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Lerer Hippeau closes two new funds totalling $230m

Lerer Hippeau, an early-stage venture capital based in New York City, has raised $230 million in new capital across two funds: LH Seed VIII, which focuses on pre-seed and seed-stage companies, and LH Select IV, which invests in companies from Series A to C. 

With these new funds, Lerer Hippeau has also expanded the team with a series of promotions and new hires.

Additionally, Managing Partner Ben Lerer has joined Lerer Hippeau in a full-time capacity. He co-founded the fund in 2010 with Kenneth Lerer, and until recently he was also founder and CEO of Group Nine Media. He sold Group Nine to Vox Media earlier this year and now serves as a board director for Vox.

Since 2010, Lerer Hippeau has invested in over 350 enterprise and consumer companies across all sectors. The fund will deploy LH Seed VIII into pre-seed and seed-stage companies, in and out of New York. LH Select IV will allow the team to meet new founders at later stages and support the LH Seed fund’s breakout investments as they scale. With both funds, the team will back good people with great ideas who aren’t afraid to do hard things.

In addition, Lerer Hippeau has promoted Graham Brown to Managing Partner. Brown has been promoted through the ranks having first joined Lerer Hippeau in 2015 as a Senior Associate.

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