Investor profile
Par Equity
VC
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Par Equity is an Edinburgh-based, early-stage venture capital firm that has invested in innovative, high-growth technology companies across the North of the UK — Scotland, Northern England, and Northern Ireland — since 2008. The firm operates a distinctive hybrid model, combining its discretionary managed EIS Fund with the skills, expertise, and contacts of the Par Investor Network (PIN), a large and engaged pool of experienced investors and mentors who can add value throughout the investment lifecycle. As Par describes it, this fusion of angel investor experience with the professionalism and rigour of a traditional VC fund manager is 'a force multiplier for Par, delivering better outcomes for investors and entrepreneurs.' Par focuses on enterprise software and deep tech companies at Seed to Series A, backing founders with both capital and hands-on operational support. The firm is a certified B-Corp, a tier-one co-investment partner with Scottish Enterprise, and the largest partner for the British Business Bank's Regional Angels Programme. Par Equity has since merged with Praetura Ventures to form PXN Group, a £670m investment powerhouse for the North.
Notable quotes
“There is a significant investment opportunity in the North of the UK. We have world-class universities, a deep talent pool, and innovative founders building category-defining companies. Par Equity is committed to ensuring these businesses have access to the capital and support they need to scale.”
“Par Equity is the leading early-stage venture investor in the Scottish ecosystem. Like Praetura, we are known for our hands-on approach, working side-by-side with our portfolio founders to build exciting companies.”
“Par Equity is passionate about building a vibrant tech ecosystem in Scotland, unlocking further investment into high-growth tech companies to accelerate innovation and job creation across the country.”
Team
Paul Munn
Managing Partner
Paul Atkinson
Partner
Andrew Castell
Partner
Aidan MacMillan
Investment Director
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Interpac | Series B | $4m | 2026-04 |
| Fuuse | Series A | $11m | 2025-10 |
| Skylark Lasers | Seed | $9m | 2025-09 |
| Gigged.AI | Seed | $6m | 2025-07 |
| CSignum | Series A | $9m | 2025-04 |
| Aveni | Series A | $14m | 2024-07 |
| Phlo | Series A | $11m | 2024-04 |
| Advanced Electric Machines | Series B | $29m | 2023 |
| Current Health | Series B | $43m | 2021 |
| pureLiFi | Series C | $18m | 2021 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Scottish Enterprise | 18 |
| Archangels | 10 |
| British Business Bank | 7 |
| Mercia Ventures | 5 |
| BGF | 4 |
| SIS Ventures | 4 |
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