Fundraising Fox

Runa Capital

Venture capitaloperating company · company profile

Sofia · Pre-Seed–Series B · 19 people tracked

Also known as RUNA CAPITAL ADVISORS LIMITED

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Investment thesis

Runa Capital backs early-stage software and deep tech companies globally, with a particular focus on deeptech, enterprise software, and fintech infrastructure. Built by serial entrepreneurs, the firm partners with founders at the pre-seed, seed, and Series A stages, writing first checks of $0.5-5M. It has made over 100 investments across 14 countries and operates from key locations including Silicon Valley, London, Berlin, Paris, and Luxembourg.

Source: firm website, verified Aug 25, 2026.

Stage
Pre-Seed–Series B
Check
$500K – $5M
HQ
Sofia, California, BG
Leads rounds
Follows
Instruments
Equity
Founded
2010
Last 12 months
1 investment
AUM
$600M
VC funds
5
Tracked investments
240

Team · 19 people

from the firm's website & public directories
Ilya Zubarev· Chairman and Co-Founder
Nicholas Tomaino· Principal

Founder mafia

2 people who came through Runa Capital went on to found or lead other companies.

What they invest in

from 87 of 240 portfolio companies

SaaS ×44AI & Machine Learning ×36Enterprise Software ×33Cloud Computing ×20Data & Infrastructure ×18Developer Tools ×17Fintech ×16Deep Tech ×11

HQs:United States×46France×5Canada×3United Kingdom×3Switzerland×2Germany×2

Who they back

founder profiles across 54 portfolio companies
46%
solo founders
25 of 54 mapped founding teams
71%
repeat founders
of 51 founders with career history
~2 yrs
old at investment
median across 9 dated deals

Founding team size:solo founder×252 founders×173 founders×12

Where their founders studiedfrom 49 founders with education data

University of California, Berkeley ×5The Wharton School ×3University of Michigan ×3Duke University ×2École nationale des ponts et chaussées ×2Harvard Business School ×2INSEAD ×2Stony Brook University ×2

Where their founders worked beforefrom 51 founders with career history

McKinsey & Company ×5Goldman Sachs ×3Cisco ×2Credit Suisse ×2Mistral AI ×2Yandex ×2Yandex Data Factory ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×11

4 founders hold a PhD · 8 hold an MBA (of 48 with degree data)

Investments · 240 tracked

founders shown can be your intro path

By year:2025 · 22023 · 42022 · 32021 · 32020 · 12019 · 22017 · 12016 · 12015 · 22014 · 12011 · 121 dated

AkamaiNASDAQ: AKAM
Akamai TechnologiesNASDAQ: AKAM

Co-investorsFrontier Venture Capital

CloudflareNYSE: NET

Makes Internet applications lightning fast, protects them from attacks, ensures they are always online, and simplifies adding web apps with one click.

Co-investorsCapitalGQualcomm VenturesSilver Lake PartnersTaurus VenturesVenrock

D-Wavedwavesys.comin𝕏NASDAQ: QBTS

D-Wave is a quantum computing company offering both annealing and gate-model systems for solving optimization, simulation, and modeling problems.

Cloud ComputingDeep TechQuantum ComputingBurnaby, US

Diane Nguyen(Executive Officer)inAlan E. Baratz(Executive Officer, Director)John M. Markovich(Executive Officer)Warren Wall(Executive Officer)Jeremy P. Hilton(Executive Officer)Colin Williams(Executive Officer)

Co-investorsDefined VCDraper AssociatesFuture VenturesKensington Capital Partners LimitedPender Growth FundLockheed Martin Ventures

DomoNASDAQ: DOMO
Duolingoduolingo.comin𝕏NASDAQ: DUOL

Duolingo offers app-based language learning through short, game-like lessons that teach reading, writing, listening, and speaking, using AI and language science to personalize the experience.

