October 29, 2012
Lerer Ventures, a seed company investment in 2010 in New York, which is owned by father and son, Kenneth and Ben Lerer, has managed to raise its biggest funding so far. It is the third round of funding until now.
Along with their other co-founders, Steve Schlafman, Eric Hippeau and Jordan Cooper, the Lerer men will offer the raised money mostly in New York early sage firms.
Being a very active investor in the past couple of years, the Lerer company offered funds for about 70 firms since its latter fund raised in spring.
Even though Lerer Ventures focuses on the New York market, it also beginning to make a name for itself in the West coast also. This is mainly due to the good relations with SV Angel investment fund.
Both father and son offers different business experiences to the acquired company. This made them gain much popularity among the early stage firms.
The Lerers declared that they are very passionate about this work and when they acquire a company, besides just promising to deliver, they actually keep their promises. This we consider to be a strong point for both father and son.
Lerer Ventures raised a total of $ 33 million since 2010 since it was raised. The first round was of $ 8 million at the beginning of the company, and the other $ 25 million in May last year.