transmission across diverse networks, such as 4G, 5G, and V2X, ensuring efficient and secure communication between vehicles and the cloud. By enabling the Internet of Moving Things, Veniam aims to improve the lives of millions by facilitating smarter mobility, enhancing internet access, and collecting valuable data for smart city initiatives. Founded in 2012 and headquartered in Mountain View, California, Veniam also has an engineering center in Porto, Portugal, and sales offices in Detroit, Munich, and Tokyo.

Bolt.Earth

Bolt.Earth specializes in providing charging products and comprehensive solutions for electric vehicles, aiming to advance cleaner mobility in emerging markets. As the leading provider of electric vehicle charging infrastructure in India, Bolt.Earth has established a network of over 20,000 charging points. The company operates a platform that facilitates the discovery of nearby charging locations and offers over-the-air updates to enhance user experience. This platform supports fleets, vehicle owners, and automobile businesses in adopting smart and sustainable services, contributing to a greener future. Through its innovative approach, Bolt.Earth is committed to promoting electric vehicle adoption and transforming transportation in regions with growing demand for eco-friendly mobility solutions.

Volteras

Volteras is a developer of software focused on electric vehicles and connected car technology. The company collects, standardizes, and optimizes data from various energy devices, including chargers, heat pumps, home batteries, and solar inverters, into a unified data model. Through its platform, Volteras Connect, businesses can leverage this data to gain insights into electric vehicle performance under real-world conditions. The software facilitates the creation of new revenue streams, cost reduction, and the development of innovative business models. Volteras aims to serve as a vital link between electric vehicles and the broader ecosystem of energy suppliers and related technologies.

Mombak

Mombak is a carbon removal company dedicated to reforesting the Amazon. It specializes in cultivating native, biodiverse forests that effectively remove carbon from the atmosphere while ensuring high integrity in its projects. The company's initiatives are designed to achieve significant additionality and durability, with minimal leakage, thus enhancing biodiversity and supporting socioeconomic development in local communities. Mombak's team consists of experts in science, technology, forestry, and carbon markets, all working together to improve forestry practices and contribute to a sustainable future.
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