Fundraising

HPA Backs AI-Native Production Intelligence Platform Revolutionizing Continuous-Flow Manufacturing

HPA invests in Shelfmark’s $3.5 million seed round. Shelfmark is an AI-native production intelligence platform for continuous-flow manufacturing. The round was led by Armory Square Ventures, with participation from HPA, Grand Ventures, Argon Ventures, and Cultivation Capital. This financing brings Shelfmark’s total capital raised to approximately $5 million. Shelfmark is bringing greater autonomy to one […]

HPA Announces Acquisition of Portfolio Company Moonnox by Certinia

We are excited to share that HPA portfolio company Moonnox, an AI-native automation platform purpose-built for the professional services sector, was successfully acquired by Certinia, the leading global provider of AI-powered Professional Services Automation (PSA) and is backed by private equity firm Haveli Investments. Certinia provides Moonnox the platform and distribution to scale what the […]

HPA Backs AI-Native Cardiovascular Platform Revolutionizing Heart Care Delivery

HPA is pleased to announce its participation in the oversubscribed $16.2 million Series A financing round for Karoo Health, the cardiovascular technology company building the operating system for cardiac care. The round was co-led by 7wire Ventures and Allumia Ventures, with additional participation from HPA, First Trust Capital Partners, and SpringRock Ventures. As part of […]

Empirical Security Raises $25M Series A for Next Generation Vulnerability Management

HPA is excited to announce its follow-on investment in Empirical Security‘s $25 million Series led by Brightmind Partners with participation from previous investors HPA, Costanoa Ventures and others. The round brings Empirical’s total funding to $37 million. HPA first backed Empirical in its $12 million Seed round in July 2025, and we’re proud to continue […]

HPA Portfolio Company Handspring Health Raises $19M Series B to Expand High-Quality Mental Health Care for Children and Families

HPA is excited to share that Handspring Health, an HPA portfolio company, has announced $19 million in Series B financing led by RPS Ventures, with participation from new investor Angelini Ventures and continued backing from returning investors HPA, Cobalt Ventures, NextView Ventures, nvp capital, Cornucopian Capital, and others. This financing brings Handspring’s total capital raised […]

HPA Invests in Digit’s AI Operating System for Manufacturers and Distributors

HPA is excited to announce its follow-on investment in Digit’s $3M Seed Round, bringing total funding to $6.3M. This round was led by Tech Square Ventures, with participation from Barrel Ventures and Service Provider Capital, and continued support from Assembly Ventures and Grand Ventures. HPA previously co-led the company’s pre-seed round that was announced in […]

HPA Backs AI-Native DFIR Platform Revolutionizing Catastrophic Breach Recovery

HPA is pleased to announce its participation in the $3 million seed funding round for Cydelphi, the pioneering AI-native Digital Forensics & Incident Response (DFIR) platform company. The round was led by Glasswing Ventures, with additional participation from Blu Ventures and Merlin Ventures. Cydelphi is addressing a critical and rapidly expanding pain point in enterprise […]

Simple Mills Earns IVCA Company of the Year Honor

HPA is proud to announce that Simple Mills, an HPA portfolio company and leading clean-label food brand, has been named the 2025 Venture Capital Portfolio Company of the Year by the Illinois Venture Capital Association (IVCA). This honor recognizes Simple Mills’ exceptional growth, purpose-driven leadership, and transformative impact on both the food industry and Chicago’s innovation […]

Better Trucks Receives Strategic Investment from Uber Freight to Accelerate Last-Mile Expansion

HPA is excited to celebrate a major milestone for our portfolio company Better Trucks, which has received a strategic investment from Uber Freight alongside an expanded commercial partnership. This collaboration strengthens Uber Freight’s end-to-end logistics capabilities while accelerating Better Trucks’ growth as a next-generation last-mile carrier. Traditional parcel networks continue to face mounting pressure as […]