Par Equity leads two-day investment deal bonanza

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.