A New Chapter for a Leading VC Firm

In the bustling world of venture capital, Lerer Hippeau stands out as a key player, especially in New York’s vibrant tech scene. Recently, the firm filed to raise its ninth fund, as indicated by a recent SEC filing. While the target amount remains unspecified, the move marks another significant step in the firm’s impressive journey.

Legacy of Investment

Established in 2010, Lerer Hippeau has accumulated over $1.2 billion in assets under management, as reported by PitchBook. Their investment portfolio boasts over 400 companies, including household names like Allbirds and Warby Parker. The firm has also ventured into diverse sectors with investments in companies like Pie, a social media platform; On Me, a gifting platform; Casper, a mattress innovator; and Kaiyo, an online furniture marketplace.

Recent Fundraising Successes

• Select Fund IV: Closed at $85.9 million to support Series A to C companies.
• Fund VIII: Amassed $143 million primarily for pre-seed and seed-stage ventures.

“Lerer Hippeau’s strategic investments continue to shape the landscape of innovative startups,” noted one industry expert.

{Expert Source}

As Lerer Hippeau embarks on this new fundraising endeavor, it solidifies its position as a catalyst for innovation and growth within the startup ecosystem. Stay tuned to see which groundbreaking startups will join their illustrious portfolio.