More good news for New York startups: Lerer Hippeau raised another $200M

In Brief New York’s A-list venture capital seed fund, Lerer Hippeau, announced on Wednesday that it closed a ninth $200 million fund. That’s a step up from its eighth fund, which closed at $140 million, it said. With the new fund, Lerer Hippeau has $1.4 billion of assets under management. Since its inception in 2010, Lerer Hippeau has backed a string of well-known startups that went public or were acquired, many of them from New York. The list includes Allbirds, Axios, Birchbox, Brit + Co, Casper, Namely, Zipline, and Warby Parker, it says. The firm has also become a family affair, with Andrea Hippeau working as a partner — she’s the daughter of co-founder and managing partner, Eric Hippeau. The firm’s managing partner, Ben Lerer, is son to co-founder (now managing partner emeritus) Ken Lerer. Earlier this year, New York powerhouse VC Insight Partners raised a fresh $12.5 billion, too. In August 2024, Thrive Capital raised $5 billion. While these firms don’t limit themselves to the ... Read full article.