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User:BINK Robin/Draft:Lerer Hippeau

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Lerer Hippeau
FormerlyLerer Ventures
Company typePrivate
IndustryVenture capital
Founded2010; 14 years ago (2010) in New York City, United States
Founders
Headquarters
New York City
,
United States
Key people
Websitewww.lererhippeau.com

Lerer Hippeau is an early-stage venture capital firm based in New York City investing in enterprise and consumer startups.

History

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Lerer Hippeau is an early-stage venture capital firm founded in New York City as Lerer Ventures by Kenneth Lerer and Ben Lerer in 2010.[1][2][3] Eric Hippeau joined the firm as a managing partner in 2011; it was renamed Lerer Hippeau in 2014.[4][5]

In 2017, the company launched a select fund for later-stage investing, which raised US$28 million.[6] It launched two more funds in 2019, totaling US$215 million. In 2022, it launched two additional funds, one for seed investment and one for Series A rounds and other venture rounds, totaling US$230 million.[2] As of 2023, it is investing from its eighth seed fund.[7]

Between 2010 and 2022, Lerer Hippeau invested in more than 400 companies,[2] including Warby Parker, Everlane, Birchbox, and GroupMe.[8][9]

References

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  1. ^ Bergman, Ben (January 2, 2024). "Startup funding has never been more binary, with an extreme divide between haves and have-nots". Business Insider. Retrieved March 21, 2024.
  2. ^ a b c Hall, Christine (September 20, 2022). "Lerer Hippeau closes $230M across two new funds; Ben Lerer is back". TechCrunch. Retrieved March 20, 2024.
  3. ^ Indvik, Lauren (September 24, 2013). "Thrillist: From a Simple Newsletter to $80 Million in Revenue". Mashable. Retrieved March 20, 2024.
  4. ^ "Eric Hippeau". Bloomberg. Retrieved March 21, 2024.
  5. ^ "The Daily Startup: Lerer Hippeau Ventures Has New Name, New Fund". The Wall Street Journal. June 25, 2014. Retrieved March 21, 2024.
  6. ^ Ha, Anthony (June 9, 2017). "Lerer Hippeau Ventures raises $28M fund for follow-on investments". TechCrunch. Retrieved March 21, 2024.
  7. ^ Bort, Julie; Rao, Leena; Barr, Alistair; Melton, Monica; Persaud, Vishal (June 30, 2023). "Seed 75: The best seed VC firms for founders looking to raise money in 2023". Business Insider. Retrieved March 24, 2024.
  8. ^ McMahan, Ty (May 26, 2011). "Lerer Ventures Collects $25M In A New York Minute". The Wall Street Journal. Retrieved March 21, 2024.
  9. ^ Williams, Alex (October 1, 2015). "JackThreads Offers E-Clothes for Guys and Bros". The New York Times. Retrieved March 20, 2024.