The Venture Codex Logo

The Venture Codex

Par Equity

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

Overview

Founded in 2008, Par Equity is a venture capital firm that backs the most innovative, high growth technology companies in the North of the UK. Based in Edinburgh, Par invests across Northern England, Northern Ireland and Scotland.

Total investments
56
Lead investments
33
Investments · 12mo
1
Active investors
10

Sector focus

  • Financial Services
  • FinTech
  • Impact Investing
  • Venture Capital
Visit website

Investment portfolio

  • Fuuse

    Led · Equity · Oct 2025

    Fuuse provides a cloud-based chargepoint management system that gives EV charger owners tools and insights to maximise energy efficiency, improve availability and monetise their infrastructure. The platform recently became the UK’s first EV chargepoint management system to secure two OCCP certification standards, underscoring its technical robustness. Over the last 18 months the company has launched a nationwide public chargepoint rollout with car-dealer Arnold Clark, expanded into international markets, and acquired the assets of service provider Everyday EV. Management reports that recurring revenues have more than doubled since the prior investment round, supporting an increased valuation. The newly raised capital is earmarked to accelerate growth in key product and market areas and drive the business through to profitability. Fuuse’s leadership, headed by CEO Michael Gibson, views the additional funds as critical to “charge forward” on its growth mission.

  • Gigged.AI

    Led · Equity · Aug 2025

    Gigged.AI offers a Skills Intelligence Platform and On-Demand Talent marketplace that unifies internal employees, contingent workers and AI agents to help enterprise tech leaders match capability to projects. The platform supports integrations with Microsoft Teams, Entra ID, Power BI and other Azure-native tools and is now listed on the Microsoft Azure Marketplace to streamline procurement and deployment. The company is close to launching an Agentic AI feature called Sia, a natural-language interface that scopes projects and finds intelligent matches instantly. Gigged.AI says the product improves utilisation and reduces delivery bottlenecks for digital transformation initiatives. The startup currently serves 12 enterprise clients, including Fortune 500 firms Leidos and Concentrix, and reports a strong pipeline in the UK and USA for 2025 and beyond. Leadership cites customer growth and product launches as priorities supported by the new funding. Gigged.AI, based in Glasgow, Scotland, deploys AI-matching algorithms to help businesses source and onboard on-demand tech talent while enabling SMEs and larger corporates to retain existing staff. Led by CEO and co‑founder Rich Wilson, the company serves clients including the BBC, ATOS, Webhelp, Skyscanner, FanDuel, and the University of Edinburgh. In January 2023 it raised £1.6M in seed funding to support growth. The round was led by Par Equity alongside existing investor Techstart Ventures and Nile HQ. Gigged.AI plans to grow its team over the next twelve months, hiring remotely in addition to expanding at its Glasgow and London hubs. It also has a number of partnerships and contract wins in the pipeline this year. Gigged.AI operates an AI-driven platform that matches businesses with internal talent and external freelancers, using an algorithm to pair clients with the most suitable people from a company’s workforce or Gigged.AI’s freelance network. The company plans to re-platform its product and use recent funding to support expansion into North American markets, targeting delivery to an existing pipeline in early 2023. Gigged.AI was awarded a £100,000 grant from Scottish Enterprise to scale development and support that international push. The startup launched an MVP in 2021 and says it quickly found demand from SMEs and larger enterprises seeking internal talent solutions. In October last year the company secured £600k in an oversubscribed funding round led by Techstart Ventures, which fuelled significant expansion and a doubling of headcount. Gigged.AI was founded in 2021 by Rich Wilson and Craig Short and is headquartered in Glasgow. Gigged.AI provides an AI-driven talent platform that uses an online chatbot to create clear statements of work that act as contracts between clients and freelancers. The company was launched in July 2021 by Rich Wilson and Craig Short and is based in Glasgow. It has seven employees and plans to double headcount to 14, focusing hires on sales and customer success. Gigged.AI closed a £600K investment round to support growth and further develop its technology for future product launches. The firm previously received a grant from Innovate UK’s Sustainable Innovation Fund to advance its platform. Management says the product has received strong market response as it targets expansion across the global talent platform industry.

  • CSignum

    Led · Series A · Apr 2025

    CSignum develops patented EM-2 systems that use electromagnetic field signaling (EMFS) to wirelessly transmit data through challenging environments such as water, ice, soil, rock and concrete to surface networks. Its core offerings include EM-2 hardware and CSignum Cloud, a dashboard and analytics platform already deployed on several river water quality monitoring projects. Key applications include water quality and environmental monitoring, wireless under-ship monitoring, and security for critical underwater infrastructure such as offshore wind turbines and oil and gas platforms. Founded in 2020, the company is working with customers in the UK, EU and US to address regulatory-driven demand for real-time monitoring. Upcoming compliance deadlines, including AMP8 real-time monitoring mandates, present a significant growth opportunity for its wireless solutions. The company plans to use the funding to expand its engineering team, advance its product portfolio and strengthen its market presence.

