Lerer Ventures Raising $30M Third Fund For Early-Stage Investments

Posted Sep 15, 2012

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).