Lerer Hippeau, a prominent New York venture capital seed fund, has successfully closed its ninth fund at $200 million, surpassing its previous fund's $140 million. This brings the firm's total assets under management to $1.4 billion. Since its founding in 2010, Lerer Hippeau has invested in several notable startups such as Allbirds and Warby Parker. The firm highlights its family-oriented structure, with key partners related to co-founders. This funding adds to the vibrant New York startup scene, following recent significant raises by other local venture firms.