Edinburgh-based venture capital firm Par Equity has announced its plans to raise £100 million to support high-growth tech companies in the north of the UK.
The fund, known as Par Equity Ventures I LP, aims to address the VC investment imbalance in the country by focusing on early-stage startups in the region.
The firm has already secured a first close of £67 million, with the Scottish National Investment Bank, British Business Investments, and the Strathclyde Pension Fund leading the way.
Despite the UK government’s “levelling up” policy, SME investment in the north has been lagging behind the rest of the country.
Par Equity’s new fund is a timely boost for the tech industry in the region, with the firm looking to invest in companies with high-growth potential.
The fund will provide the necessary capital and support for startups to scale and succeed, ultimately creating new jobs and driving economic growth in the north of the UK.
Photo by Surya Prasad
Par Equity’s £100M Target
Edinburgh-based venture capital firm Par Equity has announced its ambitious plan to launch a £100 million fund. The fund aims to address the VC investment imbalance in the UK by focusing on early-stage startups in the north of the country.
The new fund, called Par Equity Ventures I LP, has already secured a first close of £67 million. The firm plans to allocate the funds to high-growth technology companies in Northern Ireland, Scotland, and the north of England. The investment will be used to scale businesses and support innovation in the region.
Par Equity is known for its successful track record of investing in early-stage companies. The firm has a diverse portfolio of companies in various sectors, including technology, healthcare, and consumer goods. With the new £100 million fund, Par Equity aims to continue its support for innovative startups and help them grow and succeed in the competitive market.
The venture capital allocation to early-stage startups in the north of the UK has been relatively low compared to other regions. The new fund aims to address this imbalance and provide much-needed investment to the region. The fund’s focus on early-stage startups is expected to create job opportunities and boost the local economy.
In conclusion, Par Equity’s new £100 million fund is a significant investment in the north of the UK. The fund’s focus on early-stage startups is expected to provide a much-needed boost to the region’s economy and support innovation in various sectors. With its successful track record and expertise in investing in early-stage companies, Par Equity is well-positioned to help startups grow and succeed.
Focus on the North
Par Equity’s new venture fund is specifically focused on supporting startups in the north of the UK. The firm has recognized that there is a significant investment imbalance in the UK, with more funding going to startups in London and the south-east. By launching this £100 million fund, Par Equity hopes to address this issue and support high-growth potential tech companies in the north.
The north of the UK is home to several major cities, including Manchester, Leeds, Edinburgh, Sheffield, and Liverpool. These cities have a thriving startup scene, with a growing number of innovative tech companies emerging. However, many of these companies struggle to secure the investment they need to grow and scale.
Par Equity’s fund aims to provide early-stage startups in the north with the financial support they need to succeed. The firm has already secured a first close of £67 million and will continue raising capital to close out the full £100 million. This funding will be used to support companies across the north of England, Northern Ireland, and Scotland.
The north of the UK has a lot to offer startups, including access to world-class universities, a highly skilled workforce, and a lower cost of living compared to London and the south-east. By focusing on the north, Par Equity hopes to unlock the potential of this region and support the growth of innovative tech companies.
Overall, Par Equity’s new venture fund is a positive development for the north of the UK. By providing startups with the financial support they need to grow and scale, the fund will help to create jobs, drive innovation, and boost the local economy.
The UK Tech Scene
The UK tech scene has long been centered around the south of the country, with London often being equated with the entire UK. However, this has led to an imbalance in venture capital investment, with startups in the north being overlooked and underfunded.
Par Equity’s recent announcement of their £100M fund targeting early-stage startups in the north of the UK is a welcome development in addressing this imbalance. The fund aims to rebalance funding for early-stage companies across the country and provide support to tech companies with high-growth potential across the north of the UK.
Startup founders in the north of the UK have long been calling for more investment in the region, and Par Equity’s fund is a step in the right direction and the fund will provide much-needed support,
