A year and a half ago Ken Lerer and his son Ben decided to shift from simply angel investing to raise a formal venture fund. That clocked in at $8.5 million, based on Ken’s connections in the media world and Ben’s access to the young tech scene.
Today Lerer Ventures announced their second round, which at $25 million is roughly three times the size of their inaugural raise. Eric Hippeau, who announced he was coming to Lerer the same week AOL bought HuffPo, will be in charge of the fund.
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