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Today: May 19, 2024
May 2, 2024
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Hyde Park Venture Partners’ $98M Fund IV: $320M managed assets


TLDR:

  • Hyde Park Venture Partners closes $98M Fund IV with $320M assets under management.
  • HPVP Fund IV is backed by repeat backers and new partner institutions.

Hyde Park Venture Partners, an early-stage venture capital fund headquartered in Chicago, has announced the raise of $98 million for Fund IV. This fund primarily backs early-stage startups with founders in the Midwest and Toronto. With the close of Fund IV, HPVP’s total assets under management reach approximately $320 million, including previous funds.

New Fund IV has already invested in two companies: Diffit, leveraging generative AI for lesson plans, and CivCheck, accelerating the building permitting process. HPVP’s portfolio includes successful companies like ShipBob, FourKites, G2, LogicGate, and Dentologie. Overall, HPVP’s portfolio companies have raised over $1 billion in follow-on financing rounds.

Founded in 2012, HPVP has added new talent to its team to support founders. The fund has been a catalyst in enabling the growth of the local startup ecosystem. Fund IV aims to continue supporting founders with capital and connections to help them grow their companies.


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