Par invests in Amiqus Resolution

Specific financial details of the transaction remain undisclosed, though Par typically takes part in rounds valued at up to £3.5m, according to Unquote Data.

The firm also announced follow-on funding rounds for four portfolio companies, one of which is Oxford-headquartered Adaptix and the remainder of which are all headquartered in Edinburgh: Greengage, Uniklasers and Red61.

The five investments, including that in Amiqus, totalled £4.85m, £2.5m of which came from investor network Par Syndicate, Par EIS Fund and the Scottish Investment Bank. The remaining £2.2m in capital came from "other sources", according to a statement.

Company
Headquartered in Edinburgh and founded in 2015, Amiqus is a developer of online software that automates anti-money-laundering and compliance checks. Its clients include HR, recruitment and professional services businesses.

People
Par Equity – Paul Munn (partner); Graeme Mckinstry (portfolio manager).
Scottish Investment Bank – Kerry Sharp (director).

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