AI & Machine LearningConsumerEdTechPittsburgh, US

Severin Hacker(Director)Luis von Ahn(Executive Officer, Director)in

BoardBrad Burnham(Director)inAndrew Moore(Director)

Co-investorsCapitalGDrive CapitalFelicis VenturesFirebolt Ventures Management Company, LlcK2 GlobalKleiner Perkins+6 more

FigmaNYSE: FIG
HubSpotNYSE: HUBS
IonQNYSE: IONQ
Kalturakaltura.comin𝕏NASDAQ: KLTR

Kaltura provides AI-powered video platforms for live and on-demand digital experiences that enable brands and organizations to engage audiences and achieve business goals.

AI & Machine LearningEnterprise SoftwareMedia & EntertainmentNew York, US

Ron Yekutiel(Founder)

Co-investors.406 VenturesAvalon Ventures Management, LlcLuminari CapitalMitsui Global InvestmentNGP CapitalSapphire Ventures+3 more

MongoDBmongodb.comin𝕏NASDAQ: MDBDec 2014

MongoDB is a cloud database company that provides Atlas, a multi-cloud data platform for transactional, search, and generative AI workloads, along with enterprise on-premises options and integration tools for developers and partners.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsNew York, US

Dwight Merriman(Director)Eliot Horowitz(Co-Founder & Chief Technology Officer)Chirantan 'CJ' Desai(President & CEO)Sydney Carey(Chief Financial Officer)Dev Ittycheria(Chief Executive Officer)

BoardRoelof Botha(Director)in

Co-investorsAlleyCorpDell Technologies CapitalFlybridge Capital PartnersMaC Venture CapitalNew Enterprise Associates (NEA)Open Field Capital+3 more

PagerDutypagerduty.comin𝕏NYSE: PD

PagerDuty provides a platform for incident response and operations management that enables teams across technical and business functions to respond to critical events in real time.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Alex Solomon(Founder/CTO)inDan Alexandru Solomon(Director)Jennifer Tejada(Executive Officer, Director)Steven Gatoff(Executive Officer)

BoardJohn O'Farrell(Director)Ethan Kurzweil(Director)in

Co-investorsAccelAndreessen HorowitzAurumBaseline VenturesBessemer Venture PartnersBling Capital+14 more

Quantinuumquantinuum.comin𝕏NASDAQ: QNTDec 2023

Quantinuum develops quantum computers and quantum software solutions for applications in drug discovery, healthcare, materials science, cybersecurity, and energy.

Deep TechEnterprise SoftwareQuantum ComputingBroomfield, US

Ilyas Khan(Chief Product Officer)Rajeeb Hazra(President and CEO)inAvinash Palaniswamy(Chief Commercial Officer)Susan Schwamberger(Chief Human Resources Officer and SVP Operations)Jennifer Strabley(VP and General Manager, Compute Products)Waseem Shiraz(Senior VP Strategic Initiatives & Chief of Staff)

Co-investorsEdenBaseKhosla VenturesManta Ray VenturesMESHOwl VenturesPowerhouse Ventures+7 more

Rigetti Quantum Computingrigetti.comin𝕏NASDAQ: RGTI

Rigetti develops quantum computing hardware and systems, leveraging superconducting quantum processing units cooled by dilution refrigerators to enable advanced quantum computation capabilities.

Advanced ManufacturingHardwareQuantum ComputingRoboticsSan Francisco, US

Chad Rigetti(Founder/CEO)in

Co-investorsAlchemist AcceleratorAlpha Intelligence CapitalAME Cloud VenturesAndreessen HorowitzBessemer Venture PartnersDCVC (Data Collective)+12 more

SalesforceNYSE: CRM
Shopifyshopify.caNASDAQ: SHOPOct 2019

Shopify is a commerce platform that enables businesses to build online stores, sell across multiple channels (web, social, marketplace, POS), and manage inventory and orders.

E-commerceRetail TechSaaSOttawa, CA

Amy Shapero(Executive Officer)Craig Miller(Executive Officer)Jeff Weiser(Executive Officer)Joseph Frasca(Executive Officer)Jean-Michel Lemieux(Executive Officer)Brittany Forsyth(Executive Officer)

Co-investorsBright Pixel CapitalData TechDraft Ventures LlcFelicis VenturesFirstMark CapitalOMERS Ventures+2 more

SoFiNASDAQ: SOFI
AnyRoadanyroad.comin✓ verified

AnyRoad provides a platform for managing and optimizing events, tours, classes, and activations for businesses seeking to build brand loyalty and increase return on investment.

