We hit the ground running in 2018, unveiling a rebrand and welcoming new companies to our portfolio, including Vangst, Wondery, Foxtrot, and Casa, to name a few. We also added a new executive-in-residence, former Buzzfeed President Greg Coleman. We’ve seen tons of companies this year and look forward to connecting with many more founders in the months ahead. Building on all this momentum, we have a couple exciting announcements to share.
Here’s what’s new at Lerer Hippeau.
We raised two new funds
Since 2010, we’ve focused on identifying, backing, and helping entrepreneurs build category-defining companies, teams, and brands. Now, we’re excited to do so with two new funds. Lerer Hippeau VI ($122M), which we’ll deploy via seed stage investments, and Select II ($60M), designed for Series A rounds and later, allowing us to write follow on checks for our current companies and participate in fundraising for new ones.
We expanded our platform team
We brought on former Work-Bench community and talent leader Stephanie Manning as our Director of Platform a year ago to think strategically about how to build out our post-investment support and services to our portfolio companies.
Our first addition to the platform team was Natalie Sportelli, previously an editor at Forbes, back in November to lead our content and brand strategy and advise our companies on their messaging, content, and communications. This week, we added Amanda Mulay, formerly a talent partner at Andreessen Horowitz, to manage our TalentTracker and connect our portfolio companies with top-tier talent to fill their open roles.
We grew our investment team
Today, we’re excited to welcome Caitlin Strandberg, who joins from FirstMark Capital, as a Principal on our investment team. She’ll be focusing on sourcing new seed stage investments, due diligence, and supporting our platform. In the coming months, Isabelle Phelps, our investment intern from last summer, will join us as an Associate. She’s currently finishing her MBA at MIT Sloan.
We invest early, so it’s never too soon for our team to look at a company. If you know a founder we should meet, feel free to send her or him our way: firstname.lastname@example.org.
Further reading: Lerer Hippeau raises a new $122M fund, plus $60M for follow-on investments via TechCrunch