Lerer Hippeau raises $150 mln for sixth fund

New York-based early-stage investor Lerer Hippeau has raised $150 million for its sixth fund, according to a regulatory filing. The commitments came from 49 investors, the filing shows. Lerer Hippeau is separately raising a $50 million select fund for follow-on investments in its portfolio, according to a separate filing in December. But no update on that fund is available.

Lerer Hippeau, led by Managing Partners Ken Lerer, Eric Hippeau and Ben Lerer, is an investor in Axios, Casper and Thrive Global, among others.

Last month, Lerer Hippeau agreed to assume the management of the portfolio of San Francisco-based Binary Capital. Binary, which was run by Jonathan Teo and Justin Caldbeck and reportedly shared common LPs with Lerer Hippeau, essentially shut down last summer after women accused Caldbeck of sexual harassment.

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