United States · Investor

PAR Capital Management

Last cheque observed Jun 2012. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietGrowth equity

Series BSeries CVentureCloud ComputingCyber SecurityTravel

Cheques on record
0%of best year0cheques in 12 months, 13 on record
Since the last cheque5250days00hrs00min00sec
Median round$21MRounds led0 of 13Sole investor5 roundsExits5 from the portfolioMostly inUnited States, 100%
Pitch PAR Capital Management

PAR Capital Management highlights

  1. 01

    13 rounds on record

  2. 02

    Mostly Series B and Series C: 46% of its rounds

  3. 03

    Sole investor in 5 rounds, median $21M

  4. 04

    5 exits from the portfolio

What they do

Type
Growth equity (from a list, unverified)
Cheque size
Not stated
Sectors
Cloud ComputingCyber SecurityTravel
Based in
Boston, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first13 appearances

  1. 2012

    1 round

  2. Jun
    Row44Venture · US · finsmes.com$45MWith 1 other
  3. 2010

    1 round

  4. Sept
    Row44Series B · US · paidcontent.org$37MSole investor
  5. 2009

    1 round

  6. Nov
    LumexisVenture · US · airfax.com$15MWith 2 others
  7. 2008

    3 rounds

  8. Sept
    RiffTraxSeries E · US · biz.yahoo.com$5.0MWith 1 other
  9. May
    Row44Series A · US · thealarmclock.com$21MSole investor
  10. Apr
    AeroSat CorporationSeries C · US · xconomy.com$14MWith 2 others
  11. 2007

    3 rounds

  12. Oct
    CommPartnersVenture · US$11MSole investor
  13. Sept
    ZillowSeries C · US$30MWith 3 others
  14. Jan
    FarecastSeries C · US · farecast.com$12MWith 5 others
  15. 2006

    3 rounds

  16. Jul
    ZillowSeries B · US · techcrunch.com$25MSole investor
  17. Jan
    ITA SoftwareGrowth · US$100MWith 4 others
  18. Jan
    ITA SoftwareSeries A · US · itasoftware.com$100MWith 4 others
  19. 2003

    1 round

  20. Nov
    Legend FilmsSeries B · US$1.0MSole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration4 named

MDMarc Daniel ZimmanShareholder/Vice PresidentiForm ADV
PAPaul Arlington ReederShareholder/PresidentiForm ADV
SMSteven Michael SmithShareholder / Chief Operating Officer, General Counsel and Chief Compliance OfficeriForm ADV
WDWilliam David MoeykensVice President of FinanceiForm ADV

We also hold 6 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$1.5Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
PAR Capital Management, Inc.
SEC number
CRD 156596

Funds on its Form ADV

1 private fund, $2.8B in gross assets · filed Mar 2024

  1. PAR Investment Partners, L.P.Hedge85 investors$2.8B

Exits from the portfolio

Companies it backed that were later bought or listed5 in all

Row44Bought by Advanced Inflight Alliance$430MNov 2012
ZillowListed$205MJul 2011
CommPartnersBought by Momentum TelecomUndisclosedMay 2011
ITA SoftwareBought by Google$700MApr 2011
FarecastBought by Microsoft$115MApr 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as PAR Capital Management. A count of rooms they were both in, not a relationship either has claimed.

Quick answers about PAR Capital Management

What does PAR Capital Management invest in?

PAR Capital Management invests most often at Series B and Series C (46% of the rounds on record), in sectors such as Cloud Computing, Cyber Security and Travel.

How active is PAR Capital Management?

13 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2012.

How big are PAR Capital Management's cheques?

The median round it joins is $21M.

Does PAR Capital Management lead rounds?

Rarely, if at all: none of its 13 investments on record names it as the lead.

Where does PAR Capital Management invest?

Most of the companies it backs are in the United States (100%).

Is PAR Capital Management investing now?

No investments in the last 12 months; the latest was in Jun 2012.

Who does PAR Capital Management invest alongside?

Most often Battery Ventures (2 rounds together), General Catalyst (2 rounds together) and Sequoia Capital (2 rounds together).

What kind of investor is PAR Capital Management?

PAR Capital Management is a growth equity firm based in Boston, United States.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it