Parkway Founders

Co-founders Jesse Coors-Blankenship and Gregg Hill serve as General Partners and lead investment decisions. Managing Partners Robert Bibow and Nekeshia Woods drive sourcing, due diligence, and portfolio support. Bibow’s background spans Alumni Ventures Group and Sailing Capital; Woods joined from Morgan Stanley and the fintech startup Artivest.

Parkway Founders operates as a venture capital firm, not a single-family office. It raises and deploys external capital and does not manage a single family’s wealth. Gregg Hill maintains a separate real estate operating business, Hill Gray Seven, which is a distinct entity from the venture fund.

Gregg Hill, co-founder of Parkway, is the founder and CEO of Hill Gray Seven, a real estate development company that builds and manages medical, self-storage, multifamily, and retail properties across 15 states. Hill Gray Seven operates independently and does not co-mingle assets with Parkway’s venture funds, though the overlapping principal provides a distinctive dual-asset lens.

Parkway Founders focuses on direct investments in pre-seed through Series B rounds. There is no public evidence the firm makes fund-of-fund commitments or participates as an LP in other venture funds; its model is built around concentrated direct equity positions in companies where the partners can contribute operating experience.

The firm targets deeply technical companies at the intersection of artificial intelligence, simulation, quantum-adjacent computing, and complex engineering. Portfolio concentration in AI-driven robotics (Figure AI), scientific AI (X.ai), and advanced computing (Sandbox AQ) reinforces a narrow frontier-engineering mandate rather than a broad technology strategy.

Jesse Coors-Blankenship’s network as the founder and CEO of Frustum — a core AI company acquired by PTC in 2018 — gives Parkway a technical founder-to-technical founder sourcing channel. Combined with Gregg Hill’s real estate and professional-sports relationships, the partnership accesses venues like Figure AI before hyperscaler-scale capital arrived.

Parkway led the $70 million Series A for Figure AI in 2023, the first-of-its-kind humanoid robotics company. The following year, Figure closed a $675 million Series B from OpenAI and Microsoft (per the firm), marking Parkway’s concentrated, early-stage commitment to the humanoid category ahead of major strategic investors.