New York-based venture capital firm Lerer Hippeau has filed to raise its ninth fund, according to a recent SEC filing. The firm, founded in 2010, has established itself as one of the most prolific A-list VC firms in the city, with over $1.2 billion in assets under management and a portfolio of more than 400 companies.

The SEC filing did not disclose a target raise amount for the new fund. Lerer Hippeau did not immediately respond to requests for comment on the filing. Despite the lack of information on the target amount, the move is seen as a significant expansion of the firm's investment capabilities.

Lerer Hippeau has invested in a diverse range of companies, including well-known brands such as Allbirds, Warby Parker, Casper, and Kayio. The firm's investment strategy has focused on supporting companies across various stages, from pre-seed and seed-stage startups to Series A to C companies. This approach has allowed Lerer Hippeau to build a robust portfolio of companies across multiple industries.

Last year, the firm announced the close of two new funds: Select Fund IV, which raised $85.9 million to back companies from Series A to C, and Fund VIII, which secured $143 million to focus on pre-seed and seed-stage companies. The filing for the ninth fund suggests that Lerer Hippeau is continuing to expand its investment capabilities, further solidifying its position as a leading VC firm in New York.

The move is likely to have significant implications for the startup ecosystem in New York and beyond. With its increased investment capabilities, Lerer Hippeau will be able to support more companies, providing them with the necessary capital to grow and scale. This, in turn, could lead to the creation of new jobs, innovation, and economic growth in the region.

As the venture capital landscape continues to evolve, Lerer Hippeau's decision to raise its ninth fund demonstrates the firm's commitment to supporting entrepreneurs and startups. The move is a testament to the firm's reputation as a leading investor in the tech industry, and its ability to adapt to changing market conditions.

With the filing of its ninth fund, Lerer Hippeau is poised to continue its growth trajectory, further establishing itself as a dominant player in the venture capital space. As the firm looks to the future, it will be interesting to see how it deploys its new fund, and the impact it will have on the startup ecosystem.