VC Firm Runa Capital Closes Fund III For $157 Million

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Runa Capital

Palo Alto-based Runa Capital, the international venture capital firm has confirmed that it is closing Runa Capital Fund III on $157 million which goes beyond their aim of $135 million. The capital from this fund will be used to invest in the firms working on machine learning and quantum computing.

Runa Capital was launched in 2010 by Andre Bliznyuk, Dmitry Chikhachev, Ilya Zubarev, and Serguei Beloussov. The firm’s most famous investment was NGINX. It has also backed firms like Rollbar, Lendio, Reelgood, Uploadcare, Critizr, F5 Networks, and others.

The firm typically infuses amount ranging between $1 million to $10 million as part of Series A or pre-seed and Series B rounds. It aims segments like cloud infrastructure, open-source software, AI, and machine intelligence.

Chikhachev, the co-founder and the managing partner of the firm talking about the Fund III said that “We are excited to see many of our portfolio companies’ founders investing in Runa Capital III, along with tech-savvy LPs from all parts of the world, who supported us in all of our funds from day one… We invested in deep tech long before it became the mainstream for venture capital, betting on Nginx in 2011, Wallarm and ID Quantique in 2013, and MariaDB in 2014.”

Notably, the firm also got a new venture partner in the form of Jinal Jhaveri, ex-CEO and founder of Schoolmint, a company where Runa Capital had invested. Talking about Runa Capital, Jhaveri said that "I am fortunate to join Runa as a Venture Partner, and I am excited to continue leveraging my prior experience to help entrepreneurs build their companies. I have been making angel and secondary investments for years and love to help other entrepreneurs in their journey.”

 

Image courtesy: The Next Web

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