# Parkway Venture Capital

> Parkway Venture Capital is a New York firm that writes early, concentrated checks into deep-technology companies - humanoid robotics, quantum computing, AI simulation and complex engineering. Founded in 2019 by two operators who sold a generative-design software company to PTC, Parkway ran the round that valued Figure AI at $39 billion and put early money into SandboxAQ, xAI, Pasqal and OXOS Medical. It is small on headcount and unusually hands-on, treating a handful of bets a year as companies to help build rather than a portfolio to diversify.

- **Founded:** 2019
- **Headquarters:** New York, United States
- **Founders:** Jesse Coors-Blankenship (Co-Founder & General Partner), Gregg Hill (Co-Founder & General Partner)
- **Team size:** About 15
- **Products:** Series A leadership in deep tech, Operator-led company building, Later-stage conviction rounds
- **Notable:** Led Figure AI's Series C of more than $1 billion, at a reported $39 billion valuation (2025)., Early backer of SandboxAQ, the quantum-and-AI enterprise company spun out of Alphabet., Portfolio includes multiple unicorns across robotics, quantum and AI.

## Products & services

- **Series A leadership in deep tech** — Parkway typically leads Series A rounds in AI, simulation, quantum, ubiquitous data and complex-engineering companies, taking an active board and advisory role for roughly five years.
- **Operator-led company building** — Beyond capital, the founders draw on their own operating history to help portfolio founders de-risk product, hiring and go-to-market decisions.
- **Later-stage conviction rounds** — Parkway also leads and joins later, larger rounds in breakout companies, as with the $1B+ Series C it led for Figure AI.

## Achievements

- Led Figure AI's Series C of more than $1 billion, at a reported $39 billion valuation (2025).
- Early backer of SandboxAQ, the quantum-and-AI enterprise company spun out of Alphabet.
- Portfolio includes multiple unicorns across robotics, quantum and AI.
- Reported a near-100% success rate on its concentrated portfolio, per its founders.
- Realized exits including Frustum (to PTC) and OnScale (a reported 4.5x).

## Latest updates

- **2025-09** — Parkway led Figure AI's Series C of over $1 billion at a reported $39 billion valuation, with Brookfield Asset Management among the investors.
- **2024-04** — Founders Jesse Coors-Blankenship and Gregg Hill detailed the firm's concentrated, operator-led thesis in a Forbes profile.

## Links

- Website: https://parkway.vc
- LinkedIn: https://www.linkedin.com/company/parkway-venture-capital-llc

---

Profile page: https://yespress.io/parkway-venture-capital
Published by YesPress — https://yespress.io
Last updated: 2026-08-15