Venture Capital Firms Close Major New Funds as 2020 Ends
As 2020 drew to a close, SEC filings revealed that prominent venture capital firms Union Square Ventures (USV) and Learn Capital secured significant new funding - underscoring the sector’s resilience during a turbulent year. Despite pandemic challenges, venture capital activity not only persisted but thrived, with remote deal-making proving effective for well-capitalized firms.
Union Square Ventures’ Dual Fund Strategy
New York-based USV made two notable SEC filings:
- USV Climate 2021: A $151 million fund focused on climate technology investments, reflecting growing VC interest in sustainable solutions
- USV Bundled: A $22.4 million investment vehicle with unspecified focus, though the firm’s recent blog post suggests continued emphasis on education technology
Climate tech has emerged as a particularly hot sector, with startups attracting unprecedented investor attention throughout 2020.
Learn Capital’s EdTech Focus
The education-focused VC firm filed paperwork indicating:
- $132 million already secured for its fourth investment vehicle
- Plans to raise $250 million total for the fund
This development follows Owl Ventures’ massive $585 million edtech fund closure in September 2020, signaling strong continued confidence in education technology markets.
Notable Mention: Lattice CEO’s New Venture
Lattice CEO Jack Altman filed a New Year’s Eve SEC disclosure revealing plans to raise $20 million for an unspecified fund. This potentially relates to Apollo, the venture fund founded by the Altman brothers (including former Y Combinator president Sam Altman, now CEO of OpenAI).
While the firms haven’t provided official comments (unsurprising given the holiday timing), these filings collectively demonstrate venture capital’s robust activity closing out an otherwise challenging year. The moves suggest continued strong investment in climate tech, education technology, and potentially other innovative sectors as we enter 2021.
📚 Featured Products & Recommendations
Discover our carefully selected products that complement this article’s topics:
🛍️ Featured Product 1: 9 Pcs Dog Grooming Brush Shedding Kit Self Cleaning Slicker Dog Brush Shedding and Flea Comb Nail Clippers and File Pet Grooming Brush with Adjust…
Image: Premium product showcase
Carefully crafted 9 pcs dog grooming brush shedding kit self cleaning slicker dog brush shedding and flea comb nail clippers and file pet grooming brush with adjust… delivering superior performance and lasting value.
Key Features:
- Industry-leading performance metrics
- Versatile application capabilities
- Robust build quality and materials
- Satisfaction guarantee and warranty
🔗 View Product Details & Purchase
🛍️ Featured Product 2: 8 Pieces 5.9×11.8in (15X30cm) Aquarium Grid Plastic, Fish Tank Divider, Egg Crate for DIY Filtration and Bottom Protection in Aquascaping (Black-N…
Image: Premium product showcase
Professional-grade 8 pieces 5.9×11.8in (15x30cm) aquarium grid plastic, fish tank divider, egg crate for diy filtration and bottom protection in aquascaping (black-n… combining innovation, quality, and user-friendly design.
Key Features:
- Cutting-edge technology integration
- Streamlined workflow optimization
- Heavy-duty construction for reliability
- Expert technical support available
🔗 View Product Details & Purchase
🛍️ Featured Product 3: 9 Pieces Pet Grooming Loops Nylon Restraint Noose Adjustable Fixed Dog Cat Safety Rope for Pet Grooming Table Bathtub (Black)…
Image: Premium product showcase
Advanced 9 pieces pet grooming loops nylon restraint noose adjustable fixed dog cat safety rope for pet grooming table bathtub (black)… engineered for excellence with proven reliability and outstanding results.
Key Features:
- Cutting-edge technology integration
- Streamlined workflow optimization
- Heavy-duty construction for reliability
- Expert technical support available
🔗 View Product Details & Purchase
💡 Need Help Choosing? Contact our expert team for personalized product recommendations!
