HPA - Unicorn Nest

HPA

HPA

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Headquarters Location

United States, Chicago

About

HPA is the renowned VC, which was created in 2007. The main office of this VC is situated in Chicago. The fund is located in United States, North America.

The country of its establishment and the country of its most frequent investments coincides - United States. Moreover, a start-up needs to be 4-5 years old to get investment from this fund. Among the most popular investment industries for the fund are Software, E-Commerce. However, the fund’s focus is not limited to this, since there are 8 more areas of investment. Among the most popular portfolio start-ups of the fund, are Clearcover, Future Simple, ShipBob. The fund has no a preferred number of founders for start-ups that it invests in. If the applying start-up has 4 or 5+ founders, it is very unlikely that funding will be awarded.

The average start-up valuation at the time of investment from HPA is 1-5 millions dollars. Typical investments for this fund are deals in the range of 5 - 10 millions dollars. In real terms, this VC performs 1 percentage points less exits than other funds. HPA is involved in 15 percentage points less than the average amount of lead investments when compared with other funds. In 2016, the fund's activity was at its peak. Besides, in 2019 the fund was active. The fund usually participates in 7-12 investment rounds per year. We recorded the biggest number of exits for this fund in 2019.

The usual method for the fund is to invest in rounds with 4-5 other investors. Besides HPA, start-ups are typically funded by Pritzker Group Venture Capital, Techstars Chicago (Formerly Excelerate Labs), Chicago Ventures and 56 more VCs. The most common co-investors for the fund are Pritzker Group Venture Capital, Chicago Ventures, OCA Ventures and also 72 different VCs. The investors in the following rounds are usually Plymouth Growth Partners, Harvard Business School Angels Chicago, Beringea, and 48 VCs in total.

This VC was founded by Peter Wilkins. The overall number of key employees in the fund's team is 7.

Year Founded

2007

Fund Activity

Operative

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

7-12

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

32.3% of cases

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

1 years

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