Lerer Hippeau Ventures Raises Additional $62M

Lerer Hippeau Ventures, an investment firm that has backed Buzzfeed, Chartbeat, and other web-based companies, has raised an additional $62 million. In its fourth funding round, the investment firm drew in money that exceeded its original $50 million funding goal. The company has backed at least 200 ventures.

The firm has now raised upwards of $130 million, most of which is being used to back other companies.