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Stock impact report

Chicago-based Hyde Park Venture Partners closes $98M Fund IV with two investments made so far [TechCrunch]

Squarespace, Inc. Class A (SQSP) 
Company Research Source: TechCrunch
Midwest venture capital firms might always play catch-up to the coasts, but that's not stopping some firms from pulling in nice-sized funds to support startups in their local ecosystems and overall region. Despite being so-called “fly-over cities” according to investors focused on the coasts, the money continues to flow into this region. For example, Michigan's Grand Ventures brought in $50 million in capital commitments last October. In 2023, Columbus-based Rev1 secured $30 million for its third Catalyst Fund aimed at life sciences. Now it's Hyde Park Venture Partners ' turn. The Chicago-based early-stage firm has secured $98 million in new capital commitments for its Fund IV. The close of Fund IV gives HPVP total assets under management of approximately $320 million. It has four general funds and a $30 million Opportunity Fund established in 2021. Raising money Managing partner Greg Barnes and partners Allison Lechnir and Guy Turner lead the 12-year-old firm that invests in Show less Read more
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