Lerer Hippeau closes $230M across two new funds; Ben Lerer is back

Iconic New York venture capital firm Lerer Hippeau announced $230 million in additional funding across two new 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.
The new funds come about two years following unannounced sixth seed and third Select funds, the firm said. Those totaled $215 million. The firm intends to make about 40 to 45 investments in the seed fund and then stick follow-on rounds to a mix of companies in its portfolio. Lerer Hippeau has invested in 400 portfolio companies since it was founded

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