Par Equity and Praetura Ventures Merge to Create £670M PXN Group
Two of the UK’s leading regional venture capital firms, Par EquityDealroom has a profile for this one. Try Dealroom → (Edinburgh) and Praetura VenturesDealroom has a profile for this one. Try Dealroom → (Manchester), have announced a merger to form PXN GroupDealroom has a profile for this one. Try Dealroom →, a new investment powerhouse with £670 million in assets under management. The move, which is pending regulatory approval, aims to tackle the deep imbalance in UK venture funding, where more than 80% of capital continues to flow to London and the Southeast.
The newly formed PXN Group will maintain offices in Manchester, Edinburgh, Leeds, and London, and will continue to invest in high-growth companies across sectors like SaaS, healthtech, fintech, climate tech, AI, and robotics. The group now counts 105 portfolio companies, and plans to expand its support through new programs, partnerships, and initiatives for advisers.
The merger combines Par Equity’s strength in early-stage technology investing with Praetura’s hands-on operational support and tax-efficient investment structures. Founders will now be able to access funding ranging from £200K to £8 million, along with a more scalable and regionally focused investor base.
David ForemanDealroom has a profile for this one. Try Dealroom → (Praetura) will lead PXN Group as CEO, while Paul MunnDealroom has a profile for this one. Try Dealroom → (Par Equity) takes on the role of Executive Chair. Their shared vision: to build a VC platform “born in the North, built for the North” — and deliver not just capital, but real support to founders across the UK’s underserved regions.
Sources:
A.M.
