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Hyde Park Angels (HPA) is a Chicago-based early-stage venture capital firm founded by a group of successful entrepreneurs and executives. Established as a premier angel group, HPA has evolved into a full-fledged venture capital operation, boasting over 100 angel members and more than 75 investments. The firm emphasizes a 'People First' approach, integrating capital with operational expertise to accelerate startup success.
Currently, HPA manages a diverse portfolio with a focus on early-stage investments, particularly in the Midwest region of the United States. The firm has achieved notable milestones, including backing two unicorns, one IPO, and 29 acquisitions. HPA's commitment to supporting entrepreneurs is reflected in its extensive network and hands-on operational support.
HPA invests in early-stage companies across various sectors, including technology, healthcare, consumer products, fintech, industrial, and SaaS. The firm typically engages in Seed and Series A funding rounds, with check sizes ranging from $250,000 to $2 million. HPA has a strong preference for Midwest-based companies, leveraging its deep regional network to provide operational support and strategic guidance.
The investment strategy is centered on a 'People First' thesis, which emphasizes the importance of human capital alongside financial investment. HPA seeks to partner with founders who demonstrate strong leadership potential and a clear vision for their companies. The firm values operational expertise and aims to help startups navigate their growth journey effectively.
HPA's portfolio includes over 75 investments, featuring notable companies such as:
HPA has also achieved significant outcomes, including two unicorns, one IPO, and 29 acquisitions, showcasing its effectiveness in identifying and nurturing high-potential startups.
Pete Wilkins: Managing Partner with extensive experience in venture capital and entrepreneurship.
Michael Sachaj: Partner known for his expertise in early-stage investments and operational support.
Stephen Ross: Partner with a background in technology investments and startup growth.
Bess Goodfellow: Partner focused on consumer products and market strategy.
Michelle Rogoff: Senior Associate with a strong background in financial analysis and portfolio management.
Joe Beatty: Board Member with experience in scaling startups and operational excellence.
Alex Brown: Board Member with a focus on strategic growth and investment opportunities.
Corey Ferengul: Board Treasurer with expertise in financial management and governance.
Sapan Shah MD, JD: Board Vice Chair & Secretary with a background in healthcare investments and legal expertise.
Susan Whiting: Board Chair with extensive experience in corporate governance and strategic leadership.
Ann Deters: Membership Chair focused on member engagement and community building.
Doug Monieson: Chairman of the Board with a long history in venture capital and entrepreneurship.
Amanda Lannert: Board Member with expertise in technology and business development.
Startups interested in pitching to HPA should use the contact form available on their website. It is essential to include a comprehensive company overview that outlines the business model, market opportunity, and team qualifications. HPA does not specify a formal application process, but founders should expect a response time that varies based on the volume of inquiries.
Warm introductions are preferred, as they can facilitate a more favorable review of the pitch. Founders are encouraged to leverage their networks to connect with HPA members for introductions.
HPA offers various educational programs and events designed to enhance the entrepreneurial ecosystem in the Midwest. These programs focus on providing resources, networking opportunities, and insights to support both entrepreneurs and investors.
While specific details about program durations, cohort sizes, or application deadlines were not provided, HPA actively participates in events such as the Chicago Venture Summit and the Supply Chain Innovation Summit, which aim to foster collaboration and knowledge sharing within the startup community.
On December 1, 2025, HPA made a recent investment in an AI-native digital forensics and incident response platform, showcasing their commitment to supporting innovative technology ventures. This investment aligns with their focus on early-stage companies in the technology sector.
In the past year, HPA has actively backed 10 startups, further solidifying its presence in the venture capital landscape. The firm continues to engage with the entrepreneurial community through events and educational programs aimed at strengthening the Midwest startup ecosystem.
Q?
What are HPA's investment criteria?
A HPA focuses on early-stage companies in sectors such as technology, healthcare, consumer products, fintech, industrial, and SaaS. They prefer Midwest-based startups and typically invest between $250,000 and $2 million.
Q?
How can startups apply for investment from HPA?
A Startups seeking investment must submit a company overview through the contact form available on HPA's website. They should ensure they meet the specific criteria outlined on the investment information page.
Q?
What makes HPA different from other venture capital firms?
A HPA emphasizes a 'People First' approach, combining capital with operational expertise from its network of over 100 angel members. This model supports startups not just financially but also through mentorship and strategic guidance.
Q?
What is HPA's geographic focus?
A HPA primarily invests in companies located in the Midwest region of the United States, leveraging its local network to provide support and resources.
Q?
What is HPA's involvement post-investment?
A HPA provides hands-on support and operational expertise to its portfolio companies, helping them navigate growth challenges and prepare for future funding rounds.
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