Runa Capital

Runa Capital is an international venture capital firm founded in 2010 by serial entrepreneurs Serg Bell, Dmitry Chikhachev, and Ilya Zubarev. The firm specializes in early-stage investments in deep tech, enterprise software, and fintech infrastructure startups across Europe and North America. With over $500 million in assets under management, Runa Capital has invested in more than 100 companies across 14 countries, including notable firms like Nginx, MariaDB, Zopa, Brainly, drchrono, Smava, and Mambu. The firm's investment stages range from Seed to Series A, with initial checks typically between $0.5 million and $5 million per company. Runa Capital operates offices in Luxembourg, San Francisco, London, Berlin, Paris, Singapore, and Sofia, providing a robust transcontinental network to support founders in scaling their businesses globally. The firm's founding partners have built several global software companies, including Acronis, Parallels, and Acumatica. Runa Capital's investment focus includes deep tech (AI/ML, open source, future of computing), enterprise software, and fintech infrastructure. The firm has a history of successful investments, such as Nginx (acquired by F5 Networks for $700 million), MariaDB, Zopa, Brainly, drchrono, Smava, and Mambu. In October 2024, Runa Capital successfully closed its fourth fund, raising $116 million to accelerate investments in deep tech, enterprise software, and fintech infrastructure. The firm continues to actively deploy capital from Fund IV, investing in high-potential startups across Europe and the US. Runa Capital's team comprises successful serial entrepreneurs and seasoned executives with vast startup experience, enabling them to better understand founders' pain points and identify the best solutions. The firm's investment thesis focuses on supporting founders who are building disruptive companies across three areas: deep tech (AI/ML, open source, future of computing), enterprise software, and fintech infrastructure. Runa Capital's offices are located in Luxembourg, San Francisco, London, Berlin, Paris, Singapore, and Sofia, providing a global presence to support its portfolio companies.