Lerer Hippeau Closes Two New Funds Totaling $230 Million

Lerer Hippeau Closes Two New Funds Totaling $230 Million ...

Ben Lerer, a co-funding partner, has joined the fund full time after selling Group Nine Media to Vox Media.

Graham Brown has been promoted to Managing Partner, accompanied by several new hires and promotions.

NEW YORK–(BUSINESS WIRE)–September 20, 2022–

Lerer Hippeau, a pioneering early-stage venture capital company based and operated in New York City, has announced today that it has closed $230 million in new capital across two funds: LH Seed VIII, which invests in pre-seed and seed-stage companies, and LH Select IV, which invests in companies from Series A to C.

Ben Lerer, Managing Partner at Lerer Hippeau, has been hired as a full-time partner. He was the founding partner of Group Nine Media until recently, and he currently serves as a board director for Vox.

“New York is a center for entrepreneurship and innovation,” said Eric Hippeau, Managing Partner. “We are proud to have Ben’s full attention over the last several years in the startup environment.”

“Over the past dozen years, we’ve built an unparalleled network of investors and founders,” said Ben Lerer, Managing Partner. “I'm excited to give Lerer Hippeau and our founders my full focus for the remainder of my career while we help them navigate the big moments as they build iconic companies.”

Lerer Hippeau has been a leader in New York's tech scene, investing in over 350 leading enterprise and consumer businesses in all industries since 2010. LH Select IV will allow the team to meet new entrepreneurs at later stages and support the LH Seed fund's breakout investments as they scale.

Graham Brown has been promoted to Managing Partner at Lerer Hippeau since 2015, demonstrating the company's commitment to developing talented individuals internally. He has been an integral part of Lerer Hippeau's growth, including ZenBusiness, WorkJam, Palmetto, K Health, and Delphia.

"Graham's investment and operational acumen has made him an invaluable asset to our fund and our portfolio companies," said Kenneth Lerer, our Managing Partner. "We're very pleased to welcome him as a Managing Partner and look forward to him playing a significant role in shaping our fund's future for many, many years to come."

Tanaz Mody, Lerer Hippeau's first Head of People, has joined the platform team to enhance the company's post-investment support and services for portfolio companies. Ms. Mody previously served as the Chief People Officer at Digital Currency Group's HQ.

Emily Libresco has been promoted to Director of Marketing and Communications at Lerer Hippeau. Sharlene Guiriba has just joined the company as an Associate. Ms. Guiriba was most recently a VC Fellow at Harlem Capital and received her MBA from the University of Chicago Booth School of Business.

Lerer Hippeau's Remarks

Lerer Hippeau is a New York City-based early-stage venture capital firm that was established and operated in 2010. We invest in talented entrepreneurs who are willing to try new things. We've invested in more than 350 major enterprise and consumer businesses including Guideline, MIRROR, K Health, Allbirds, ZenBusiness, Zipline, and Warby Parker.

https://www.businesswire.com/news/home/20220919005710/en/ view the source version of the site.

Emily LibrescoLerer Hippeau@lererhippeau.com

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