Enterprise SoftwareMarketing TechSaaSTravel & HospitalitySan Francisco, US

Jonathan Yaffe(Co-founder)inDaniel Yaffe(Co-founder)in

Co-investorsAndreessen HorowitzPrecursor VenturesRally Ventures Management, LlcDay One Ventures500 GlobalEntrée Capital+5 more

HUBUChubuc.comin𝕏Dec 2021✓ verified

HUBUC provides financial infrastructure and fintech products for small and medium enterprises.

Cloud ComputingEnterprise SoftwareFintechSaaSBarcelona, ES

Hasan Nawaz(Founder)inIgnacio Javierre(Founder)inHasan Nawaz Chaudhary Gujar(Executive Officer, Director)

Co-investors4Founders CapitalY CombinatorVillage GlobalWndrCo

Pasqalpasqal.comin𝕏✓ verified

Pasqal is a quantum computing company that develops high-performance quantum systems using neutral atom technology and software for optimization, simulation, and artificial intelligence applications across industry, science, and government sectors.

AI & Machine LearningDeep TechEnterprise SoftwareQuantum ComputingFrance, FR

Alain Aspect(Founder)

Co-investorsDaphniIsaiQuantonationEni NextTemasekDunamu & Partners+3 more

MyFlickList, Inc.Mar 2022SEC filingmedium confidence

San Francisco, US

Board seatAndre Bliznyuk· per SEC Form D · $4.1M raise · filed Mar 2022

Rogue GamesMar 2021

West Hills, US

Matt Casamassina(Executive Officer, Director)Mike DeLaet(Executive Officer, Director)Eric Williams(Executive Officer, Director)

BoardDmitry Grishin(Director)in

Board seatAndre Bliznyuk· per SEC Form D

Co-investorsGrishin Robotics

1Confirmation
Acumaticaacumatica.comin𝕏

Acumatica provides all-in-one cloud ERP software with industry-specific solutions covering business workflows, dashboards, reporting, and mobile access.

Cloud ComputingEnterprise SoftwareSaaS

Mikhail Shchelkonogov(Founder)in

Co-investorsAccel-KKRAlmaz Capital

Admo
Akhetonicsakhetonics.comin𝕏

Akhetonics develops all-optical computing hardware based on photonic integrated circuits that generate nonlinear optical operations, enabling optical logic gates, analog mathematical operations, optical memory, and quantum feed-forward.

Deep TechHardwareSemiconductors

Leonardo Del Bino(Founder)inMichael Kissner(Founder)in

Co-investorsMatterwave VenturesRheingau Founders468 CapitalBayern Kapital

Alanalan.comin𝕏

Alan provides health insurance, provident insurance (prévoyance) and prevention services for self-employed individuals, companies of all sizes, retirees, and public-sector workers, combining coverage with a digital app for reimbursements, telehealth consultations (Clinique Alan), and wellness features.

Digital HealthHealthtechHR TechInsurTech

Charles Gorintin(Founder)inJean-Charles Samuelian-Werve(Founder)in

Co-investorsCoatue ManagementIndex VenturesKima VenturesOriginsPartech VenturesSTATION F+2 more

Altrisaltris.aiin

Altris AI provides an AI platform for analyzing OCT (optical coherence tomography) retina scans, detecting and quantifying 30+ retina pathologies and 40+ biomarkers to support diagnostic decisions, patient triage, and treatment monitoring.

AI & Machine LearningDigital HealthHealthtech

Co-investorsBrincSID Venture Partners

Altris Ai
Ambula
Anatomage
App OnBoard

Los Angeles, US

Jonathan Zweig(Executive Officer, Director)Adam Piechowicz(Executive Officer)

BoardOctavio Herrera(Director)Randy Saaf(Director)

Co-investorsBLN Capital

Appbuddy
Arizearize.comin𝕏

Arize provides observability and evaluation tools for AI systems and large language models, enabling development teams to monitor, debug, and improve AI agents in production.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareMill Valley, US

APARNA DHINKARAN(Director)Jason Lopatecki(President, Chief Executive Officer, Treasurer, and Secretary)inAparna Dhinakaran(Founder)in

BoardDHARMESH THAKKER(Director)inBrett Wilson(Director)inMORGAN GERLAK(Director)

Co-investorsBattery VenturesCollective LiquidityEvolution Equity PartnersFoundation CapitalM12 (Microsoft's Venture Fund)Nimble Partners+5 more

Asayerasayer.ioin𝕏Apr 2022

Asayer (OpenReplay) offers session replay and product analytics software that lets teams record and watch how users interact with their web apps to spot friction points, errors, and drop-offs.

