Hyde Park Venture Partners closes debut fund ahead of target


chicago_lrgEarly stage investment firm Hyde Park Venture Partners (HPVP) has closed its debut fund on $25m, beating its initial target by $5m.

The new fund will focus on seed stage and Series A investments in technology companies operating in the business and consumer services and healthcare sectors. HPVP usually invests between $750,000 and $2.5m per company.

Hyde Park Venture Partners managing director said, “We are excited to finish our fundraising with the addition of several terrific limited 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 and partner Hyde Park Angels have recently led a $750,000 Series A round for digital marketing specialist SimpleRelevance. The firm’s other investees include FarmLogs, InContext Solutions, Food Genius, ParkWhiz, NoRedInk and LevelEleven.

Back in December Hyde Park led green transport business ParkWiz’s Series A round.

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