Lerer Hippeau
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| Industry | Venture Capital |
|---|---|
| Founders | Ken Lerer, Ben Lerer, Eric Hippeau |
| Headquarters | New York, NY |
| Website | www |
Lerer Hippeau is an early-stage venture capital firm based in New York City and investing in enterprise and consumer startups.
The firm makes early-stage investments across all sectors via its funds which together manage $1.2 billion in assets.[1]
History
Lerer Hippeau was founded in 2010 by Kenneth Lerer and Ben Lerer as Lerer Ventures.
In 2011, Eric Hippeau, the former CEO of the Huffington Post, joined the firm as a managing partner.[2] Lerer Ventures officially changed its name to Lerer Hippeau in 2014, one month before the launch of the firm’s fourth fund.[3]
Since its founding, Lerer Hippeau has invested in more than 400 enterprise and consumer companies.[4] As of late 2019, it was the most active venture capital firm based in New York. Of its investments, the firm has backed more than 287 companies based in New York, making it also the most active firm making deals in the New York area.[5] It has been regarded as a catalyst and leader in the Metropolitan area’s burgeoning tech sector.[6]
As of 2018, Lerer Hippeau had invested in the most female-founded startups in New York, including LOLA, Glossier, Dia&Co, Birchbox, and Wayup.[7]
Funds
The firm is currently investing out of its 8th Seed fund and 4th Select fund. [8] The earliest Seed funds comprised a combination of enterprise and consumer companies, including Warby Parker, Allbirds, Glossier, Everlane, Oscar, Venmo, MakerBot, and Casper.
In June 2017, the firm announced its first Select fund, LHV Select, aimed at later-stage investments.[9]
In September 2022, the firm announced $230 million in new capital for two funds, LH Seed VIII and LH Select IV. The firm’s previous funds LH Seed VII and LH Select V totaled $215 million.[10]
The firm’s Select fund invests in companies from Series A to Series C across all sectors.
References
- ↑ "S-1". www.sec.gov. Retrieved 2023-12-21.
- ↑ McMahan, Ty (2011-05-26). "Lerer Ventures Collects $25M In A New York Minute". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-12-21.
- ↑ "The Daily Startup: Lerer Hippeau Ventures Has New Name, New Fund". Wall Street Journal. 2014-06-25. ISSN 0099-9660. Retrieved 2023-12-21.
- ↑ Hall, Christine (2022-09-20). "Lerer Hippeau closes $230M across two new funds; Ben Lerer is back". TechCrunch. Retrieved 2023-12-21.
- ↑ "VC in NYC: The investors and deals shaping the city's startup scene | PitchBook".
- ↑ "Inside the Mind of a NYC VC: Graham Brown of Lerer Hippeau". AlleyWatch. Retrieved 2023-12-21.
- ↑ Gross, Elana Lyn. "How This Female Venture Capitalist Makes Her Investment Decisions". Forbes. Retrieved 2023-12-21.
- ↑ Hippeau, Lerer (September 20, 2022). "Announcing Lerer Hippeau's New Funds; Ben Lerer Joins LH Full Time, Graham Brown Promoted to…".
- ↑ Ha, Anthony (2017-06-09). "Lerer Hippeau Ventures raises $28M fund for follow-on investments". TechCrunch. Retrieved 2023-12-21.
- ↑ Hall, Christine (September 20, 2022). "Lerer Hippeau closes $230M across two new funds; Ben Lerer is back".
External links
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