Chicago-based Hyde Park Venture Partners, a technology-focused venture capital firm that opened an Indianapolis office last year, is in the midst of raising $60 million for its second fund, according to recent securities filings.
In central Indiana, the money will likely serve as dry powder to fuel software startups that are in expansion mode. Young companies in the area are surrounded by a variety of individual angel investors who can write five- or six-figure checks to get them started but few institutional firms that can make bets of $1 million or more to help them expand.
Hyde Park officials said they couldn't comment on the newest fund before it's complete. But Indianapolis managing partner Tim Kopp said the firm has been very busy in Indiana in 2015, participating in or leading financing events for six Indiana outfits including High Alpha, TinderBox and Demand Jump.