{{Short description|International venture capital firm}} {{Infobox company | name = Runa Capital | logo = runa-capital-logo.png | type = Limited partnership | industry = Venture Capital | founded = {{start date and age|2010}} | founders = {{Unbulleted list|Serg Bell|Dmitry Chikhachev|Ilya Zubarev}} | hq_location_city = Luxembourg | hq_location_country = | num_locations = Luxembourg, London, Berlin, Milan,<ref>{{cite web |url=https://www.wired.it/article/runa-capital-italia-startup/ |title=Runa Capital si fa largo in Italia |author=Michele Chicco |date=27 September 2023 |publisher=Wired |access-date=7 March 2024}}</ref> Paris,<ref>{{cite web |url=https://www.lesechos.fr/start-up/ecosysteme/les-fonds-de-capital-risque-etrangers-misent-plus-que-jamais-sur-la-france-1934254 |title=Les fonds de capital-risque étrangers misent plus que jamais sur la France |author=Charlie Perreau |date=12 April 2023 |publisher=Les Echos |access-date=7 March 2024}}</ref> San Francisco, Palo Alto | num_locations_year = 2023 | area_served = Europe, North America | key_people = {{Unbulleted list|Dmitry Chikhachev|Ilya Zubarev|Andre Bliznyuk|Dmitry Galperin|Konstantin Vinogradov|Michael Fanfant|Jinal Jhaveri}} | aum = $427m (June 2022)<ref name=rc3-2020 /><ref name=rc2-2016 /> | website = {{URL|runacap.com}} }}
'''Runa Capital''' is an international venture capital firm headquartered in Luxembourg that invests in deep tech, enterprise software, and fintech infractructure early-stage startups.<ref>{{cite web |url=https://growthlist.co/blog/europe-saas-investors |title=Meet Europe's most active SaaS investors |publisher=GrowthList |access-date=September 14, 2019}}</ref> From 2010 through 2022, Runa Capital raised around $500 million in 4 funds and invested in over 100 companies in more than 14 countries of Europe and North America, including Nginx, MariaDB, Zopa, Brainly, drchrono, Smava, Brainly and Mambu.<ref name=rc3 /><ref name=num /><ref name=techcrunch-0922>{{cite web |url=https://techcrunch.com/2022/09/13/runa-capital-kicks-off-new-fund-as-it-joins-the-scramble-for-europe/ |title=Runa Capital kicks off new fund as it joins the VC 'Scramble for Europe' by moving to Luxembourg |author=Mike Butcher |date=September 13, 2022 |publisher=TechCrunch |access-date=October 5, 2022}}</ref><ref name=jinaljhaveri-0720>{{cite web |url=https://www.finsmes.com/2020/05/runa-capital-closes-157m-third-fund.html |title=Runa Capital Closes $157M Third Fund and adds Jinal Jhaveri as Venture Partner|author=FinSMEs |date=May 7, 2020 |publisher=FinSMEs |access-date=May 7, 2020}}</ref>
== History == thumb|250x250px|Runa Capital's General Partners (left to right): Michael Fanfant, Ilya Zubarev, Dmitry Galperin, Konstantin Vinogradov, Dmitry Chikachev and Andre Bliznyuk Runa Capital was founded by technological entrepreneurs Serg Bell and Ilya Zubarev (founders of Acronis and Parallels), and their MIPT university friend Dmitry Chikhachev.<ref>{{cite web |url=https://www.networkworld.com/article/2278329/acronis-rolls-out-data-protection-software-for-smbs.html |title=Acronis rolls out data protection software for SMBs |author=Deni Connor |date=April 24, 2008 |publisher=Network World |access-date=September 14, 2019}}</ref> The idea of the venture firm took shape in 2009 and was formally incorporated in 2010.<ref>{{cite web |url=https://www.livemint.com/Companies/XYNpUkMBufj33EF8LmGpOI/Dmitry-Chikhachev--The-need-for-a-home-run-in-portfolio.html |title=Dmitry Chikhachev. The need for a home run in portfolio |author=Joji Thomas Philipp |date=April 17, 2015 |publisher=LiveMint |access-date=September 14, 2019}}</ref> The partners contributed their own money into the first fund and raised capital from friends and other international investors including Achim Weiss and Andreas Gauger, founders of German hosting provider 1&1, and Edward Nicholson, former CEO of Brunswick-UBS.<ref name=rc1>{{cite web |url=https://techcrunch.com/2011/02/03/runa-capital-ups-it-fund-to-50m-for-early-stage-russian-startups-2/ |title=Runa Capital ups it fund to $50m for early-stage Russian startups |author=Steve O'Hear |date=February 3, 2011 |publisher=TechCrunch |access-date=September 14, 2019}}</ref><ref name=rc3 />
In 2011, Andre Bliznyuk joined Runa Capital as a General Partner.<ref>{{cite web |url=https://www.bloomberg.com/profile/person/17291037 |title=Andre Bliznyuk |publisher=Bloomberg |access-date=September 14, 2019}}</ref><ref>{{cite web |url=https://venturebeat.com/2014/07/03/russian-vc-firm-runa-capital-has-a-new-fund-and-its-refocusing-on-european-tech/ |title=Russian VC firm Runa Capital has a new fund, and it's refocusing on European tech |author=Kia Kokalitcheva |date=July 3, 2014 |publisher=VentureBeat |access-date=September 14, 2019}}</ref><ref name="launch">{{cite web |url=https://techcrunch.com/2010/08/02/runa-capitals-30m-fund-for-russian-startups-aims-to-build-bridges-with-europe-and-u-s/ |title=Runa Capital's $30m fund for Russian startups aims to build bridges with Europe and U.S. |author=Steve O'Hear |date=August 2, 2010 |publisher=TechCrunch |access-date=September 14, 2019}}</ref> In 2022, the firm promoted its principals, Konstantin Vinogradov and Michael Fanfant, to general partners focusing on Europe and the U.S., respectively.<ref name=techcrunch-0922 /> In 2023, Serg Bell ceased his involvement in Runa Capital and resigned as a general partner.<ref>{{cite web |url=https://arici.com/business-ventures.html |title=Business ventures |publisher=SB Serg Bell |access-date=7 March 2024}}</ref><ref>{{cite web |url=https://runacap.com/about/ |title=Our Story |publisher=Runa Capital |accessdate=7 March 2024}}</ref> In 2020, the firm added Jinal Jhaveri as a venture partner.<ref name=jinaljhaveri-0720>{{cite web |url=https://www.finsmes.com/2020/05/runa-capital-closes-157m-third-fund.html |title=Runa Capital Closes $157M Third Fund and adds Jinal Jhaveri as Venture Partner|author=FinSMEs |date=May 7, 2020 |publisher=FinSMEs |access-date=May 7, 2020}}</ref><ref name=rc3-2020 /><ref name=rc2-2016>{{cite web |url=https://tech.eu/2016/05/17/runa-capital-second-fund |title=Runa Capital raises $135 million for its second fund |author=Robi Wauters |date=May 17, 2016 |publisher=Tech.eu |access-date=June 27, 2022}}</ref>
Since 2020, Runa Capital operated the so-called Runa Open Source Startup (ROSS) Index, a quarterly ranking of the 20 fastest-growing open-source software startups (in 2023, it also published an annual report on the commercial open-source software trends).<ref>{{cite web |url=https://techcrunch.com/2023/02/01/which-open-source-startups-rocketed-in-2022/ |title=Which open source startups rocketed in 2022? |author=Paul Sawers |date=1 February 2023 |publisher=Techcrunch |access-date=7 March 2024}}</ref><ref>{{cite web |url=https://tech.eu/2024/01/19/these-are-the-fastest-growing-open-source-startups-in-europe-q4-2023/ |title=These are the fastest-growing open-source startups in Europe Q4 2023 |author=Dan Taylor |date=19 January 2024 |publisher=Tech.eu |access-date=7 March 2024}}</ref>
== Funds ==
* Runa Capital I, firm's first namesake fund was launched in 2010, reached its final size of $135 million by 2012<ref>{{cite web |url=http://en.therunet.com/en/news/249/ |title=Runa Capital fund size increased to US$ 135 million |date=June 5, 2012 |publisher=the Runet |access-date=September 14, 2019}}</ref> and was focused on investments from seed to Series B stage.<ref name=ewdn2 /> The initial idea was to fund globally oriented Eastern European startups in the fields of cloud computing, machine learning, virtualization, mobile and internet apps, but later the partners expanded their investment area to Europe and USA.<ref name=paloalto>{{cite web |url=https://www.ewdn.com/2019/07/16/runa-capital-raises-70-million-to-invest-in-deep-tech-startups/ |title=Runa Capital raises $70 million to invest in 'deep-tech' startups |date=July 16, 2019 |publisher=East-West Digital News |access-date=September 14, 2019}}</ref><ref name=launch /> * Runa Capital II was launched in 2014 and reached $135 million by 2016 with large commitments from the first fund's backers.