Parkway Venture Capital

What Parkway Venture Capital does

Parkway Venture Capital (Parkway VC) is a New York-headquartered venture capital firm founded in 2018 by Jesse Coors-Blankenship and Gregg Hill, specializing in deep-technology investments across five stated verticals: artificial intelligence, simulation, quantum computing, ubiquitous data, and complex engineering. The firm operates a concentrated, high-conviction portfolio model in contrast to broad-market spray-and-pray approaches, taking concentrated positions and participating across multiple funding rounds in its core companies — notably Figure AI (Series A lead in 2023, follow-on through $1B Series C in 2025), Hark (Series A lead at $700M in 2026), Sandbox AQ (first VC in after Google spin-out, 2022), Pasqal (quantum), OXOS Medical, TestFit, xAI, Persefoni, Gemba, TAE Technologies, and Wambi. Its go-to-market is founder-network-driven and direct-outreach-led; deal flow originates from the partners' deep tech operating backgrounds rather than traditional sourcing funnels.

The firm's revenue mechanics follow standard VC economics: ~2% annual management fees on committed capital plus 20% carried interest on profitable exits. With Fund I and Fund II in market and apparent deployment activity consistent with a larger Fund III, the firm monetizes through both recurring management fees and episodic carry realizations (e.g., Frustum at >9x to early investors, OnScale at 4.5x). Parkway does not sell products or services in the SaaS sense — its 'customers' are its portfolio founders, to whom it provides capital, technical expertise, board support, and strategic introductions, and its LPs, who commit capital to successive fund vintages.

Operationally, Parkway maintains a small core team (1–10 employees) supplemented by a broad advisory bench that includes former CIOs (Brian Hoyt, ex-Unity and AppDynamics/Cisco), senior bankers (Robert Bibow, ex-Goldman Sachs/UBS), domain operators (Dr. Jonathan Hiller, ex-Frustum CTO), and strategic advisors with international capital ties (Omran Al-Kuwari, CEO of Qatar Foundation International). The firm is co-headquartered in New York (540 Madison Ave) and Winter Park, Florida. There is no public listing; ownership is concentrated among the founding partners.

Name

Parkway Venture Capital

Legal name

Parkway Venture Capital LLC

Website

https://parkway.vc

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Parkway Venture Capital is a New York-based venture capital firm founded in 2018 that invests concentrated capital in deep-technology startups across AI, simulation, quantum computing, and complex engineering, employing a founder-operator model led by entrepreneur partners.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Financial Investment Activities (5239)

SIC

Investors, Nec (6799)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industries

Early-Stage Venture Capital (Series A/B) (FSANAAAB), Late-Stage Venture Capital (Series C+) (FSANAAAC)

Keywords

• Venture capital services
• Deep tech investments
• Early stage funding
• Technology venture capital
• Startup equity financing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Fund Management Fees: Traditional VC management fee structure (approximately 2% on committed capital)
2. Carried Interest (Carry): 20% of profits from successful portfolio company exits, as is standard in VC

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Parkway Venture Capital is a deep technology-focused venture capital firm that invests equity capital in early-to-mid stage companies with defensible intellectual property in artificial intelligence, simulation, quantum technology, ubiquitous data, and complex engineering. Beyond capital, the firm provides hands-on technical guidance, operational support, strategic networking, and partnership to portfolio founders through its concentrated, high-conviction portfolio approach. Investment vehicles are organized into multiple funds (Fund I, Fund II) raised from limited partners, with economics derived from management fees and carried interest on successful exits.

Product overview

Parkway Venture Capital is a New York-based venture capital firm that provides investment services to early and growth-stage technology companies. The firm does not offer products or services in the traditional SaaS/product sense; its offerings consist of venture capital funding, strategic partnership support, and operational expertise to founders in the deep tech space.

Differentiator

Problem solved

Functional benefit

Products and services

• Parkway VC Fund I First venture capital fund raised by Parkway Venture Capital providing early-to-mid stage equity capital to deep tech startups in AI, simulation, quantum technology, ubiquitous data, and complex engineering. Fund I gross IRR is reported as of February 1, 2023.
• Parkway VC Fund II Second venture capital fund raised by Parkway Venture Capital to provide early-to-mid stage equity capital and hands-on partnership to deep tech founders. Fund II gross IRR is reported as of February 1, 2023.

Quantifiable outcome

• Fund I gross IRR as of February 1, 2023
• +2 more outcomes

Named customers10 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Sectoral Asset Management: Sectoral is a healthcare and tech-focused investment manager with exposure to emerging technology themes; while broader, it offers partial overlap with Parkway's AI/health-tech portfolio.
• Bloomberg Beta: Bloomberg Beta is an early-stage venture firm with AI-focused investments that overlaps Parkway's early-stage AI thesis, though its primary focus is enterprise software rather than deep tech.

Direct peers

• Lux Capital: Lux Capital is a venture capital firm that invests in deep tech sectors including AI, robotics, quantum computing, and space — directly overlapping Parkway's investment focus on AI, simulation, quantum, and complex engineering.
• DCVC (Data Collective): DCVC is a deep tech-focused venture firm investing in AI, computational biology, and engineering-intensive startups, making it a closely comparable specialist peer to Parkway's deep tech mandate.
• Playground Global: Playground Global is a deep tech venture firm investing in AI, robotics, quantum, and complex engineering, with a similarly concentrated, founder-supportive approach that mirrors Parkway's model.
• Eclipse Ventures: Eclipse Ventures is a venture firm focused on industrial tech, robotics, and AI-driven engineering companies — closely overlapping Parkway's deep tech and complex engineering thesis.
• Prime Movers Lab: Prime Movers Lab invests in breakthrough scientific ventures across energy, transportation, infrastructure, and human augmentation — closely aligned with Parkway's complex engineering and deep tech focus.

Broad incumbents

• Khosla Ventures: Khosla Ventures is a large, established venture firm with significant early-stage deep tech exposure across AI, robotics, and frontier technology, making it a broader incumbent peer to Parkway's focused deep tech strategy.
• Founders Fund: Founders Fund is a prominent venture firm with deep tech and frontier technology investments, including significant AI exposure (e.g., OpenAI early backer), making it a broad incumbent peer to Parkway.
• Andreessen Horowitz (a16z): a16z is a large, established venture firm with deep AI, robotics, and infrastructure investing activity that overlaps Parkway's focus areas, though at much greater scale and breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments62 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parkway Venture Capital