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Lerer Hippeau files to raise Fund IX
Lerer Hippeau, one of New York’s most prolific A-list VC firms, has filed to raise its ninth fund, according to an SEC filing made Wednesday. Unfortunately, there is no target raise amount disclosed in the filing.
The firm, founded in 2010, has more than $1.2 billion in assets under management, as reported by Pitchbook, and has invested in over 400 companies, including notable portfolio companies such as footwear maker Allbirds, eyewear maker Warby Parker, social media platform Pie, gifting platform On Me, mattress company Casper, and the online furniture marketplace Kayio.
In a significant move last year, the firm announced the close of two new funds: Select Fund IV for $85.9 million, which will be used to back companies from Series A to C, and Fund VIII for $143 million, which will focus on pre-seed and seed-stage companies.
The company’s latest filing brings attention to its continued commitment to investing in a wide range of sectors and stages, highlighting the firm’s adaptability and growth potential.
Source: techcrunch.com
