News Summary

Lerer Hippeau, a prominent venture capital firm based in New York, has filed to raise its ninth fund, as revealed by a recent SEC filing. Known for its significant influence in the startup ecosystem, Lerer Hippeau manages over $1.2 billion in assets and has invested in more than 400 companies, including Allbirds, Warby Parker, and Casper. The firm previously closed Select Fund IV at $85.9 million and Fund VIII at $143 million, focusing on Series A to C, pre-seed, and seed-stage companies respectively.