Hyde Park Venture Partners, formed out of Hyde Park Angels founded at the University of Chicago, announces more than $20m for early-stage tech firms in the Illinois area.

Hyde Park Venture Partners (HPVP) has announced that it has over $20m for tech startups in the Illinois area after closing its first fund for $25m.

HPVP was formed in 2011 out of Hyde Park Angels, itself formed in 2006 at the University of Chicago by classmates at the Booth School of Business.

HPVP said it has already put $2.7m into eight firms, including 5 in the Chicago area, and typically looks to invest between $100k to $200k in seed…

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