Data & InfrastructureDeveloper ToolsSaaSNew York, US

Mehdi Osman(Executive Officer, Director)

Co-investorsKima Ventures468 CapitalExpaRheingau Founders

Auxmoneyauxmoney.com

Philipp Kriependorf(Founder)in

Co-investorsIndex VenturesUnion Square Ventures (USV)Foundation Capital

Backupagent
Betaworks
Bigblue
Bigtimesoft
Blackpink
Blend
Blue
BPI Francebpifrance.comin𝕏

Bpifrance is a French public investment bank that provides financing to entrepreneurs and businesses through direct funding, guaranteed bank loans, and equity investment.

Fintech

Nicolas Dufourcqin

Brainlybrainly.coDec 2020

Brainly offers an education platform combining an AI tutor with human expert tutors to provide 1:1 homework help, test prep, and grade improvement across school subjects.

AI & Machine LearningConsumerEdTechNew York, US

Michal Borkowski(Executive Officer, Director)Bill Salakin

BoardAdam Valkin(Director)in

Co-investorsGeneral CatalystKulczyk InvestmentsLearn CapitalNaspersPoint NineProsus Ventures

Brainlybrainly.com

Brainly provides 1:1 tutoring combining AI explanations with human expert intervention, targeting K-12 students and their parents seeking affordable academic support across all subjects.

AI & Machine LearningEdTech

PartnerAndre Bliznyuk· led

Co-investorsManta Ray VenturesPoint Nine

Brave
Bunny Net
Capptain

PartnerDmitry Chikhachev· led

Carousellcarousell.com

Singapore-based operator of a mobile-first online classifieds and secondhand marketplace across Southeast Asia, Taiwan and Hong Kong.

Siu Rui Quek(Founder)in

Co-investors500 Startups VietnamAppWorks VenturesEndeavor CatalystGolden Gate VenturesK3 VenturesQuest Ventures+1 more

Cegidcegid.comin

Cegid provides cloud-based software for finance, human resources (including payroll), and retail operations, with AI features for decision-making and task automation.

Cloud ComputingRetail TechSaaSLyon Cedex 09

Florence Poivey(Director)Francis Thomine(Director)Sylvain Jauze(Executive Officer)Nicolas Michel-Vernet(Executive Officer)Patrick Bertrand(Executive Officer, Director)Thierry Luthi(Executive Officer)

Co-investorsSilver Lake PartnersACE & Company

CentOS
Chattermill
Chime
Cinegy
Clarifaiclarifai.comin𝕏

Clarifai developed AI inference technology and compute orchestration software for running and optimizing machine learning models at scale.

AI & Machine LearningCloud ComputingData & InfrastructureNew York, US

Matthew Zeiler(Executive Officer, Director)in

BoardAlbert Wenger(Director)in

Co-investorsBright Pixel CapitalCorazon CapitalGV (Google Ventures)Lux CapitalMenlo VenturesNew Enterprise Associates (NEA)+11 more

Clear
Clearly
Cloudlinux
Cluno

Browse all 240 investments with full details →

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Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 20

IPOs and acquisitions across the tracked portfolio

AkamaiNASDAQ: AKAMAkamai TechnologiesNASDAQ: AKAMCloudflareNYSE: NETD-WaveNASDAQ: QBTSDomoNASDAQ: DOMODuolingoNASDAQ: DUOLFigmaNYSE: FIGHubSpotNYSE: HUBSIonQNYSE: IONQKalturaNASDAQ: KLTRMongoDBNASDAQ: MDBPagerDutyNYSE: PDQuantinuumNASDAQ: QNTRigetti Quantum ComputingNASDAQ: RGTISalesforceNYSE: CRMShopifyNASDAQ: SHOPSoFiNASDAQ: SOFIDrChronoacq. by JoistironSourceacq. by UnityScopely, Inc.acq. by Savvy Games Group

