Lerer Hippeau Acquisition Corp.

• US
• Lerer Hippeau Acquisition Corp.
• Finance

LHAA

We are a newly formed blank check company, incorporated as a Delaware corporation and created for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with respect to a potential business combination target.

While we may pursue an acquisition opportunity in any business, industry, sector or geographical location, we intend to focus on technology-enabled businesses. We intend to capitalize on our team’s investing and operating experience, as well as our extensive network, to source, diligence, acquire and drive long-term value for an exceptional business. 

Sponsor

Our sponsor is an affiliate of Lerer Hippeau, a venture capital firm based in New York, with approximately $1 billion under management. Lerer Hippeau has managed over 400 portfolio company investments across industry sectors in the United States and Canada, and has been recognized by PitchBook Data, Inc. as the most active local venture capital firm in New York in terms of the number of new company investments during the period from 2010 to 2020.

Since 2010, the team has raised seven funds dedicated to seed stage investments and three funds (Select funds) that provide incremental financial support to Lerer Hippeau’s top performing Seed companies and enable selective new investments in later stage companies in the Lerer Hippeau network. Lerer Hippeau also manages SB Capital and BN Capital, two fund entities with approximately 100 company investments in aggregate, for which the firm serves as replacement general partner. Lerer Hippeau’s platform is built to manage hundreds of companies and with the intention to scale the size of its portfolio significantly in the years ahead.

The firm has a diverse portfolio across the consumer, enterprise software, media, commerce and emerging technology sectors. Lerer Hippeau’s portfolio has included 12 companies that have each achieved valuations in excess of $1 billion, and 28 companies that have each achieved valuations in excess of $400 million. This assessment is based on valuation achieved during each company’s most recent private funding or most recently closed acquisition or as most recently agreed in connection with a merger proposal, as applicable. Many of Lerer Hippeau’s portfolio companies have not raised capital in over a year, and the team would expect a number of them to be priced significantly higher at their current scale. Funds raised by Lerer Hippeau have averaged Top Quartile returns, based on Cambridge Associates private investment benchmarks. The Lerer Hippeau team reviews over 2,000 companies per year and has added 20-25 new investments to its portfolio annually during each of the past three years. 

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Pre-IPO Investors

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