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.