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Chicago Startups take notice! Here's our release for HPVP's big annoucement:
CHICAGO, June 13, 2013 – Hyde Park Venture Partners (HPVP), the early stage venture capital firm that invests in technology companies across the Midwest, today announced that it has closed its Hyde Park Venture Partners Fund with $25 million in commitments exceeding its $20 million target. The new fund makes seed and Series A investments in high potential tech-enabled business, consumer and healthcare companies.
"We are excited to finish our fundraising with the addition of several terrific limited partners," said Guy Turner, managing director of Hyde Park Venture Partners. "We will continue to nurture the innovation that is constantly emerging throughout the Midwest by investing in some of the region’s best entrepreneurs and those yet to be discovered.”
HPVP’s principals, Ira Weiss and Guy Turner, have strong experience and proven success in early stage investing, technology and strategy. Several advisors are also taking an active role in this fund, including Gregg Kaplan (Redbox), Sam Yagan (OkCupid) and Steve Farsht (TechStars). Sam Yagan, was recently named to the 2013 TIME 100 list of the 100 most influential people in the world. HPVP also works in partnership with Hyde Park Angels, the Midwest’s largest angel organizations.
“The Hyde Park Angels/Hyde Park Venture Partners relationship is proving to be a powerful one,” said Karin D. O’Connor, managing director, Hyde Park Angels. “Together, we have the investment experience, network, broad-based industry expertise, and capacity to invest well and help our companies succeed. We at HPA are excited about the fund’s successful raise and look forward to continued collaboration.”
HPVP and HPA most recently led a $750,000 Series A investment in SimpleRelevance, a personalized digital marketing company that is currently enrolled in TechStars Chicago’s inaugural class. Other current HPVP portfolio companies include FarmLogs, InContext Solutions, Food Genius, ParkWhiz, NoRedInk and LevelEleven.
About Hyde Park Venture Partners:
Hyde Park Venture Partners (HPVP) is an early stage venture capital fund investing in new technology companies in the Midwest, with particular focus in Chicago. HPVP works in partnership with Hyde Park Angels and invests in technology-enabled business and consumer services and healthcare IT companies raising their first or second round of institutional capital, ranging in total size from $750K to $2.5M. For more information, visit HydeParkVP.com.
About VineSprout:
VineSprout is a Chicago public relations firm that specializes in growing tech startups by getting them in the news. VineSprout has carved a niche in helping start-ups garner attention of users, customers and investors via public relations, social media and marketing efforts. We've been privileged to work with many of Chicago's most successful startups, and choose to work with entrepreneurs and startups that do something better than anyone else. We have strong relationships with journalists and know how to approach them with unique, compelling, and newsworthy angles. We invest time and effort getting to know reporters, what beats they cover, and understanding what kind of story ideas appeal to them and their individual audiences. Unlike most PR firms, we work on a month-to-month basis and offer realistic rates for startup budgets. For more information please visit vinesprout.com or email Nicole Duhoski at [email protected].
