Lerer Ventures is a seed stage venture capital company that is based in New York City. The company is raising a $30 million fund according to a Form D. This is the third fun in the venture capital firm’s history. This fund is higher than Lerer’s second $25 million fund, which they raised in May 2011.
Lerer Ventures was founded by Ken Lerer, the former chairman and co-founder of The Huffington Post. He is the current chairman of Betaworks and Buzzfeed. His son Ben Lerer is known as being the co-founder of Thrillist. Ben is a partner at Lerer Ventures along with former Huffington Post CEO and Softbank partner, Eric Hippeau.
Lerer Ventures has made around 85 investments thus far and a majority of them are New York based. Some of their investments include Pando, Pulse, Warby Parker, Ridejoy, Qwiki, etc. Some of their exits have been GroupMe (sold to Skype for $41 million), DailyBooth (sold to Airbnb), and Hipster (sold to Aol).