Hyde Park Venture Partners Raises $98 Million for Fourth Fund

Hyde Park Venture Partners Raises $98 Million for Fourth Fund

Quentin Rousseau
2 min read

Hyde Park Venture Partners Raises $98 Million for Fund IV

Hyde Park Venture Partners (HPVP), a venture capital firm based in Chicago, has successfully secured $98 million in new capital commitments for its fourth fund, elevating its total assets under management to around $320 million. This achievement demonstrates HPVP's dedication to early-stage investments in Midwest and Toronto-based startups. Two companies, Diffit and CivCheck, have already benefited from investments from the new fund. The firm boasts a strong track record, with its portfolio companies raising a combined $1 billion in follow-on funds. HPVP's investor base comprises institutional, family office, and ultra-high-net-worth individuals, and it has welcomed new partner institutions, such as NVNG and Cintrifuse Capital, alongside repeat backers like the Illinois Growth and Innovation Fund. Notably, HPVP's emphasis on attracting top talent and expanding its network in the Midwest region sets it apart in the industry.

Key Takeaways

  • Hyde Park Venture Partners (HPVP) raises $98 million for its Fund IV, increasing its total assets under management to approximately $320 million.
  • HPVP focuses on investing in founders in the Midwest and Toronto, known for visibility into over 90% of mid-continent startups.
  • The new fund will be deployed into 20 to 22 companies, with HPVP leading deals and providing average check sizes between $500,000 and $4 million.
  • The Midwest startup ecosystem is on the rise, driven by universities, R&D investments, and legacy industries untapped by technology and digitization.
  • HPVP stands out with its talent partner, Jim Conti, who plays a key role in bringing top talent to the firm's portfolio companies and expanding its network in the Midwest region.


The successful fundraising of $98 million by Hyde Park Venture Partners (HPVP) signifies a vote of confidence in the Midwest and Toronto startup ecosystems. This new fund will bolster startups in the region, fostering innovation, job creation, and economic growth. HPVP's track record and unique focus on talent acquisition, particularly with talent partner Jim Conti, will continue to attract top talent and strengthen the firm's network in the Midwest. This development has the potential to inspire other venture capital firms to explore investment opportunities in untapped regions. However, amidst the challenging fundraising landscape, institutional investors are becoming more selective. The success of HPVP's Fund IV hinges on the ability of its portfolio companies to secure follow-on funds and deliver substantial returns. It is crucial for Midwest and Toronto startups to leverage this momentum to secure additional funding and sustain their growth trajectory.

Did You Know?

  • Venture Capital Fundraising: The process of raising capital for a venture capital firm, typically involving pitching the firm's investment thesis, track record, and potential returns to potential investors, known as limited partners. In this article, Hyde Park Venture Partners (HPVP) raised $98 million for its fourth fund from institutions, family offices, and ultra-high-net-worth individuals.
  • Assets Under Management (AUM): The total market value of all the investments that a firm manages on behalf of its clients. In this article, HPVP's AUM increased to approximately $320 million with the new fundraise.
  • Talent Partner: A role within a venture capital firm that focuses on recruiting top talent for its portfolio companies and developing the firm's network. In this article, Jim Conti is HPVP's talent partner, helping the firm differentiate itself in the Midwest and Toronto startup ecosystems.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings