Fundraising Fox

Runa Capital

Venture capital

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.

Invests inDeep TechDigital HealthEdTechEnterprise SoftwareFintechQuantum ComputingSaaSFranceGermanyGlobalLuxembourgSilicon ValleySofiaUnited KingdomUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series B
Check
$500K – $5M
HQ
Sofia, California, BG
Leads rounds
Follows
Instruments
Equity
Founded
2010
AUM
$600M
VC funds
5
Tracked investments
225

Team · 19 people

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

What they invest in

from 50 of 225 portfolio companies

Enterprise Software ×26AI & Machine Learning ×24SaaS ×22Cloud Computing ×12Data & Infrastructure ×12Developer Tools ×12Fintech ×8Quantum Computing ×5

HQs:United States×30Canada×2Germany×1Spain×1France×1United Kingdom×1

Investments · 225 tracked

founders shown can be your intro path
AkamaiNASDAQ: AKAM
Akamai TechnologiesNASDAQ: AKAM
CloudflareNYSE: NET

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

D-Wavedwavesys.comin𝕏NASDAQ: QBTS

D-Wave develops quantum computing systems and platforms using both annealing and gate-model technologies to solve optimization and complex computational problems for enterprises and researchers.

Deep TechEnterprise SoftwareQuantum ComputingBurnaby

Kirstjen Nielsen(Director)Diane Nguyen(Executive Officer)Rohit Ghai(Director)John D. DiLullo(Director)Alan E. Baratz(Executive Officer, Director)Roger Biscay(Director)

DomoNASDAQ: DOMO
Duolingoduolingo.comin𝕏NASDAQ: DUOL

Duolingo offers a language-learning app with short, game-like lessons that teach reading, writing, listening, and speaking, using research-based teaching methods and AI to personalize lessons for learners.

AI & Machine LearningConsumerEdTechPittsburgh, US

Andrew Moore(Director)Severin Hacker(Director)Luis von Ahn(Executive Officer, Director)

BoardBrad Burnham(Director)

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)

MongoDBmongodb.com𝕏NASDAQ: MDB

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

Chirantan 'CJ' Desai(President & CEO)Dwight Merriman(Director)Roelof Botha(Director)Sydney Carey(Chief Financial Officer)Dev Ittycheria(Chief Executive Officer)Charles M. Hazard, Jr.(Director)

Pager Dutypagerduty.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)inJennifer Tejada(Executive Officer, Director)John O'Farrell(Director)Steven Gatoff(Executive Officer)Ethan Kurzweil(Director)Dan Alexandru Solomon(Director)

Quantinuumquantinuum.comin𝕏NASDAQ: QNT

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

Deep TechEnterprise SoftwareQuantum Computing<UNKNOWN>, US

Rajeeb Hazra(President and CEO)Avinash Palaniswamy(Chief Commercial Officer)Vimal Kapur(Director)Susan Schwamberger(Chief Human Resources Officer and SVP Operations)George Sherman(Director)Jennifer Strabley(VP and General Manager, Compute Products)

Rigetti 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

SalesforceNYSE: CRM
Shopifyshopify.cain𝕏NASDAQ: SHOP

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

John Phillips(Director)Harley Finkelstein(Executive Officer)Amy Shapero(Executive Officer)Craig Miller(Executive Officer)Jeff Weiser(Executive Officer)Joseph Frasca(Executive Officer)

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 TechSaaSSan Francisco, US

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

Hubuchubuc.comin𝕏✓ 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)

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)

MyFlickList, Inc.SEC filingmedium confidence

San Francisco, US

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

Rogue Games

West Hills, US

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

Board seatAndre Bliznyuk· per SEC Form D

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

Admo
Akhetonicsakhetonics.comin𝕏
Alan
Altris AI

Healthcare AI company automating OCT scan interpretation for ophthalmology and optometry.

Ambula
Anatomage
Appbuddy
Apponboard
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 Software

APARNA DHINKARAN(Director)DHARMESH THAKKER(Director)Brett Wilson(Director)Jason Lopatecki(President, Chief Executive Officer, Treasurer, and Secretary)MORGAN GERLAK(Director)Ashu Garg(Director)

Auxmoneyauxmoney.com
Backupagent
Betaworks
Bigblue
Bigtimesoft
Blackpink
Blend
Blue
Brainlybrainly.co

New York, US

Michal Borkowski(Executive Officer, Director)

BoardAdam Valkin(Director)

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<UNKNOWN>

PartnerAndre Bliznyuk· led

Brave
Bunny Net
Capptain

PartnerDmitry Chikhachev· led

Carousellcarousell.com
Cegid
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)

BoardAlbert Wenger(Director)

Clear
Clearly
Cloudlinux
Cluno
Cmedtech
Cube RMcuberm.comin

Cube RM provides an AI-powered tender management platform for the Life Sciences industry, offering tender discovery, market and competitive intelligence, and pricing optimization tools for pharma and medtech companies.

AI & Machine LearningHealthtechSaaS

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Browse all 225 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.

Frequently asked questions

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.

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 · 28

Andreessen Horowitz

Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.

$500K – $50M
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.

Both backed · 2
$200K – $40M
DCVC (Data Collective)

DCVC (Data Collective) is a venture capital firm that backs founders building companies which apply technology to major challenges across areas such as energy, biotech, agriculture, and machine learning.

Both backed · 1
$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 backed by a network of 400+ founders, operator angels, and prominent LPs from leading tech companies, offering founders access to its network alongside capital.

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
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.

Buckley Ventures Management Company Llc

Buckley Ventures is a venture capital firm that makes concentrated early-stage investments in internet, software, and frontier technology companies.

$300K
16 more co-investors

Not 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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