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Lerer Hippeau announces it raised $200 million for its ninth fund, looking to deploy its cash pile at a volatile time for financial markets. The firm has invested in Casper, Warber Parky, Oscar, and Buzzfeed, among many others. Lerer Hippeau partner Ben Lerer discusses: https://t.co/mh2CEA8TCn
Today we closed our latest seed fund, LH Fund IX, which came in above target at $200M. The raise also marks 15 years of Lerer Hippeau. The next several years will be transformative, and we couldn’t be more excited to continue working with founders as they build their businesses. https://t.co/PYITvktmW7
Big milestone at @IndicatorVC: a single $750K seed check just returned more than our entire 2018 fund (34x) via secondary—and we’re still holding meaningful upside. In a tough liquidity market, this is a huge win for us and our LPs. Grateful to the founders who made it happen!
Lerer Hippeau has successfully closed its ninth seed fund, LH Fund IX, raising $200 million, surpassing its previous fund's total of $140 million. This new fund will focus on pre-seed and seed-stage investments, continuing the firm’s commitment to supporting early-stage companies. The announcement coincides with the firm celebrating 15 years in operation. Notably, Lerer Hippeau has previously invested in companies such as Casper, Warber Parky, Oscar, and Buzzfeed. In another development, Indicator VC reported a successful return on a $750,000 seed investment, achieving a 34x return through secondary sales, highlighting the potential for lucrative outcomes in the current venture capital landscape.
