Union Square Ventures Raises $156 Million For 2008

We normally write about Union Square Ventures spending money. This time, they’re raising it.

The Flatiron-based venture capital firm closed its 2008 fund, partner Brad Burnham said on the company’s blog. Total raised: $156 million.

Where will it go? Burnham says to expect “subtle changes” in how they invest this year. They’ll be more selective about the early-stage Web service startups they invest in, and will also invest in later stage companies.

Albert Wenger, who’s worked with the firm for a while, joins Burnham (SA 100 #27) and Fred Wilson (SA 100 #3) as partner.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.