About HPA
HPA is a venture capital firm founded in 2007. It is primarily based out of Chicago, United States. As of Aug 2026, HPA is an active investor, having invested in 115 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Seed round of Shelfmark Overall, HPA portfolio has seen 3 unicorns, 1 IPO and 34 acquisitions including key companies like Medtronic, FourKites and ShipBob. A lot of funds co-invest with HPA, with names like Hyde Park Venture Partners sharing a substantial percentage of its portfolio. HPA has team of 18 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
HPA's List of Top Investments
HPA has a portfolio of 115 companies, including 3 unicorns. Their most notable investments are in Truss Holdings and Ahalogy.Their portfolio spans across and United States. They have invested in Enterprise Applications, Consumer, Retail and 31 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by HPA:1. Medtronic
Manufacturer of medical technology and healthcare solutions. The company develops and produces a wide range of medical devices, therapies, and services designed to treat chronic diseases and improve patient health outcomes. Its portfolio includes cardiac rhythm management, neurological devices, surgical tools, and patient monitoring systems used by healthcare professionals worldwide.
Key facts about Medtronic
- Founded Year: 1949
- Location: Minneapolis (United States)
- Annual Revenue: $1B+ as on Apr 24, 2026
- Stage: Public
- Employee Count: 100,909 as on Sep 30, 2026
- Investors: Greyrock Investments, Digital Pharma Lab and 26 Others
- Latest Funding Round: Grant (prize money), Oct 01, 2022, $*****
- Highlight: Public
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2. Arrive
Arrive offers a tech-enabled platform offering parking and mobility management solutions. The platform offers integrated solutions for parking management, transit solutions, and more. It connects consumers and operators/owners over a single platform. Users can do on-off street parking, event parking management, white-lable parking solutions for apartments and closed community, etc.
Key facts about Arrive
- Founded Year: 2006
- Location: Chicago (United States)
- Stage: Series D
- Total Funding till date: $65.3M
- Employee Count: 1,772 as on Sep 30, 2026
- Investors: Vitruvian Partners, Alexis Ohanian and 20 Others
- Latest Funding Round: Series D, Nov 13, 2018, $*****
- Highlight: Editors' Pick
3. FourKites
Developer of AI and web-based visibility solutions for the supply chain. It provides users with real-time visibility solutions for shippers, brokers, 3PLs, and carriers. It uses machine learning and AI to provide predictive insights and real-time supply chain information. It also enables users to calculate shipment arrival times and uses GPS or ELD devices for covering all modes including ocean, rail, parcel, and over-the-road. It provides end-to-end supply chain visibility platform using AI-driven technologies to provide comprehensive real-time tracking and predictive analytics for transportation and logistics management.
Key facts about FourKites
- Founded Year: 2014
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $243M
- Employee Count: 530 as on Sep 30, 2026
- Investors: August Capital, Lincoln Park Capital and 18 Others
- Latest Funding Round: Series D, Sep 28, 2022, $*****
- Highlight: Editors' Pick
4. ShipBob
Provider of e-commerce fulfillment solutions for direct-to-consumer brands. The company offers a logistics platform with its proprietary software across the fulfillment network, orders are automatically sent to the warehouses, the inventory is picked, packed, and shipped to the customers. The companys services include warehousing, custom packaging, package delivery, and return management and also offers software for combining orders, inventory management, customer communication, predictive data, and insights.
Key facts about ShipBob
- Founded Year: 2014
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $333M
- Employee Count: 1,712 as on Sep 30, 2026
- Investors: Western Technology Investment, Junipero Capital and 30 Others
- Latest Funding Round: Series E, Jun 29, 2021, $*****
- Highlight: Editors' Pick
5. Factor 75
Subscription-based meal delivery. The company offers nutritionist-designed, chef-crafted meals that change every week. Users can choose the meals based on the health plan. The company claims to use organically grown and locally sourced ingredients and hormone-free, pasture-raised, and grass-fed meat. After receiving the meal, customers can heat the meal in the oven or microwave for consumption.
