Edinburgh venture capital firm Par Equity has launched a £100m fund to help high-growth Scottish tech companies to scale up.
Par Equity has secured a first close of £67m with investment from bodies including the Scottish National Investment Bank and Strathclyde Pension Fund – and says the new Par Equity Ventures I LP will be a “significant boost to the prospects of scale-up companies in Scotland”.
The fund will be managed from Par Equity’s Edinburgh base and will lead or support Series A funding rounds. It aims to partner with early-stage companies “operating B2B business models and with strong IP” in areas including health tech, climate tech and industrial tech.
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