Runa Capital, a Palo Alto-headquartered venture investment firm with Russian roots, has closed $70 million for its third fund targeting early-stage “deep tech” startups.
The firm started to market this fund a year and a half ago, seeking to raise some $135 million essentially from its existing LPs.
Launched in 2011, Runa Capital’s first fund targeted essentially Russian startups; but the firm quickly switched to a global strategy.
Runa launched its second fund in 2014, ultimately raising $135 million. So far, Runa funds invested in over 60 companies from 12 different countries. Among its exits were, as noted by TechCrunch, the French mobile app analytics Capptain (acquired by Microsoft), mobile banking startup Final (acquired by Goldman Sachs), web server NGINX (acquired by F5 Networks earlier this year for $670 million). The most recent exit was Acumatica, acquired just weeks ago by PE fund EQT Partners.
In total, Runa has invested in 60+ companies in more than 12 countries thus far — equally split between North America and Europe, notes TechCrunch.
Runa Capital raises $70 million to invest in ‘deep-tech’ startupsRead More
