Midwest Venture Capital Firm Hyde Park Venture Partners Raises $98 Million Fund IV

Midwest venture capital firm Hyde Park Venture Partners has closed its $98 million Fund IV, solidifying its position as a key player in the region's startup ecosystem. Despite being based in the so-called fly-over city of Chicago, HPVP continues to attract significant capital commitments from institutional investors, family offices, and high-net-worth individuals. The firm, led by managing partners Greg Barnes and Guy Turner, focuses on investing in early-stage founders primarily in the Midwest and Toronto. With a track record of backing successful companies like ShipBob, FourKites, and G2, HPVP is well-positioned to deploy its new fund into 20 to 22 promising startups. The firm's commitment to building strong relationships with founders and bringing top talent to its portfolio companies sets it apart in the competitive venture capital landscape. As the Midwest gains momentum as a hub for innovation and entrepreneurship, HPVP's latest fundraise signals a bright future for the region's startup ecosystem.