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Lerer Hippeau files to a raise Fund IX
In a shocking move, Lerer Hippeau, one of New York’s most prominent venture capital firms, has filed to raise its ninth fund. This significant development comes as no surprise, given the firm’s impressive track record in backing innovative startups.
According to an SEC filing made on Wednesday, the exact target amount for this new fund remains undisclosed. However, we can confirm that Lerer Hippeau did not immediately respond to our request for comment, leaving us eagerly anticipating more information on their plans.
Lerer Hippeau’s remarkable journey began in 2010, and since then, they have grown to become a force to be reckoned with in the startup ecosystem. With over $1.2 billion in assets under management, as reported by Pitchbook, the firm has made significant investments across various sectors, including but not limited to footwear maker Allbirds, eyewear maker Warby Parker, social media platform Pie, gifting platform On Me, mattress company Casper, and online furniture marketplace Kayio.
It’s worth noting that last year saw the close of two new funds: Select Fund IV for $85.9 million, which was intended to support companies from Series A to C, as well as Fund VIII for $143 million, focusing on pre-seed and seed-stage companies.
In conclusion, we’ll be keeping a watchful eye out for further updates on this story as more information becomes available.
Source: techcrunch.com
