HQ: Brooklyn, NY
Founders: Ruth Ku and Jason Richelson
The problem: Today, SMBs must diversify their revenue streams to be where their customers shop. A typical multi-channel approach includes e-commerce sales online, point of sale systems within retail, and delivery orders through platforms like Uber Eats and Doordash. While front-end sales software has proliferated, back-end accounting tools have not kept up with the pace of innovation. SMBs are left sorting through multiple streams of data, relying on manual reconciliation by accountants and bookkeepers to avoid inaccurate financial statements or costly errors.
HQ: Orem, Utah
Founder: Ryan Smith
The problem: To Americans living in large cities and suburbs, access to recycling programs may seem like a standard municipal service. However, 38% of U.S. households do not have access to recycling services in their community. In rural or less densely populated areas of the country, trips to the recycling center may require an hour drive — or longer. Limited access to recycling infrastructure often leaves Americans without the tools they need to meet their sustainability goals and fight climate change.
Recyclops solution: Recyclops offers…
HQ: Austin, Texas
Founder: Nick Barbara , Leanne Sherred, Spencer Magloff, Ryan Hinojosa
The problem: Today, 40 million Americans have a communications disorder, from lisps and speech delay to stutters and aphasia. More than half go without access to treatment, either due to cost or accessibility. For children, the most common way to access speech therapy services is through the public school system. But, students may not have access to the specific care they need, may not qualify for therapy through their school, and may not be able to afford supplemental…
In this series, we dive into technologies and industries we’re excited about, going deep into their change drivers and stakeholders while exploring investment trends and opportunities through an early-stage lens.
By: Meagan Loyst, Analyst
Sector: The future of pet tech
In a sentence: The future of pet tech refers to a series of trends and advancements that are driving pet adoption, spending habits, and interest in the care and wellbeing of our furry friends.
HQ: New York City
Founders: Jesse Solomon and Alex Rabens
The problem: International manufacturers are a critical part of the global supply chain. To produce finished consumer products, international manufacturers need to purchase commodities and raw materials like lumber. Many of those raw materials are produced in the United States. Today, there is no technology to empower a supplier in the U.S. — a lumber producer in Oregon, for example — to sell its raw materials directly to an international manufacturer in Asia. Instead, raw materials suppliers are left navigating an…
We’re looking for a full-time Associate or Senior Associate to join our investment team. Our Associates play a central role at Lerer Hippeau, where they source and research new opportunities, diligence companies, and support our current portfolio companies. At Lerer Hippeau, we’re an inclusive and flat organization. We have a strong track record of promoting from within and helping those on our team grow in their roles at our firm. We’re excited to kick off this search.
Lerer Hippeau is the most active early-stage venture capital fund in New York. The firm has more than 250 active portfolio companies with…
HQ: Los Angeles
Founder: Jacklyn Rome
The problem: Money is the #1 cause of arguments between divorced co-parents. For the 50 million divorced co-parents in the U.S. working to raise their children together, dividing up finances is frustrating, litigious, and often inequitable. Only food, shelter, and clothing (just 53% of a child’s expenses) are covered under child support. The rest, expenses like athletic equipment or school supplies, are a negotiation. For the parents that pay these bills upfront — often women — being repaid can be a challenge. …
HQ: Scottsdale Arizona
Founders: Michael Bookout, Chris Scheid
The problem: Hundreds of thousands of SMBs in the U.S. ship freight by semi-truck, but many don’t have enough volume to fill an entire load for a carrier. These shipping orders are known as less-than-truckload, or LTL, and are aggregated together in order to fill a single trailer. Using a manual patchwork of emails, spreadsheets, phone calls, and third party brokers, shippers are forced to navigate a complex and opaque network to get their freight delivered. …
Founder: Aaron Dignan
The problem: As small teams grow (and big ones work to break bad habits), they soon realize they need to formalize and write down best practices around communication, workflow, and so much more. Teams of all sizes are leaning on cloud-based collaboration tools more heavily than ever with the shift to remote work. While many solutions exist to help facilitate the actual work, such as design or development, companies have not had a tool to support how those teams work together at a higher level.
HQ: New York
Cofounders: Mike Dorfman and Ian White
The problem: The $800 billion trucking industry is core to the U.S. economy as the movement of goods and supplies gets us what we need, when we need it. Underlying it is trucking insurance, which hasn’t kept up with the sector’s broader digital transformation. With consistent losses, insufficient underwriting, wait times and costly expenses, insurance can prove a headache for even the safest fleets, brokers, and truckers.
Koffie’s solution: Koffie is a digital insurer that offers the best insurance rates to trucking…
Lerer Hippeau is an early-stage venture capital fund based in New York City. As founders and operators ourselves, we see returns in relationships.