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New York ’s A - list venture capital ejaculate investment firm , Lerer Hippeau , announcedon Wednesday that it closed a 9th $ 200 million fund . That ’s a step up from its eighth fund , which closed at $ 140 million , it state . With the newfangled 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 startup that went public or were acquired , many of them from New York . The leaning includes Allbirds , Axios , Birchbox , Brit + Co , Casper , Namely , Zipline , and Warby Parker , it allege .
The firm has also become a family liaison , with Andrea Hippeau make for as a partner — she ’s the daughter of co - beginner and handle partner , Eric Hippeau . The business firm ’s managing partner , Ben Lerer , is son to co - founding father ( now managing partner emeritus ) Ken Lerer .
Earlier this year , New York powerhouseVC Insight Partners raised a fresh $ 12.5 billion , too . In August 2024 , Thrive Capital raise $ 5 billion . While these firm do n’t confine themselves to the New York ecosystem ( they all back Silicon Valley companies , and those locate elsewhere , too ) , their deep pocket certainly bolster up the New York ecosystem .
