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More good news for New York startups: Lerer Hippeau raised another $200M
Lerer Hippeau, a prominent venture capital seed fund, has announced the closure of its ninth fund, totaling $200 million. This is a significant increase from its previous eighth fund, which closed at $140 million.
This substantial injection of capital brings the firm’s assets under management to an impressive $1.4 billion. It is worth noting that Lerer Hippeau has been instrumental in backing numerous successful startups, many of which have gone on to become publicly traded companies or were acquired by other firms. Notable portfolio companies include Allbirds, Axios, Birchbox, Brit + Co, Casper, Namely, Zipline, and Warby Parker.
In addition to its impressive track record, the firm has also developed a family-oriented approach, with Andrea Hippeau serving as a partner alongside her father Eric Hippeau, who is the co-founder and managing partner. Similarly, Ben Lerer works as a managing partner, following in his father Ken Lerer’s footsteps, who now serves as managing partner emeritus.
It is also noteworthy that other prominent venture capital firms, such as Insight Partners and Thrive Capital, have recently raised significant funds. Earlier this year, Insight Partners closed a $12.5 billion fund, while Thrive Capital raised an impressive $5 billion in August 2024.
Source: https://techcrunch.com/2025/04/09/more-good-news-for-new-york-startups-lerer-hippeau-raised-another-200m/
