# Parkway Founders

Parkway Founders is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 540 Madison Ave, Suite 20B, New York, NY 10022, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** parkway.vc
- **LinkedIn:** https://www.linkedin.com/company/parkway-venture-capital-llc

## About

Parkway Founders is an SEC-registered investment adviser in New York, NY, registered since 2022. It is based at this location.

## Sectors

- AI/ML
- Robotics & Automation
- Simulation & Digital Twins
- SpaceTech
- Energy Transition & Renewables
- Digital Health
- Enterprise Software
- FinTech
- Real Estate

## Offices

- Winter Park, FL, United States

## People

- Jesse Coors-Blankenship — Co-founder, General Partner
- Gregg Hill — Co-founder, General Partner
- Robert Bibow — Managing Partner
- Nekeshia Woods — Managing Partner
- Brian Hoyt — Chief Operations Officer

## Questions

### Who runs the investment process at 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.

### What is the relationship between Parkway Founders and Hill Gray Seven?

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.

### Does Parkway Founders participate in fund commitments or only direct deals?

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.

### Which sectors does Parkway Founders explicitly target?

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.

### How does the firm source its proprietary deal flow?

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.

### What was the firm’s most notable recent investment?

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.

## Related profiles

- [Parkway Capital Investors](https://altss.com/profile/parkway-capital-investors)
- [Parkway Investment Management](https://altss.com/profile/parkway-investment-management)

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Last updated: 2026-06-03T20:00:00.000Z

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