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The Venture Codex

Par Equity

3a Dublin Meuse, Edinburgh, Scotland, EH3 6NW, United Kingdom

Overview

Venture capital firm backing high growth technology companies.

Founded

2008

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United Kingdom
United States

Sector focus

Financial Services
FinTech
Impact Investing
Venture Capital

Investment portfolio

56rounds
NAMEDATESIZE
Fuuse
Oct 2025Led
$8 MOther Equity
Gigged.AI
Aug 2025Led
$1 MOther Equity
CSignum
Apr 2025Led
$8 MSeries A
Neuranics
Apr 2025Participated
$8 MSeed
Partful
Dec 2024Participated
$7 MOther Equity
Little Journey
Nov 2024Led
$12 MSeries A
novosound
Oct 2024Led
$3 MOther Equity
Aveni
Jul 2024Participated
$14 MSeries A
iGii
Jun 2024Participated
$11 MOther Equity
Fuuse
Jun 2024Participated
$11 MOther Equity
Phlo
Apr 2024Led
$11 MOther Equity
Advanced Electric Machines
Nov 2023Participated
$29 MSeries A
Fuuse
Oct 2025Led
$8 MOther Equity
Gigged.AI
Aug 2025Led
$1 MOther Equity
CSignum
Apr 2025Led
$8 MSeries A
Neuranics
Apr 2025Participated
$8 MSeed
Partful
Dec 2024Participated
$7 MOther Equity
Little Journey
Nov 2024Led
$12 MSeries A
novosound
Oct 2024Led
$3 MOther Equity
Aveni
Jul 2024Participated
$14 MSeries A
iGii
Jun 2024Participated
$11 MOther Equity
Fuuse
Jun 2024Participated
$11 MOther Equity
Phlo
Apr 2024Led
$11 MOther Equity
Advanced Electric Machines
Nov 2023Participated
$29 MSeries A
56
Items
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Insights

Time horizon

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Deal Distribution

Par Equity: 56 funding rounds are recorded in the selected participation categories.All available history.
Par Equity: 56 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed73
Series A65
Other Equity2015

Monthly Deal Activity

Par Equity: 56 deals are recorded across 190 months.All available history.
Par Equity: 56 deals are recorded across 190 months. All available history
MonthDeals
Jan '111
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '111
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '121
May '120
Jun '120
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 '141
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '151
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '151
Aug '150
Sep '150
Oct '150
Nov '151
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '161
Aug '160
Sep '160
Oct '161
Nov '160
Dec '160
Jan '171
Feb '170
Mar '171
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '192
Jan '200
Feb '200
Mar '201
Apr '200
May '201
Jun '201
Jul '201
Aug '200
Sep '200
Oct '200
Nov '202
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '212
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '222
Aug '221
Sep '220
Oct '221
Nov '221
Dec '220
Jan '233
Feb '231
Mar '230
Apr '230
May '232
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '242
Jul '241
Aug '240
Sep '240
Oct '241
Nov '241
Dec '241
Jan '250
Feb '250
Mar '250
Apr '252
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Par Equity: Hardware & Robotics is the largest displayed sector by deal count (16 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 Equity: Hardware & Robotics is the largest displayed sector by deal count (16 deals). All available history
SectorDeals
Hardware & Robotics16
Networks, Cloud & Communication15
Health & Life Sciences15
Enterprise Software13
Manufacturing13
Fintech11
Data, Analytics & IT10
Clean Energy & Sustainability9
Media & Entertainment7
E-Commerce & Retail6
AI & Machine Learning6
Space & Frontier Tech5
Transportation & Logistics5
Professional Services4
Cybersecurity & Privacy3
Consumer & Lifestyle3
Marketing & Advertising3
Government & Defense2
Travel & Hospitality1
AR/VR1
Food & Agriculture1
Gaming & eSports1
Developer Tools1

Deal Size Distribution

Par Equity: 56 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 Equity: 56 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M39
$5M-$10M10
$10M-$25M6
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Par Equity: Europe has the largest recorded deal count among the displayed regions (51 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Par Equity: Europe has the largest recorded deal count among the displayed regions (51 deals). All available history
RegionDeals
Europe51
United States3
New Zealand2
Par Equity: 20 co-investors are shown, with Scottish Enterprise sharing 25 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.

Par Equity: 20 co-investors are shown, with Scottish Enterprise sharing 25 recorded deals. All available history
Co-investorShared deals
Scottish Enterprise25
Archangels5
Kelvin Capital4
Blumberg Capital3
Equity Gap3
Gabriel Investments3
Techstart Ventures3
British Business Investments2
Calculus Capital2
Cambridge Angels2
GD12
IQ Capital2
Legal & General2
Northern Gritstone2
Northern Powerhouse Investment Fund2
NPIF \u2013 Mercia Equity Finance2
Old College Capital2
Scottish National Investment Bank2
University of the West of Scotland2
YFM Equity Partners2

Investment Strategy

Par Equity: Led accounts for 59% and participating for 41% of round participation.All available history.
Par Equity: Led accounts for 59% and participating for 41% of round participation. All available history
CategoryDeals (count)Share (%)
Led3359%
Participating2341%
Par Equity: Single-lead accounts for 70% and co-led for 30% of lead dynamics.All available history.
Par Equity: Single-lead accounts for 70% and co-led for 30% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2370%
Co-led1030%

Team

Aidan MacMillan

Investment Manager

Andrew Castell

Partner

Andrew Noble

Partner

Claire Cramm

Investment Analyst

Nicola McLeod

Compliance Manager

Paul Atkinson

Partner

Paul Munn

Partner

Pauline Cassie

Investor Relations Director

Robert Higginson

Partner

Tom Croy

Investment Manager