News

Rithmio Nabs The Cash Needed To Build A Gesture Recognition Platform

Posted in Rithmio

Rithmio hopes to build and release the first gesture recognition platform that other companies can build into their products. Co-founded by Adam Tilton and Prashant Mehta PhD at the University of Illinois at Urbana Champaign, the company just announced that it secured $650k in seed funding to make it happen.

The company previously demonstrated a user navigating a map using a wrist-based device. Yet the goal isn’t to build yet another wearable. The company envisions helping brands integrate its gesture recognition product into wearables and smartphones. Imagine a wearable for weightlifters that tracks and critiques their movement...

Read the original TechCrunch post at: http://techcrunch.com/2014/09/25/rithmio-nabs-the-cash-needed-to-build-a-gesture-recognition-platform/

Flywheel Raises $1.2M For Its Designer-Centric WordPress Hosting Platform

Posted in Flywheel

The open-source WordPress software runs a huge chunk of all of the sites on the Internet, so it’s no surprise that there’s also a massive ecosystem that has sprung up around the platform. These days, there’s a specialized WordPress service for virtually any niche you can think of.

Omaha-based Flywheel is one of those services. It focuses on designers, freelancers and creative agencies that need a managed WordPress platform to build and manage their clients’ sites. Today, the company announced that it has raised a $1.2 million funding round...

 

Read the original TechCrunch post at: http://techcrunch.com/2014/09/05/flywheel-raises-1-2m-for-its-designer-centric-wordpress-hosting-platform/

3D virtual simulation tech company InContext Solutions raises $12M

Posted in InContext Solutions

3D visualization is at the cutting edge of technology — and it’s apparent that it’s at a hot target for investments as well.

InContext Solutions, a 3D virtual simulation tech company just announced it raised $12 million in series D funding to increase its global presence and its flagship product, ShopperMX. This platform stands to extend greater convenience to retailers worldwide by making store setup simpler...

See the complete VentureBeat article at: http://venturebeat.com/2014/08/27/3d-virtual-simulation-tech-company-incontext-solutions-raises-12m/

Hyde Park Venture Partners announces Tim Kopp as an advisor and venture partner

Posted in News

We are excited to announce Tim Kopp, former Chief Marketing Officer of ExactTarget, as an advisor and venture partner for Hyde Park Venture Partners (HPVP). We are a Chicago based venture fund that backs the most promising Midwestern tech companies and teams raising their first round of institutional capital. Tim is an experienced marketer and team builder with a passion for advising high-growth SaaS companies.  Most recently, Tim was the CMO of ExactTarget for 6+ years, leading a global team of nearly 300 marketing leaders.  He helped grow ExactTarget from $50M to $400M in revenue, through IPO and its eventual $2.7B sale to Salesforce.  Tim has a passion for building culture, creating incredible brand experiences, and delivering ROI.  Prior to ExactTarget, Tim was the CMO at Webtrends, and prior to that he held key leadership roles in digital marketing at Coca-Cola and Procter & Gamble.  

Hyde Park Venture Partners was launched 3 years ago to find the best high-growth software companies throughout the Midwest.  Among our 14 current core investments, many are demonstrating massive (20%+) monthly growth in key metrics, including AhalogyFarmlogs andGeofeedia. This growth is translating into large follow-on funding rounds, including ParkWhiz $10M series B, InContext Solutions $12M, and BaseCRM $15M Series B.  

Guy Turner, managing partner at Hyde Park Venture Partners, calls Tim a “master marketer with a wide network of digital marketing and sales contacts.  He brings a level of intensity to his work that consistently creates outstanding results, and is doggedly persistent at helping companies grow.”

We are always searching for outstanding tech talent to add value to our investments and from whom our portfolio companies can learn.  The biggest challenge faced our companies has been creating and executing a marketing strategy, and scaling the marketing & sales team.  Tim helps us solve this.  Tim joins our other advisors, including Sam Yagan (CEO of the Match Group and founder of OKCupid.com) and Gregg Kaplan (founder of RedBox).

Tim’s comment “I’m thrilled to join the Hyde Park Venture Partners team and build upon our shared passion for guiding and accelerating the growth of the Midwest’s most promising young technology companies.  Together, we have an incredible opportunity to help these companies become the next breakout category leaders.”

Tim has a keen eye for finding outstanding early stage investments.  It was clear from the beginning that there would be a great strategic fit when Tim had already became involved in 4 of the 14 core investments made by our fund.  Tim serves on the board of portfolio companies AhalogyG2Crowd, and LevelEleven, and as an advisor to TinderBox. Tim is also a board member of Monetate, a marketing technology company backed by First Round Capital and OpenView Venture Partners.

Tim is a board member and investor in Ahalogy.  Michael Wohlschlaeger, CEO of Ahalogy, says this about Tim: “I count myself extremely fortunate that I have the chance to interact with Tim. Tim is the smartest mind I have encountered on what it really takes to scale sales and marketing.  Tim also truly understands ‘mind of the entrepreneur’ and effectively tailors his feedback and advice for the most impact.”  

Tim is also a board member at G2Crowd.  According to Godard Abel, CEO of G2Crowd (and founder of BigMachines), “Tim Kopp has been tremendously valuable both as a strategic advisor and as a resource in accelerating hiring and business development efforts at G2 Crowd.  Tim brings a unique perspective on next generation marketing technologies, and he has a tremendous network that he has generously used for valuable introductions."

In addition to being an active early-stage investor, Tim is an Executive in Residence for Scale Venture Partners.

We welcome Tim to the Hyde Park Venture Partners family. 

 

 

ParkWhiz raises $10M to help drivers find cheaper parking spots

Posted in ParkWhiz

ParkWhiz, a Chicago-based discount parking-spot finder, has raised $10 million from heavy-hitter investors so it can double its workforce and boost big-name partnerships to become a key part of the “smart car” future.

Drivers can use ParkWhiz’s free app to find the cheapest parking in real time, download a mobile pass and wave their smartphone at the entrance to park.

They automatically get a discount, which can be as much as 50 to 70 percent off the standard daily rate, including at parking facilities near Midway and O’Hare airports...


Read the original Chicago Sun Times article here