  • Neuranics

    Participated · Seed · Apr 2025

    Neuranics develops ultra-sensitive, low-power, and scalable Tunnelling Magnetoresistance (TMR) magnetic sensors and associated custom circuitry and software to detect tiny magnetic signals from the human body without skin contact. Its sensors enable precise tracking of muscle activity for gesture recognition and detection of heart signals, targeting XR, wearables, and digital health applications. The company claims improved accuracy, reduced power consumption, and potential for continuous monitoring versus traditional methods. Neuranics is collaborating with Tier‑1 semiconductor and XR manufacturers to validate performance and production readiness for high-volume applications across consumer, industrial, and healthcare markets. Founded in 2021 as the first joint spinout from the University of Glasgow and the University of Edinburgh, the company has received recognition including a CES Innovation Award. With new funding, Neuranics plans to expand its team, accelerate core technology innovation, and drive integration of its TMR technology into emerging and high-tech markets. Neuranics is a Glasgow-based deep-tech spin-out from the Universities of Glasgow and Edinburgh that develops compact patented magnetic sensors and magnetomyography (MMG) technology for wearable wristbands. The company combines MMG with machine learning to detect muscle activity and interpret precise gestures. Initially it is targeting extended reality (XR) applications, with potential future use in healthcare, sports, gaming, and assistive technologies. Neuranics said an 18-month £2.4 million project, supported by an £800,000 grant from Scottish Enterprise, will fund R&D and create ten high-tech jobs at its Glasgow headquarters. The funding will support development of a compact wristband aimed at improving accuracy and comfort over existing gesture-recognition solutions. The company recently won a £125,000 fellowship grant from the Royal Commission for the Exhibition of 1851 and was awarded Deep Tech Investment of the Year at the UK Angel Investment Awards. Neuranics is a Glasgow-based sensor specialist founded in 2021 as a joint spinout from the University of Glasgow and the University of Edinburgh. The company develops magnetic sensors integrated with semiconductor technology using scalable spintronics sensors to detect tiny magnetic signals from organs such as the heart and muscles. Its patented technology is intended to address shortcomings in current health monitoring devices and human-machine interfaces. Neuranics’ magnetocardiography (MCG) sensors are described as easier to use than traditional electrocardiography (ECG) sensors, and its magnetomyography (MMG) system can estimate single finger movements by detecting magnetic activity in the forearm muscles. The sensors are said to improve latency when controlling robotic hands or interacting with virtual objects in the metaverse. The company raised £1.9M and intends to use the funds to expand operations and its business reach. The founders are Kia Nazarpour (CSO), Hadi Heidari (CTO), and Noel McKenna (CEO).

  • Partful

    Participated · Equity · Dec 2024

    Partful builds an interactive 3D Software-as-a-Service platform for original equipment manufacturers (OEMs) to create interactive 3D parts catalogs that streamline identification, ordering, and installation of parts. The platform is available in 71 languages and serves customers including Lotus, Lear, and Ideal Heating. Founded in 2017 and based in Manchester, the company focuses on the manufacturing aftersales industry. Partful raised €6.0M in its latest funding round, bringing total funding to €13.5M. The company will use the funds to drive further innovation and expand the reach of its aftersales SaaS platform for OEMs. Investors in the round include Northern Gritstone, Par Equity, and Blumberg Capital. Partful offers an end-to-end aftermarket platform featuring interactive 3D exploded parts catalogues, detailed work instructions, and eCommerce capabilities to help users identify, order and repair parts. The platform is developed by Manchester-based start-up SamsonVT and is available in 71 languages. Partful has grown revenues by more than 100% year over year, expanded its workforce by 95%, and added customers including Lotus Cars, Norton Motorcycles, IDEX Corporation, Maeving, GOVECS and Dragonfly Hyperscooter. The product supports on-the-job training for maintenance engineers and aims to reduce order errors, protect manufacturer revenues and limit product downtime. Partful has opened new UK headquarters in Manchester and launched a European Centre of Technology in Warsaw as it pushes adoption across Europe and the U.S. SamsonVT offers SamsonCORE, an interactive digital platform that replaces paper-based technical manuals and parts catalogues with immersive 3D models to support maintenance engineers. The platform can connect engineers with the wider supply chain to improve order fulfilment and is designed for Industry 4.0 use cases, leveraging immersive 3D modelling and machine learning. The company targets the $400B after-sales market and counts global customers including Lotus, RS Components and Norton Motorcycles. SamsonVT was co-founded in 2017 by Sam Burgess and Ed Brunyee after they identified opportunities to digitise equipment lifecycle management. The company has experienced rapid growth and is using external advisory support from Sand Hill East to prepare for expansion, including entry into the U.S. market. Recent seed funding will be used to develop products, enhance customer service and scale production as SamsonVT expands into new territories.

Team