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Since 2023, Union Square Ventures has backed 1 African startup across 3 disclosed funding rounds totaling $41.3M, most heavily in Energy & Utilities.
Union Square Ventures is a venture capital firm based in New York City, United States, and operates as a small, collegial partnership focused on backing internet and technology-enabled businesses. The firm invests globally and maintains a concentrated portfolio approach, emphasizing long term partnerships with founders. In Africa, Union Square Ventures has been active in energy and utilities, particularly through its investments in Odyssey Energy Solutions, a platform that helps finance, procure, and manage distributed renewable energy projects. Between May 2023 and December 2024, the firm participated in three funding rounds for Odyssey Energy Solutions, all in Nigeria, with a total of 41.3 million dollars invested. These rounds included two Series A financings and one venture round where the stage was not specified, showing Union Square Ventures’ appetite for early growth stage companies in the region’s clean energy sector. Across these transactions, Union Square Ventures has co invested alongside firms such as Equal Ventures, Founder Collective, Twelve Below, Abstract Ventures, Climate Venture Capital, Transition VC, Equator VC, MCJ, Climate Capital, Equator, Transition, and MCJ Collective. This pattern highlights Union Square Ventures’ collaborative approach and its role in broader investment syndicates that support the expansion of distributed renewable energy infrastructure in Nigeria.
Data updated · Sep 4, 2026
Union Square Ventures has backed 1 African startup across 3 disclosed funding rounds tracked on Liners, totaling $41.3M since 2023.
Mostly Series A: 2 of its 3 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Companies Union Square Ventures has backed operate in Kenya (3), Mozambique (3), Nigeria (3), and 1 more market. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Energy & Utilities (3).
Union Square Ventures most often shares rounds with Equal Ventures (3 shared deals), Founder Collective (2 shared deals), Twelve Below (2 shared deals).
Union Square Ventures is a venture capital firm based in New York City that invests in internet and technology-enabled businesses. It operates as a small partnership and takes a concentrated, long term approach to backing founders.
Within Africa, Union Square Ventures is recorded as backing Odyssey Energy Solutions, which provides tools to finance, procure, and manage distributed renewable energy. These investments were made through three funding rounds in Nigeria between May 2023 and December 2024.