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 FourKites, Medtronic and Clearcover. 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 12 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
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 4 more. Here is the list of top investments by HPA:
1. 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: 538 as on Jul 31, 2026
- Investors: August Capital, Lincoln Park Capital and 18 Others
- Latest Funding Round: Series D, Sep 28, 2022, $*****
- Highlight: Editors' Pick
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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: 1,731 as on Aug 31, 2026
- Investors: Vitruvian Partners, Alexis Ohanian and 20 Others
- Latest Funding Round: Series D, Nov 13, 2018, $*****
- Highlight: Editors' Pick
3. Medtronic
Manufacturer of medical devices and technologies for healthcare clinical applications. The product portfolio includes solutions for cardiac rhythm management, cardiovascular health, diabetes management, digestive and gastrointestinal care, neurological disorders, and spinal and orthopedic surgery. Additional offerings encompass surgical robotics, patient monitoring systems, and surgical instrumentation for various medical specialties. The organization provides educational resources, training programs, and reimbursement support for healthcare professionals and clinical institutions. Patient services include information on medical conditions, treatment therapies, and device management tools.
Key facts about Medtronic
- Founded Year: 1949
- Location: Minneapolis (United States)
- Annual Revenue: $1B+ as on Apr 24, 2026
- Stage: Public
- Employee Count: 95,000 as on Dec 31, 2025
- Investors: Greyrock Investments, Digital Pharma Lab and 26 Others
- Latest Funding Round: Grant (prize money), Oct 01, 2022, $*****
- Highlight: Public
4. Clearcover
Online platform that provides automotive insurance. It features a Quick View ID card to manage policy information, submit claims, claims to track, change payment methods, make payments, view payment information, and more. It also validates coverages and determines eligibility for expedited payment.
Key facts about Clearcover
- Founded Year: 2016
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $457M
- Employee Count: 192 as on Mar 31, 2026
- Investors: IA Capital Group, SVB and 17 Others
- Latest Funding Round: Series D, Oct 17, 2025, $*****
- Highlight: Editors' Pick
5. 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: 1,706 as on Aug 31, 2026
- Investors: Western Technology Investment, Junipero Capital and 30 Others
- Latest Funding Round: Series E, Jun 29, 2021, $*****
- Highlight: Editors' Pick
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 44 investments in Seed stage with an average round size of $2.36M, 38 investments in Series A stage with an average round size of $6.01M and 8 investments in Series B stage with an average round size of $29.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 44 |
Series A | 38 |
Series B | 8 |
Series C | 2 |
Angel | 1 |
Others | 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 99 Tech companies, 77 Enterprise (B2B) companies, 62 Software companies and at least 46 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 | 5343 | ||
Jul 21, 2026 | United States | Series A | 7575 | [+3] | |
Jul 17, 2026 | United States | Series A | 1843 | [+1] | |
Jul 07, 2026 | United States | Series B | 8512 | [+5] | |
Feb 12, 2026 | United States | Seed | 3884 | [+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 |
|---|---|---|---|---|---|---|---|
79 | Developer of AI and web-based visibility solutions for the supply chain | 2014 | Chicago | Series D | ijccsyv | ||
70 | Provider of e-commerce fulfillment solutions for direct-to-consumer brands | 2014 | Chicago | Series E | tooc{bn | ||
71 | Online platform that provides automotive insurance | 2016 | Chicago | Series D | ivbilag |
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 | - | - | 8349 |
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 | 8938 | |
Jul 20, 2026 | - | - | 2124 | |
May 12, 2026 | Feb 07, 2019 | Series A | 6605 | |
Jul 01, 2025 | Jan 27, 2015 | Seed | 1081 | |
Mar 11, 2025 | Jan 22, 2014 | Series A | 8723 |
Team profile of HPA
HPA has a team of 12 members including 4 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 | Provi and Smart Commerce | - | |
Principal | Chicago | - | - | |
Principal | Chicago | - | ||
Principal | Chicago | - | - | |
Principal | Milton | - |
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
