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The Venture Codex

Overview

Private investment company focused on long-term investments.

Founded

1990

Deals ยท 12mo

1

Stage focus

Series B

Geographic focus

Spain
United States

Sector focus

Financial Services
Travel
Venture Capital

Investment portfolio

12rounds
NAMEDATESIZE
Volotea
Mar 2026Participated
$82 MOther Equity
Volotea
Oct 2025Participated
$12 MOther Equity
Deal Engine
Nov 2022Participated
$5 MSeed
Journera
Jun 2022Participated
$10 MSeries B
Wheelhouse
Apr 2022Participated
$16 MOther Equity
Uplift
Jan 2019Participated
$123 MSeries C
Uplift
Jan 2018Participated
$90 MDebt
Row44
Jun 2012Participated
$45 MOther Equity
Legend3D
Dec 2011Participated
$19 MSeries E
Room 77
Jun 2011Participated
$11 MSeries B
Row44
Sep 2010Participated
$37 MSeries B
Row44
May 2008Led
$21 MOther Equity
Volotea
Mar 2026Participated
$82 MOther Equity
Volotea
Oct 2025Participated
$12 MOther Equity
Deal Engine
Nov 2022Participated
$5 MSeed
Journera
Jun 2022Participated
$10 MSeries B
Wheelhouse
Apr 2022Participated
$16 MOther Equity
Uplift
Jan 2019Participated
$123 MSeries C
Uplift
Jan 2018Participated
$90 MDebt
Row44
Jun 2012Participated
$45 MOther Equity
Legend3D
Dec 2011Participated
$19 MSeries E
Room 77
Jun 2011Participated
$11 MSeries B
Row44
Sep 2010Participated
$37 MSeries B
Row44
May 2008Led
$21 MOther Equity
12
Items
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Insights

Time horizon

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Deal Distribution

PAR Capital: 12 funding rounds are recorded in the selected participation categories.All available history.
PAR Capital: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series B03
Series C+02
Other Equity14
Debt01

Monthly Deal Activity

PAR Capital: 12 deals are recorded across 222 months.All available history.
PAR Capital: 12 deals are recorded across 222 months. All available history
MonthDeals
May '081
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '101
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '111
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '111
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '121
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

PAR Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (6 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

PAR Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Networks, Cloud & Communication6
E-Commerce & Retail5
Travel & Hospitality4
Fintech2
Transportation & Logistics2
Marketing & Advertising1
Enterprise Software1
Media & Entertainment1
AR/VR1
Data, Analytics & IT1

Deal Size Distribution

PAR Capital: 12 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

PAR Capital: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M6
$25M-$50M2
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

PAR Capital: United States has the largest recorded deal count among the displayed regions (10 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

PAR Capital: United States has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
United States10
Europe2
PAR Capital: 20 co-investors are shown, with Highgate Ventures sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

PAR Capital: Led accounts for 8% and participating for 92% of round participation.All available history.
PAR Capital: Led accounts for 8% and participating for 92% of round participation. All available history
CategoryDeals (count)Share (%)
Led18%
Participating1192%
PAR Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
PAR Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

Anuj Gupta

Vice President of Data Science

Arthur G. Epker

Vice President

David E. Tobin

Team Member

Paul A. Reeder

President and Director