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Today, we’re excited to announce that Lerer Hippeau has closed $200M in new capital for our ninth seed fund. We’ll invest LH Fund IX in pre-seed and seed-stage companies. This fund represents an increase from LH Fund VIII’s $140M, and a continued commitment to supporting the next generation of founders while maintaining focus in approach. This fund also includes several dozen LH portfolio founders as limited partners – a fact we’re really proud of as we think it best exemplifies what this community means to the people who comprise it.
With this raise, LH is also celebrating 15 years of supporting early stage founders by serving as their first and most aligned institutional partner. We feel lucky to be doing this work and are honored that founders continue to choose us as their partners.
Ben Lerer shouts out hospitality portco Magic as a company that could have built in SF, but wanted to be in NY for the food, culture, and hustle.
Magic demo'd earlier this year at our NYC AI Demos!
🗣️ "I love New Yorkers so much more than non-New Yorkers." - @BenjLerer
“San Francisco is a one-note town. If you go to a dinner party in SF you will want to kill yourself.” - @BenjLerer (@LererHippeau) talking up NYC with @juliepsamuels at the @CrainsNewYork Tech Summit.
(Told you there'd be spicy takes.)
Please welcome ShareWillow, our latest announced investment. @share_willow is the AI platform that helps home service businesses manage incentives and structure competitive payments plans.
Last week, we convened our early stage founders and several of our largest LPs for our LH Founders Retreat at The Ritz-Carlton, Dove Mountain for several days of networking, strategizing on company building, and big fun. 🌵
We constructed this event as a "tune up" - an opportunity for our hard-charging founders to take a deep breath, get some time outside with likeminded builders, and recenter before delving back into the craziest market any of us has ever seen.
We hiked, mountain biked, played paddle sports, rode horses, hit golf balls, shot guns at targets, conquered water slides, stargazed, met some creepy, crawly "desert friends," and enjoyed gorgeous sunsets with exceptional company. 🐍 🦎
Thanks again to our friends at @FidelityPrivate, @FirstCitznInnov, @BDO_USA, and @lathamwatkins for helping to make this event possible.
🤖 Made with AI
LH Partner @isabellevop spoke with @TechNYC about her front-row seat to the New York tech ecosystem's growth over her years as an investor and operator.
Isabelle covered the following, among other topics:
- Why some of the biggest companies of the next 5 years will look more like services businesses than software companies
- How AI enables small teams to deliver full business outcomes, not just sell tools
- How NYC’s density of enterprise buyers creates an unfair advantage for startups
- And, what sets non-consensus founders apart in pitches
Read the full interview via link in comments.
Read more: blog.technyc.org/news/vc-spo…
LH portfolio company @airHQ’s CEO re the state of SaaS
Lerer Hippeau retweeted
“We’re spending a ton of capex ahead of prudent revenues - and financing is getting more leveraged, more creative.”
@LererHippeau managing partner Eric Hippeau on the AI build-out amid financing concerns:
cnbc.com/video/2026/10/16/le…
LH portfolio company @trylava activating at SF Tech Week
NY was a success. Next step SF @Techweek_ 🌁 Come get your first AI teammate working on the apps you already use with @trylava. Wed Oct 7, 6PM PT. Free, link in comments.
Please welcome Brodie Sports Group, our latest investment. @brodierec is the largest recreational basketball league in North America, offering more than 100,000 athletes and fans a chance to escape their screens and compete recreationally in 35 cities.
Congratulations to LH portfolio company @usefootprint on raising their $25M Series B 🎉
Today I'm excited to share that @usefootprint has raised a $25M Series B, bringing our total funding to $45M.
Financial institutions are in an arms race with cartels and oligarchs.
The movement of illicit money globally has grown by $1.3 trillion since 2023, now sitting at $4.4 trillion. And bad actors have taken full advantage of AI’s capabilities: generating fake identities and shell companies faster than any team can manually review.
Yet, the work to combat financial crimes is still being done the old way - risk teams sifting through spreadsheets, PDFs, and disconnected tools one case at a time.
AI lets us reimagine this sector.
We're solving for this at @usefootprint by focusing on two things: time and memory.
→ Time: Percy runs your compliance program end-to-end in 1/10th the time, so your institution has extra eyes on every case, and your human analysts dedicate their time to the ones that truly matter.
→ Memory: Trust Fabric makes sure the grey area is removed and learnings are universal so your team (whether 5 or 500 people) catches more true positives and identifies fraud rings before they form.
With this raise, we're doubling down on the thesis that risk operations will be re-envisioned for the AI-native era. As AI increases financial crime in the global economy, we're building the defense system that can expand to meet and defeat it.
We're honored @QEDInvestors doubled down on their conviction, leading our Series B two years after leading our Series A. The same goes for those who have invested since day one: @lererhippeau, @indexventures, @BoxGroup, Operator Partners, Definition, and @animalcapitalco. And for new investors @am_mufg_jp, @commercevc, @lightbank, and @alumniventures.
To the Footprint team: this company would be nowhere without your belief in building a digital world full of trust. I thank you from the bottom of my heart for being on this journey with us.
To our customers: thank you for trusting us with your most important decisions. Your partnership is helping us build a better future for financial crime compliance.
Full story on our blog: onefootprint.com/learn/serie…
Lerer Hippeau retweeted
We are LIVE in 1 hour!
Today on TWiST, we're joined by @BenjLerer, Managing Partner of @LererHippeau.
After 15 years of seed investing, he's done chasing "good" businesses and only swings that break the power law count now.
Tune in!
Please welcome Type, our latest investment. @typedotcom is a shared multiplayer workspace platform that enables teams to compound the best work their AI produces and build fluid and continuous workstreams.
