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Runa Capital made?
Runa Capital has 223 tracked investments, 10 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Runa Capital invest at?
Runa Capital invests at the Pre-Seed, Seed, Series A, Series B stages.
What is Runa Capital's typical check size?
Runa Capital typically writes checks of $500K – $5M.
What sectors does Runa Capital focus on?
Runa Capital focuses on Deep Tech, Digital Health, EdTech, Enterprise Software, Fintech, Quantum Computing, SaaS.
Where is Runa Capital located?
Runa Capital is headquartered in Sofia, BG.
Does Runa Capital lead rounds?
Runa Capital typically participates in rounds rather than leading them.
Who does Runa Capital co-invest with?
Runa Capital most often shares deals with Y Combinator, New Enterprise Associates (NEA), Bessemer Venture Partners, among 399 tracked co-investors.

Media · Podcasts & interviews

featuring the team

#162 Dmitry Galperin, Runa Capital

The European VC · Dmitry Galperin

Dmitry Chikhachev - Co-founder and Managing Partner at Runa Capital | Webit.Festival 2016

Webit Global Series · Dmitry Chikhachev

IDCEE 2012: Official Interview with Dmitry Chikhachev (Managing Partner & Co-Founder @Runa Capital)

IDCEE · Dmitry Chikhachev

Images

Runa Capital photoRuna Capital photoRuna Capital photoRuna Capital photoRuna Capital photoRuna Capital photo

Co-investors · 29

New Enterprise Associates (NEA)

New Enterprise Associates (NEA) is a venture capital firm that invests in and provides long-term support to founders building new companies.

$200K – $40M
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
DCVC (Data Collective)

DCVC (Data Collective) is a deep tech venture capital firm that backs entrepreneurs using computational approaches to solve large-scale real-world problems across many industries.

$5M – $25M
Bling Capital

Bling Capital is a seed-stage venture firm that backs entrepreneurs seeking to find and scale product-market fit, supported by its Bling Product Council of over 100 product leaders.

Both backed · 1
$1M – $5M
DN Capital

DN Capital is a global early-stage venture firm founded in 2000, investing in Seed, Series A and select Series B companies across Europe and North America.

Both backed · 1
$100K – $22M
Village Global

Village Global is a venture capital firm that invests in early-stage founders and connects them with a network of experienced operators, angels, and prominent tech LPs.

Both backed · 1
$100K – $500K
S28 Capital

S28 Capital is a venture firm run by former operators and entrepreneurs who invest in and support founders building consumer and enterprise startups.

Both backed · 1
$1M – $5M
Angel Invest

Angel Invest is an early-stage 'super angel' fund based in Berlin that invests in roughly 75 startups per year with typical checks of €125k, coaching each founder for at least a year.

Both backed · 1
$135K
Marathon Venture Capital

Marathon Venture Capital is a seed-stage investor that leads seed rounds and provides hands-on support and expertise to the founders and companies it backs.

Both backed · 1
$250K – $1M
Gradient Ventures

Gradient is a seed-stage venture fund focused on backing founders building artificial intelligence companies, providing hands-on support as builders and mentors.

$100K – $10M
Goat Capital

Goat Capital is a venture capital firm. Its public homepage lists its founders and a contact email but provides limited additional detail.

Pioneer

Pioneer Fund is a venture capital firm investing in the top Y Combinator startups.

17 more co-investors

Buckley Ventures Management Company LlcNot Boring CapitalKortschak Investments L.P.Entrepreneur FirstShaan All AccessEarl Grey Capitalxfactor venturesRavelin CapitalSpace Tech VenturesAvalanche VCSprout Social, Inc.GSV VenturesHorizonFundamental VenturesPNCOpenCapital.vcBegin Capital

Firms observed investing alongside Runa Capital, from public investor directories. Shared companies are the overlap with Runa Capital's recorded portfolio.

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