Hyde Park Venture Partners Closes $65M Fund to Fuel High Tech Growth Across the Midwest

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Midwest-based Venture Capital Firm Triples Assets Under Management

Team Photo: Hyde Park Venture Partners

Team Photo: Hyde Park Venture Partners

Hyde Park Venture Partners Closes $65M Fund to Fuel High Tech Growth across the Midwest

Hyde Park Venture Partners (HPVP) today announced the successful close of its second venture fund. The early stage venture capital firm closed $65 million in funding, exceeding its fundraising goal of $60M.

Founded in 2011, the Chicago-based venture firm is nearing its 5th anniversary of partnering with the Midwest's most talented tech entrepreneurs. With its debut fund of $25M, HPVP invested in several emerging technology leaders including Base CRM, G2 Crowd, Geofeedia, FourKites, FarmLogs, and Zipnosis.

The notable progress of HPVP’s first fund has demonstrated surging momentum and acceleration. In the last year alone, seven of the firm’s portfolio companies have raised follow-on financing rounds accumulating over $160M of raised capital.

The team is prepared to capitalize on the explosion of startup activity in the Midwest with its second fund by scaling its investment and platform capacity. In March 2015, HPVP welcomed Tim Kopp, the former CMO of ExactTarget, as its third partner. In conjunction with Kopp joining the partnership, HPVP opened its second office in Indianapolis. In June, 2016, Jackie DiMonte joined Hyde Park Venture Partners to round out the investment team of Guy Turner, Ira Weiss, Tim Kopp, and Greg Barnes.

Through HPVP's emphasis on go-to market strategy and talent development, the HPVP team is committed to accelerating high tech growth across the Midwest. Godard Abel, a serial entrepreneur who co-founded G2 Crowd and has navigated exits of his previous companies to Salesforce and Oracle said, “I love what the Hyde Park team is doing to fill the fundraising gap in the Midwest, and I’m excited about the deep go-to market experience they bring to their portfolio companies.”

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About Hyde Park Venture Partners:
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Hyde Park Venture Partners (HPVP) is an early stage venture capital firm focused on software startups in the Midwest. With offices in Chicago and Indianapolis – and a network of advisors throughout the region – HPVP invests in proven startups who have incredible founding teams and fast growth. Their sweetspot is investing in B2B software and consumer marketplace startups raising their first or second round of capital. They are also recognized for having one of the most robust seed investment programs in the US.

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Jackson Troxel
@hydeparkvp
since: 05/2012
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