Briolink
  • AI Products
    For corporations
    • AI-powered Online Content Generator
    • Platform for verifying Business Relationships
    • Business profile Aggregator
    • Document AI Automation
    For Goverments
    • AI-powered Online Content Generator
    • Document AI Automation
    • AI-Driven course Generator
    For startups
    • Startup Investment Platform
    • AI Product development
    For Professionals
    • AI-powered Online Content Generator
  • AI Services
    For corporations
    • AI Innovation strategy
    • AI Technology scouting
    • Bespoke AI Research
    For Goverments
    • Bespoke AI Research
    • AI Innovation strategy
    For startups
    • Venture studio as a service
    • AI Product development
    • Deal Flow Consulting
    For Professionals
    • AI Product development
    • AI Technology scouting
  • Consulting
    For corporations
    • Regional Sales
    • Joint Venture Creation
    • Partnerships
    For Goverments
    • Regulatory Assistance
    • Market Research
    For startups
    • Fundraising
    • Market Research
    • Demand Generation
    • Market Entry & Localization
    For Professionals
    • Market Entry & Localization
  • About
  • Cases
Contact Us
Briolink
  • AI Products
    For corporations
    • AI-powered Online Content Generator
    • Platform for verifying Business Relationships
    • Business profile Aggregator
    • Document AI Automation
    For Goverments
    • AI-powered Online Content Generator
    • Document AI Automation
    • AI-Driven course Generator
    For startups
    • Startup Investment Platform
    • AI Product development
    For Professionals
    • AI-powered Online Content Generator
  • AI Services
    For corporations
    • AI Innovation strategy
    • AI Technology scouting
    • Bespoke AI Research
    For Goverments
    • Bespoke AI Research
    • AI Innovation strategy
    For startups
    • Venture studio as a service
    • AI Product development
    • Deal Flow Consulting
    For Professionals
    • AI Product development
    • AI Technology scouting
  • Consulting
    For corporations
    • Regional Sales
    • Joint Venture Creation
    • Partnerships
    For Goverments
    • Regulatory Assistance
    • Market Research
    For startups
    • Fundraising
    • Market Research
    • Demand Generation
    • Market Entry & Localization
    For Professionals
    • Market Entry & Localization
  • About
  • Cases
Contact Us
Briolink

Hyde Park Venture Partners Secures $98M for Fund IV

Boosting Early-Stage Startups in the Midwest

May 2, 2024
in Investment
Reading Time: 2 mins read
Share on FacebookShare on Twitter

Hyde Park Venture Partners, a prominent venture capital firm based in Chicago, has successfully secured a $98 million investment for its fourth fund, Hyde Park Venture Partners Fund IV. This fund is designed to nurture early-stage startups, with a particular focus on companies founded in the Midwest and Toronto.

The investor base for HPVP Fund IV includes longstanding supporters such as the Illinois Growth and Innovation Fund, RK Mellon Foundation, Renaissance Venture Capital, and welcomes new partners such as NVNG and Cintrifuse Capital.

With the completion of Fund IV, Hyde Park Venture Partners now manages around $320 million in assets. This includes $25 million from Fund I initiated in 2012, $65 million from Fund II in 2015, $100 million from Fund III in 2019, and a $30 million Opportunity Fund finalized in 2021.

Thus far, two companies have benefited from investments from the new fund:

  • Diffit: A company utilizing generative AI to assist educators in crafting tailored lesson plans for their students.
  • CivCheck: A startup collaborating with municipalities and architects to expedite the building permitting process.

Portfolio of investments

Hyde Park Venture Partners has a history of supporting successful enterprises such as ShipBob, FourKites, G2, LogicGate, and Dentologie. Collectively, companies in the HPVP portfolio have secured over $1 billion in subsequent funding rounds.

In recent times, a number of businesses from the HPVP portfolio have been acquired. Notable examples include VNDLY by Workday for $510 million, Tock by Squarespace for over $400 million, Pear Deck by GoGuardian, and FairX by Coinbase.

Early-stage VC

Founded in 2012, Hyde Park Venture Partners has expanded its team, welcoming Jim Conti as Talent Partner and appointing Victoria Leon and Carlos Covarrubias as investors, with the latter recently promoted to Vice President.

Illinois State Treasurer Michael Frerichs praised the firm, stating, Hyde Park Venture Partners was one of the earliest funds to bet on the success of the Illinois and broader Midwest startup ecosystem, and has been a catalyst in enabling our local ecosystem’s growth as their fund has matured. He expressed enthusiasm for continued collaboration as HPVP supports more groundbreaking founders and companies in the region.

Dhruv Saxena, CEO and Co-Founder of ShipBob, a leading e-commerce fulfillment platform and an HPVP portfolio company, commended the firm for its invaluable support, which has been crucial in achieving global expansion.

Allison Lechnir, Partner at HPVP, shared her excitement about investing in proficient founders and significant ventures in the Midwest and Toronto. She emphasized that the success of companies like ShipBob and FourKites has brought national attention to the region. Lechnir affirmed that Fund IV will continue to support exceptional founders with capital, talent, and strategic partnerships necessary for growth.

Tags: investment fundMidwest businessStartupsTechnologyVenture Capital
ShareTweetPin

Related Posts

IntelePeer Secures $140M for AI-Powered Automation

August 9, 2024

SmartLoC Secures €1.8M for Digital B2B Payment Innovation

June 6, 2024

Innovative Cartwheel Secures $5.6M for Generative Automation

June 6, 2024

Innovative 3D Tech Startup Secures €3M Seed Investment

June 6, 2024

Czech VC Leads Investment in AI Sign Language Translation

June 6, 2024

Infusion of Capital Fuels Tech Startups Across Southeast Asia

June 6, 2024

Bright Prospects for India’s Investment Landscape in 2023

May 2, 2024

Innovative Financing for Bethlehem Startups

May 2, 2024
Ready to talk?
Fill out the contact form to get a free consultation
Contact us

© All Rights Reserved. Briolink

info@briolink.com

Menu
  • For Startups
  • Contact Us
  • Privacy Policy
  • For Startups
  • Contact Us
  • Privacy Policy
Follow Us
  • Home
  • AI services
    • Bespoke AI Research
    • Venture studio as a service
    • Deal Flow Consulting
    • AI Technology scouting
    • AI Innovation strategy
    • AI Product development
  • Services for startups
    • Regional Sales
    • Fundraising
    • Market Research
    • Demand Generation
    • Market Entry & Localization
    • Partnerships
    • Joint Venture Creation
    • Regulatory Assistance
  • AI solutions
    • AI-powered Online Content Generator
    • AI-Driven course Generator
    • Document AI Automation
    • Platform for verifying Business Relationships
    • Business profile Aggregator
    • Startup Investment Platform
  • Blog
  • About
  • Cases
  • Contact Us
  • Privacy Policy

© All Rights Reserved. Briolink