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New York-based venture capital firm Lerer Hippeau has successfully raised $200 million for its ninth flagship fund, reflecting the city's evolution into a major tech hub. This growth is marked by a shift from a focus on consumer and media technologies to advancements in AI and cloud infrastructure, with NYC now housing over 40,000 AI professionals and attracting $27 billion in AI funding since 2019. Despite a challenging fundraising environment, Lerer Hippeau's ability to raise larger funds signals the maturation of NYC's venture ecosystem, which has developed into a robust market for early-stage investments.
Ben Lerer
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Lerer Hippeau raises 200 million dollars for ninth flagship fund
08:10 10.04.2025
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