Funding

[Funding alert] Edinburgh-based Venture Capital firm Par Equity launching £100 million Fund

Oct 16, 2023 | By Startup Rise EU

Par Equity, an Edinburgh-based venture capital firm, disclosed the formation of a £100 million fund that will focus on early-stage businesses in the north of the nation. Par Equity recognizes investment possibilities at affordable valuations by utilizing the strong educational system and talent pool in locations like Manchester, Leeds, and Edinburgh.
Paul Munn - Managing Partner of Par Equity

Par Equity, an Edinburgh-based venture capital firm, disclosed the formation of a £100 million fund that will focus on early-stage businesses in the north of the nation. Par Equity recognizes investment possibilities at affordable valuations by utilizing the strong educational system and talent pool in locations like Manchester, Leeds, and Edinburgh.

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Par Equity recognizes these areas' potential and refers to their rich cultural legacy, academic institutions, and accessibility of expertise and innovation at fair prices.

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Par Equity’s managing partner, Paul Munn, highlights the success of their investment in an advanced materials business based in the north, which had a significantly lower valuation compared to its high-profile competitor in the “golden triangle.” Despite this, Par Equity’s portfolio company has seen key members of staff leaving the competitor and seeking to join their team. Munn believes that the north of the U.K. offers compelling investment opportunities with sensible valuations.

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Their first institutional venture capital fund was established with Par Equity Ventures I LP. The capital of the fund is mainly supplied by the Scottish National Investment Bank and British Business Investment, with substantial funding coming from the Strathclyde Pension Fund.

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In addition to the Midlands, Par Equity will additionally make investments in Scotland and Northern Ireland. Their regional presence has lately been strengthened by a pair of support centers in Leeds and Sheffield, even if their main office continues to be in Edinburgh.

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Due to access to knowledge and financing, founders looking for startup prospects have historically migrated towards the South, particularly London. However, a reevaluation of where talent chooses to reside has been drove by the remote work revolution, which was hastened by the worldwide epidemic, as well as changes in the macroeconomic landscape.

In the opinion of Par Equity, the present is an ideal opportunity to boost investment activity throughout the United Kingdom.

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About Par Equity

Par Equity which was established in 2008, is to find and promote the most cutting-edge, rapidly growing technology companies in the UK's north. Their headquarters are in Edinburgh, and They invest all through Northern England, Scotland, and Northern Ireland.

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Their unique hybrid investment model, which incorporates Their discretionary managed funds with the knowledge, contacts, and experience of the Par Investor Network—a sizable and active group of investors and mentors with encounter starting, growing, and selling businesses—can add value at each phase of the investment life cycle—is crucial to Their success.

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