24 January 2019

Venture capital firm Par Equity has closed investments worth almost £5 million over a two-day spell. The Edinburgh-based firm led funding rounds worth a combined £4.85m over two days at the end of December, partnering with the Scottish Investment Bank on all of the five deals.  

Of the total amount raised, upwards of £2.5m was directly co-ordinated by Par Equity through its investor network the Par Syndicate, the Par EIS fund and the Scottish Investment Bank. 

The deals consisted of one new investment, in Edinburgh-based Amiqus, a software company that offers an encrypted online tool to automate anti-money laundering and compliance checks, and four follow ons.

Three of these were in hardware venutres: Adaptix, an English firm with facilities in Newhouse that produces 3D X-ray machines, Greengage, an Edinburgh busines that makes wavelength-tunable lamps and sensors, and fellow capital business Uniklasers, a company that produces high-performance lasers used in sectors from film-making to life sciences.

The fourth follow-on deal was for ticketing system provider Red61, which first custom built its technology to accommodate the 50,000 performances in 300 venues that take place during the Edinburgh Fringe.

Read more at: https://www.scotsman.com/regions/edinburgh-fife-lothians/par-equity-lead...