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Parkway Venture Capital

North America, New York, United States, New York

Description

Parkway Venture Capital is a New York-based venture capital firm established in 2021, marking its entry into the early-stage technology investment landscape. The firm successfully closed its debut fund, Parkway Venture Capital Fund I, LP, at an impressive $100 million. This significant capital base positions Parkway to actively support innovative startups poised for substantial growth and disruption across various sectors. Founded by Gregg Hill, who brought prior experience from co-founding and managing a family office's venture arm, Parkway Venture Capital aims to leverage its expertise to identify and nurture promising companies.

The firm primarily targets early-stage companies, focusing on Seed and Series A rounds, where its strategic capital and operational guidance can have the most profound impact. Parkway Venture Capital is known for writing initial checks ranging from $500,000 to $5 million, indicating a commitment to providing meaningful early-stage funding. Their investment thesis centers on technology companies that are disrupting large, traditional industries through innovative solutions. This includes a broad spectrum of areas, from enterprise software and fintech to digital health and consumer technology.

Parkway Venture Capital maintains a keen interest in emerging and transformative technologies, particularly emphasizing generative AI and the metaverse, alongside business intelligence and generative design. The firm's portfolio reflects a diverse set of investments across these high-growth verticals, demonstrating its adaptability and forward-looking approach. By focusing on companies that harness advanced technology to create new markets or significantly improve existing ones, Parkway Venture Capital seeks to build a robust portfolio of category-defining businesses. Their strategic location in New York City also provides access to a vibrant ecosystem of talent and innovation, further enhancing their ability to source and support groundbreaking ventures.

Investor Profile

Parkway Venture Capital has backed more than 50 startups, with 1 new investments in the last 12 months alone. The firm has led 9 rounds, about 18% of its total and boasts 14 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Switzerland.
  • Strong thematic focus on Software, Artificial Intelligence (AI), Information Technology.
  • Typical check size: $500K – $5M.

Stage Focus

  • Series Unknown (24%)
  • Series B (22%)
  • Series A (20%)
  • Series D (14%)
  • Series C (8%)
  • Seed (6%)
  • Series E (4%)
  • Series G (2%)

Country Focus

  • United States (88%)
  • United Kingdom (4%)
  • Switzerland (2%)
  • Norway (2%)
  • China (2%)
  • Hong Kong (2%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Information Technology
  • Saas
  • Health Care
  • Medical
  • Transportation
  • Financial Services
  • Fintech
  • Analytics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Parkway Venture Capital frequently co-invest with?

Blue Ivy Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 2
FJ Labs
North America, New York, United States, New York
Co-Investments: 4
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 3
American Express Ventures
North America, New York, United States, New York
Co-Investments: 2
IVP
North America, California, United States, Menlo Park
Co-Investments: 2
Accel
North America, California, United States, Palo Alto
Co-Investments: 2
Sony Innovation Fund
Asia, Tokyo, Japan, Tokyo
Co-Investments: 2
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 13
Section 32
North America, California, United States, San Diego
Co-Investments: 3
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 3

Which angels does Parkway Venture Capital often collaborate with?

Shared Deals: 1
JM
North America, United States
Shared Deals: 1
BA
North America, California, United States, Palo Alto
Shared Deals: 1
ES
North America, California, United States, Mountain View
Shared Deals: 2
CS
North America, Texas, United States, Austin
Shared Deals: 1
MS
North America, California, United States, San Francisco
Shared Deals: 1
SN
North America, Florida, United States, Miami
Shared Deals: 2
AS
North America, United States
Shared Deals: 1
MS
North America, California, United States, San Francisco
Shared Deals: 1
GW
North America, Illinois, United States, Chicago
Shared Deals: 1

What are some of recent deals done by Parkway Venture Capital?

SandboxAQ

Palo Alto, California, United States

SandboxAQ develops AI and quantum technology solutions that enhances cybersecurity and materials science.

Artificial Intelligence (AI)Cyber SecurityInformation TechnologyQuantum ComputingSaaS
Series EDec 18, 2024
Amount Raised: $300,000,000
Figure

Sunnyvale, California, United States

Figure Robotics is an AI robotics company that is building a multi-purpose humanoid form robot.

Artificial Intelligence (AI)Machinery ManufacturingManufacturingRobotics
Series BFeb 24, 2024
Amount Raised: $675,000,000
Persefoni

Tempe, Arizona, United States

Persefoni provides a climate management and accounting platform for real-time management, analytics, and disclosure.

AnalyticsCleanTechGreenTechSaaSSoftwareSustainability
Series CAug 11, 2023
Amount Raised: $50,000,000
Kindbody

New York, New York, United States

Kindbody is a fertility clinic network and family-building benefits provider for employers.

Employee BenefitsFertilityHealth CareMedical
Series UnknownMay 1, 2023
Amount Raised: $25,000,000
Figure

Sunnyvale, California, United States

Figure Robotics is an AI robotics company that is building a multi-purpose humanoid form robot.

Artificial Intelligence (AI)Machinery ManufacturingManufacturingRobotics
Series AApr 19, 2023
Amount Raised: $70,000,000
Odeko

New York, New York, United States

Odeko develops a business-grade software platform for small enterprises.

AppsBusiness DevelopmentSoftware
Series DApr 18, 2023
Amount Raised: $53,000,000
OXOS Medical

Atlanta, Georgia, United States

OXOS Medical develops digital imaging device for efficient and effective treatment of patients.

Health CareHealth DiagnosticsMedicalMedical Device
Series AApr 5, 2023
Amount Raised: $23,000,000
Gemba

London, England, United Kingdom

Gemba is the enterprise metaverse's go-to workforce learning platform.

MetaverseProfessional ServicesTraining
Series AJan 25, 2023
Amount Raised: $18,000,000
Adventr

New York, New York, United States

Adventr is a SaaS platform for the creation of voice & touch controlled interactive video and its distribution across any network/player.

Ad NetworkAdvertisingAnalyticsContentDigital MediaInternetPublishingSaaSTVVideo Streaming
Series UnknownJan 1, 2023
newtrul

Chicago, Illinois, United States

Newtrul is a shipment aggregation platform that provides freight carriers an easier way to search for their next job.

LogisticsTransportation
Series UnknownJan 1, 2023