News

June 18, 2025

Two British VC firms merge, bringing together £670m in funds

Par Equity and Praetura hope to close the regional funding gap in the UK and double down on opportunities outside the capital

Tom Nugent

3 min read

UK investors Par Equity and Praetura Ventures are merging to create PXN Group, a £670m investment firm focused on the north of England, Scotland and Northern Ireland as the two firms look to double down on closing the regional funding gap in the UK. 

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Tom Nugent

Tom Nugent is Sifted’s managing editor. He covers robotics, chips and university spinouts. Follow him on X and LinkedIn

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