Parkway Venture Capital Enters Into a Strategic Partnership with Arcapita
Summary
NEW YORK, Jan. 21, 2025 (GLOBE NEWSWIRE) -- , a leading venture firm in frontier technology and artificial intelligence (AI), today announced a strategic partnership with , a global alternative investment firm.This is a defining moment for Parkway, said Jesse Coors-Blankenship, General Partner. With the support of Arcapita and Parkways demonstrated ability to identify groundbreaking ventures, the firm is poised to drive meaningful progress across industriesand across the globewhile delivering lasting value to its investors.This milestone reflects a deep and enduring relationship built on shared values and a mutual vision for the future of technology, said Gregg Hill, General Partner at Parkway. Arcapitas trust in Parkway underscores not only the strength of our approach but also our collective commitment to driving meaningful global innovation.Parkway emerged on the investment scene in 2018, co-founded by Hill and Coors-Blankenship, with a focus on backing transformative technologies and leaders, including leading humanoid innovator Figure AIs . Their demonstrated ability to identify and nurture high-potential companies at the cutting-edge makes them an ideal partner for our first US-based VC investment. Founded in 2018 by General Partners Gregg Hill and Jesse Coors-Blankenship, Parkway puts the futures most important founders on a fast-track to success, backing fundamentally disruptive technologies across artificial intelligence, simulation, quantum technologies, and complex engineering.The foregoing does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service offered by Parkway or any other third party.Arcapita is a global alternative investments firm focused on private equity and real estate, with a track record of over 30 years and a total transaction value of more than $32 billion.