Key facts about Factor 75
- Founded Year: 2011
- Location: Chicago (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $500K
- Employee Count: 1,173 as on Sep 30, 2026
- Investors: Darwin Strategic Limited, Dashfire and 11 Others
- Latest Funding Round: Seed, Dec 19, 2016, $*****
- Highlight: Acquired
HPA's Year-on-Year Investment Trends
HPA has invested in 115 companies over the last 18 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Aug 2026, it has made 5 investments in this year. Its most recent first time investment was in Shelfmark and most recent follow-on round was in Handspring.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 4 | 0 | 4 |
2024 | 3 | 0 | 3 |
2023 | 4 | 1 | 5 |
2022 | 4 | 6 | 10 |
2021 | 11 | 7 | 18 |
2020 | 8 | 5 | 13 |
2019 | 7 | 5 | 12 |
2018 | 3 | 5 | 8 |
2017 | 7 | 3 | 10 |
HPA's Investments by Stage
HPA has made 45 investments in Seed stage with an average round size of $2.41M, 38 investments in Series A stage with an average round size of $6.01M, 8 investments in Series B stage with an average round size of $29.4M, 2 investments in Series C stage with an average round size of $16.5M and 1 investment in Angel stage.Stage of entry | No. of Investments |
|---|---|
Seed | 45 |
Series A | 38 |
Series B | 8 |
Series C | 2 |
Angel | 1 |
Note: We have considered here, only first round of investments
HPA's Investments by Sector
HPA has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Vertical SaaS, High Tech and Retail. Notably, it has invested in 100 Tech companies, 77 Enterprise (B2B) companies, 62 Software companies and at least 45 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 45 |
Consumer | 31 |
Vertical SaaS | 16 |
High Tech | 14 |
Retail | 14 |
Others | 110 |
Note: We have considered here, only first round of investments
HPA's Investments by Geography
HPA has made most investments in United States (93).HPA's recent investments
HPA has made 5 investments in 2026 so far. Shelfmark and Karoo Health are the latest among them.Here are the most recent investments by HPA:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 05, 2026 | United States | Seed | 6493 | ||
Jul 21, 2026 | United States | Series A | 6006 | [+3] | |
Jul 17, 2026 | United States | Series A | 8462 | [+1] | |
Jul 07, 2026 | United States | Series B | 7667 | [+5] | |
Feb 12, 2026 | United States | Seed | 5702 | [+2] |
Unicorns in HPA's Portfolio
HPA has 3 unicorns in its portfolio - FourKites, ShipBob and Clearcover. The most recent unicorn in their portfolio is FourKites. It became a unicorn in 2022, 7 years after HPA first invested in it.Here is a list of unicorns in HPA's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
75 | Developer of AI and web-based visibility solutions for the supply chain | 2014 | Chicago | Series D | lgpvhmw | ||
72 | Provider of e-commerce fulfillment solutions for direct-to-consumer brands | 2014 | Chicago | Series E | lxgybmw | ||
68 | Online platform that provides automotive insurance | 2016 | Chicago | Series D | lckdgri |
IPOs and Publicly Listed companies in HPA's Portfolio
1 of HPA's portfolio company became public - Medtronic. It got listed on the New York Stock Exchange (NYSE), in Dec 1984.Here are HPA's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 28, 1984 | - | - | 1024 |
Acquired companies in HPA's Portfolio
34 companies from HPA's portfolio have been acquired. The most recent acquisition was Moonnox in Jul 2026 by Certinia for $*****.Here are HPA's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 21, 2026 | Jun 06, 2025 | Seed | 3759 | |
Jul 20, 2026 | - | - | 1918 | |
May 12, 2026 | Feb 07, 2019 | Series A | 5249 | |
Jul 01, 2025 | Jan 27, 2015 | Seed | 7783 | |
Mar 11, 2025 | Jan 22, 2014 | Series A | 5512 |
Team profile of HPA
HPA has a team of 18 members including 5 Partners and 5 Principals located in United States. HPA's team sits on the board of 2 companies.Here is a list of top team members in HPA:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chicago | - | ||
Partner | Chicago | - | ||
Partner | Chicago | - | ||
Partner | Chicago | - | ||
Partner | Chicago | Provi and Smart Commerce | - | |
Principal | Chicago | - | - | |
Principal | Chicago | - | ||
Principal | Chicago | - | - |
Co-investors of HPA
Over the past 18 years, 521 investors have co-invested in HPA's portfolio companies. This includes funds and angels.
- Invested before HPA: Techstars, Hyde Park Venture Partners and 125 others have invested in rounds before HPA. There are 7 companies where Techstars has invested before HPA and 4 companies where Hyde Park Venture Partners has invested before HPA.
- Top Co-investors of HPA: 211 investors entered a company along with HPA. These include investors like Hyde Park Venture Partners (17 companies).
- Invested after HPA: A total of 183 investors have invested in HPA's portfolio after their investments. Top Investors include Beringea (4 companies), SVB (4 companies) and Wintrust (3 companies).
Recent News related to HPA
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Shelfmark Raises $3.5 Million in Seed Funding to Advance Physical AI PlatformThe SaaS News•Aug 06, 2026•Armory Square Ventures, Shelfmark, Argon Ventures, Grand Ventures and 2 others
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Empirical Security Raises $25M in Series A FundingFinSMEs•Jul 20, 2026•Empirical Security, Brightmind, Costanoa, HPA
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Dallas Cybersecurity Startup Cydelphi Emerges from Stealth with $3M Seed FundingDallas Innovates•Feb 13, 2026•Merlin Projects, Glasswing Ventures, Blu Venture Investors, Cydelphi and 1 other
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Digit Closes $2.5 Million Seed Round to Revolutionize the Manufacturing ERP MarketSalesTech Star•Feb 18, 2025•Digit, Assembly Ventures, HPA, Grand Ventures and 1 other
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Fuel Me Secures $18 Million in Oversubscribed Series A to Redefine Fuel Procurement as We Know ItPR Newswire•Mar 21, 2024•Fuel Me, Pritzker Group, Tribeca Venture Partners, Bessemer Venture Partners and 7 others
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AI-enabled Direct Indexing Platform Alphathena Receives Strategic Investment from ETFS Capital and HPAGlobal Fintech Series•Jan 19, 2024•Alphathena, ETFS Capital, HPA
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AI-enabled Direct Indexing Platform Alphathena Receives Strategic Investment from ETFS Capital and HPABusiness Wire•Jan 18, 2024•HPA, ETFS Capital, Alphathena, WealthKernel and 1 other
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Occasion raises $1.25 million to help businesses boost bookingsThe Business Journals•Aug 25, 2023•Occasion, HPA
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Occasion raises $1.25M to help you split the cost of group activitiesChicago Tribune•Aug 25, 2023•Occasion, HPA
