Lerer Hippeau Secures $200 Million for Ninth Fund Boosting Total Assets to $1.4 Billion

Lerer Hippeau, a leading venture capital seed fund in New York, has officially closed its ninth fund. They did it through an extremely impressive $200 million! This first-of-its-kind milestone was the catalyst for the firm’s long-term assets under management to now total an impressive $1.4 billion. Lerer Hippeau was established in 2010. Since then, it’s made a tremendous impact on the overall legacy and practice of venture capital, as well as in nurturing the New York startup ecosystem.

Ben Lerer is the co-founder and managing partner of Lerer Hippeau. His father, Ken Lerer, co-founded the firm and is currently listed as managing partner emeritus. It’s no wonder that the firm has Andrea Hippeau at the helm. She and Eric Hippeau, who is a co-founder and partner, both put extraordinary insights into the ecosystem. Notably, Andrea is Eric’s daughter, highlighting a family legacy intertwined with the firm’s leadership.

The new fund is a jump from Lerer Hippeau’s eighth fund, which closed at $140 million. This increasing trend is both a testimony to investor confidence as well as the firm’s continued dedication to establishing and nurturing disruptive startups. Lerer Hippeau has built up a tremendous brand for itself, thanks to backing a wide variety of well-known, successful companies. Some of their more recognizable investments include Allbirds, Axios, Birchbox, Brit + Co, Casper, Namely, Zipline and Warby Parker.

Lerer Hippeau has deep and historic connections within the New York startup community. It doesn’t end there—the firm is a major investor in startups all over Silicon Valley and the country. This targeted strategy enables the firm to access a wide range of national markets and foster a broad spectrum of entrepreneurial activities.

The venture capital landscape is still changing though, and Lerer Hippeau’s $200 million fourth fund puts it in a strong position to invest in the startup economy going forward. By focusing on the intersection of local and national startups, the firm is consistently committed to advancing innovation throughout all industries.