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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 Nigeria and Energy & Utilities.
Union Square Ventures is a venture capital firm based in New York City. It is a small, collegial partnership that operates as a generalist investor and focuses on transformative opportunities across many sectors and technologies. The firm is headquartered in New York City and invests at the edge of large markets being reshaped by technological and societal pressures. In Africa, Union Square Ventures has participated in several early stage funding rounds, primarily at the Series A stage, with activity recorded between April 2022 and August 2023. Over this period the firm invested in three funding rounds totaling 30.2 million dollars, including Series A and other venture rounds. Its investments in Egypt and Nigeria highlight a geographic focus on African markets that are adopting innovative technology to reshape key sectors. These include backing Shift EV in Egypt, which converts commercial fleets to electric, and Odyssey Energy Solutions in Nigeria, which helps finance, procure, and manage distributed renewable energy projects. These deals reflect a sector interest in travel and mobility, as well as energy and utilities. Union Square Ventures’ African investments align with its broader focus on energy and climate related opportunities and technology enabled services. By supporting companies such as Shift EV and Odyssey Energy Solutions, the firm contributes to the growth of climate focused and infrastructure oriented businesses in emerging markets, consistent with its global investment themes around energy, climate, and transformative internet enabled services.
Data updated · Jul 29, 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).
Union Square Ventures's tracked rounds are concentrated in Nigeria (3).
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. It is a small, collegial partnership that invests across many sectors and technologies with a focus on transformative market opportunities.
Union Square Ventures has backed Shift EV in Egypt and Odyssey Energy Solutions in Nigeria in its African portfolio. These investments occurred across three funding rounds between April 2022 and August 2023, including Series A and other venture rounds.