<ref name=paloalto /> The second fund aimed at Series A and B rounds.<ref name=ewdn2>{{cite web |url=https://www.ewdn.com/2016/05/18/runa-capital-closes-second-fund-at-135-million/ |title=Runa Capital raises $135-million second fund |author=Adrien Henni |date=May 18, 2016 |publisher=East-West Digital News |access-date=September 14, 2019}}</ref><ref>{{cite web |url=https://www.ewdn.com/2014/07/04/moscow-based-runa-capital-runa-capital-to-invest-up-to-200-million-in-european-startups/ |title=Moscow-based Runa Capital to invest up to $200 million in European startups |date=June 4, 2014 |publisher=East-West Digital News |access-date=September 14, 2019}}</ref> The firm's new office was opened in California in 2015.<ref>{{cite web |url=https://www.wsj.com/articles/DJFVW00120150715eb7fb2832 |title=Russia's Runa Capital Opens San Francisco Office |author=Lizette Chapman |date=July 15, 2015 |publisher=The Wall Street Journal |access-date=September 14, 2019}}</ref> * Runa Capital III exceeded the target sum of $135 and reached $157 million in May 2020. The third fund followed the focus on deep tech with additional interest towards quantum computing startups.<ref name=paloalto /><ref name=rc3>{{cite web |url=https://techcrunch.com/2019/07/11/runa-capital-closes-70m-for-its-third-fund-aimed-at-early-stage-deeptech/ |title=Runa Capital closes $70M for its third fund aimed at early-stage 'deep tech' |author=Mike Butcher |date=July 11, 2019 |publisher=TechCrunch |access-date=September 14, 2019}}</ref><ref name=rc3-2020>{{cite web |url=https://techcrunch.com/2020/05/06/runa-capital-closes-fund-iii-at-157m-with-an-added-focus-on-quantum-computing/ |title=Runa Capital closes Fund III at $157M, with an added focus on quantum computing |author=Mike Butcher |date=May 6, 2020 |publisher=TechCrunch |access-date=June 27, 2022}}</ref> * Runa Capital Opportunity Fund I was launched in May 2022 and raised $69 million by Autumn 2022.<ref>{{cite web |url=https://delano.lu/article/runa-capital-moves-global-hq-f |title=Runa Capital moves global HQ from California to Luxembourg |author=Aaron Grunwald |date=September 14, 2022 |publisher=Delano |access-date=October 5, 2022}}</ref>
== Investments ==
Runa Capital invests from $1 million to $10 million, largely in Series A rounds. From 2010 through 2022 it invested in over 100 companies, equally split between North America and Europe:<ref name=rc3 /><ref name=num>{{cite web |url=https://runacap.com/companies/ |title=Our Investments |publisher=Runa Capital |access-date=June 27, 2022}}</ref>
{| class="wikitable sortable" style="width: 80%;" |- ! Company !! class="unsortable" | Description !! HQ location !! Invested !! Acquired !! Acquirer |- | Nginx<ref>{{cite web |url=https://www.ewdn.com/2011/10/13/runa-capital-invests-in-nginx-worlds-no-3-web-server/ |title=Top ranking Russian web server Nginx raises $3 million from Russian and international funds |date=October 13, 2011 |publisher=East-West Digital News |access-date=September 14, 2019}}</ref> | Open-source web server | San Francisco<ref>{{cite web |url=https://www.bloomberg.com/profile/company/0283439Z:US |title=Nginx Inc |publisher=Bloomberg |access-date=September 14, 2019}}</ref> | 2011 | 2019 | F5<ref>{{cite web |url=https://www.crn.com/news/cloud/f5-networks-will-buy-nginx-for-670-million |title=F5 Networks Will Buy NGINX For $670 Million |author=Joseph Tsidulko |date=March 11, 2019 |publisher=CRN |access-date=September 14, 2019}}</ref> |- | Mambu<ref>{{cite web |url=https://startuptv.io/en/video/berlin-based-saas-baking-platform-mambu-raises-e30-million/ |title=Berlin-Based SaaS Baking Platform Mambu Raises €30 Million |date=February 21, 2019 |publisher=Startup TV |access-date=September 14, 2019}}</ref> | SaaS banking platform | Berlin | 2012<ref>{{cite web |url=https://nordic9.com/news/mambu-to-get-1-4m-from-point-nine-capital-runa-capital-and-kizoo-news9510264811/ |title=Mambu to get €1.4M from Point Nine Capital, Runa Capital and Kizoo |date=December 10, 2012 |publisher=Nordic9 |access-date=June 27, 2022}}</ref> | — | — |- | Brainly<ref>{{cite web |url=https://www.ewdn.com/2014/10/17/runa-capital-invests-in-global-social-learning-network-brainly/ |title=Runa Capital invests in global social learning network Brainly |date=October 17, 2014 |publisher=Runa Capital |access-date=September 14, 2019}}</ref> | Social learning network | Kraków | 2014 | — | — |- | Anyroad<ref>{{cite web |url=https://www.finsmes.com/2021/03/anyroad-raises-10m-in-series-a-1-financing.html |title=AnyRoad Raises $10M in Series A-1 Financing |date=March 24, 2021 |publisher=FinSMEs |access-date=June 27, 2022}}</ref><ref>{{cite web |url=https://www.finsmes.com/2022/02/anyroad-raises-47m-in-series-b-funding.html |title=AnyRoad Raises $47M in Series B Funding |date=February 25, 2022 |publisher=FinSMEs |access-date=June 27, 2022}}</ref> | Experience relationship management platform | San Francisco, CA | 2021 | — | — |- | Lendio<ref>{{cite web |url=https://techcrunch.com/2013/08/28/with-new-funding-in-tow-lendio-and-creditera-are-helping-small-businesses-secure-loans-and-avoid-bad-credit/ |title=With New Funding In Tow, Lendio And Creditera Are Helping Small Businesses Secure Loans And Avoid Bad Credit |author=Rip Empson |date=August 29, 2013 |publisher=TechCrunch |access-date=June 27, 2022}}</ref> | Loan marketplace for SME | Lehi, UT | 2013 | — | — |- | Pasqal<ref>{{cite web |url=https://tech.eu/2021/06/08/palaiseau-based-atomic-level-quantum-processor-builder-pasqal-raises-e25-million-in-series-a-round/ |title=Palaiseau-based atomic-level quantum processor builder Pasqal raises €25 million in Series A round |author=Dan Taylor |date=June 8, 2021 |publisher=Tech.eu |access-date=June 27, 2022}}</ref> | Quantum computer developer | Palaiseau | 2021 | — | — |- | Smava<ref>{{cite web |url=https://techcrunch.com/2018/01/08/germanys-smava-raises-65m-to-expand-its-consumer-loan-portal/ |title=Germany's Smava raises $65M to expand its consumer loan portal |author=Ingrid Lunden |date=January 1, 2018 |publisher=TechCrunch |access-date=September 14, 2019}}</ref> | Consumer loan portal | Berlin<ref>{{cite web |url=https://www.bloomberg.com/profile/company/0284287Z:GR |title=smava GmbH |publisher=Bloomberg |access-date=September 14, 2019}}</ref> | 2018 | — | — |- | drchrono<ref>{{cite web |url=https://techcrunch.com/2017/04/06/drchrono-raises-12-million-in-series-a-to-take-on-older-ehr-platforms-like-athena-health/ |title=Drchrono raises $12 million in Series A to take on older EHR platforms like athenahealth |author=Sarah Buhr |date=April 6, 2017 |publisher=TechCrunch |access-date=September 14, 2019}}</ref> | Electronic health record platform | Mountain View, CA<ref>{{cite web |url=https://www.bloomberg.com/profile/company/9506414Z:US |title=drchrono Inc |publisher=Bloomberg |access-date=September 14, 2019}}</ref> | 2017 | — | — |- | Zopa<ref>{{cite web |url=https://vc.ru/finance/1740-runa-besshumno-voshla-v-zopa |title=Runa бесшумно вошла в Zopa |language=ru |trans-title=Runa Capital invested in Zopa |date=July 10, 2013 |publisher=VC.ru |access-date=September 14, 2019}}</ref> | Peer-to-peer lending | London | 2013 | — | — |- | MariaDB<ref>{{cite web |url=https://www.ewdn.com/2015/02/27/runa-capital-invests-e3-million-in-open-source-database-solution-provider-mariadb-corp/ |title=Runa Capital invests €3 million in Finnish open source database solution provider MariaDB Corp. |date=February 27, 2015 |publisher=East-West Digital News |access-date=September 14, 2019}}</ref> | Relational database management system | Espoo; Redwood City, CA<ref>{{cite web |url=https://www.bloorresearch.com/company/mariadb/ |title=MariaDB |author=Philip Howard |publisher=Bloor |access-date=September 14, 2019}}</ref> | 2015 | — | — |- | Acumatica | Cloud ERP | Bellevue, WA | 2013 | 2019 | EQT AB<ref>{{cite web |url=https://www.ewdn.com/2019/06/20/almaz-capital-and-runa-capital-exit-from-us-cloud-erp-acumatica/ |title=Almaz Capital and Runa Capital exit from US cloud ERP Acumatica |date=June 20, 2019 |publisher=East-West Digital News |access-date=September 14, 2019}}</ref> |- | Zype<ref>{{cite web |url=https://www.tubefilter.com/2017/10/16/zype-raises-series-a-funding/ |title=Video Distribution Startup Zype Raises $4.9 Million in Series A |author=Jessica Klein |date=October 16, 2017 |publisher=Tubefilter |access-date=June 27, 2022}}</ref> | Video content management platform | New York | 2017 | — | — |- | Reelgood<ref>{{cite web |url=https://techcrunch.com/2019/12/06/reelgood-raises-6-75-million-for-its-universal-streaming-guide/ |title=Reelgood raises $6.75 million for its universal streaming guide |author=Sarah Perez |date=December 6, 2019 |publisher=TechCrunch |access-date=June 27, 2022}}</ref> | San Francisco | Streaming aggregator | 2019 | — | — |- | Zipdrug<ref>{{cite web |url=https://www.alleywatch.com/2019/02/the-alleywatch-nyc-startup-daily-funding-report-2-19-19/ |title=The AlleyWatch NYC Startup Daily Funding Report: 2/19/19 |date=February 19, 2019 |publisher=AlleyWatch |access-date=June 27, 2022}}</ref> | Personalized pharmacy care | New York, NY | 2019 | 2020 | IngenioRx<ref>{{cite web |url=https://www.fiercehealthcare.com/payer/anthem-s-ingeniorx-pbm-to-acquire-zipdrug |title=Anthem's IngenioRx PBM to acquire data-driven pharmacy management company ZipDrug |author=Paige Minemyer |date=July 6, 2020 |publisher=Fierce Healthcare |access-date=June 27, 2022}}</ref> |- | Ecwid<ref>{{cite web |url=https://techcrunch.com/2011/12/14/shopping-cart-software-maker-ecwid-raises-1-5m-expands-to-us-uk/ |title=Shopping Cart Software Maker Ecwid Raises $1.5M; Expands To US, UK |date=December 14, 2011 |publisher=TechCrunch |access-date=June 27, 2022}}</ref> | SaaS-based e-commerce platform | Encinitas, CA | 2011 | 2020 | Morgan Stanley, PeakSpan Capital<ref>{{cite web |url=https://techcrunch.com/2020/05/21/ecwid-raises-42m-from-morgan-stanley-and-peakspan/ |title=Ecwid raises $42M from Morgan Stanley and PeakSpan |author=Ingrid Lundgen |date=May 21, 2020 |publisher=TechCrunch |access-date=June 27, 2022}}</ref> |- | Oxygen<ref>{{cite web |url=https://www.businessinsider.com/oxygen-banking-fintech-startup-raises-fresh-funding-2020-12 |title=Check out the pitch deck 1-year-old San Francisco challenger bank Oxygen used to raise $17 million |author=Callum Burroughs |date=January 4, 2021 |publisher=Business Insider |access-date=June 27, 2022}}</ref> | Digital bank | San Francisco, CA | 2019 | — | — |- | Procurify<ref>{{cite web |url=https://www.pehub.com/canada/2016/11/3420380/ |title=Procurify secures $7 mln in Runa Capital-led Series A round |author=Kirk Falconer |date=November 17, 2016 |publisher=PE Hub Network |access-date=September 30, 2019}}</ref> | Cloud-based procurement software | Vancouver | 2016 | — | — |- | StopTheHacker | Anti-malware | Burlingame, CA | 2012 | 2014 | CloudFlare<ref>{{cite web |url=https://techcrunch.com/2014/02/24/cloudflare-acquires-anti-malware-firm-stopthehacker/ |title=CloudFlare Acquires Anti-Malware Firm StopTheHacker |author=Frederic Lardinois |date=February 24, 2014 |publisher=TechCrunch |access-date=September 14, 2019}}</ref> |- | OfficeRnD<ref>{{cite web |url=https://seenews.com/news/bulgarias-officernd-raises-10-mln-in-funding-round-led-by-us-based-runa-capital-758855 |title=Bulgaria's OfficeRnD raises $10 mln in funding round led by US-based Runa Capital |author=Aleksia Petrova |date=October 27, 2021 |publisher=SeeNews |access-date=June 27, 2022}}</ref> | Flex space operating platform | Sofia | 2021 | — | — |- | Capptain<ref>{{cite web |url=https://techcrunch.com/2012/03/27/russian-money-into-french-clouds-app-analytics-platform-capptain-gets-1-5m-from-runa-capital/ |title=Russian Money Into French Clouds: App Analytics Platform Capptain Gets $1.5M From Runa Capital |author=Ingrid Lundgen |date=March 27, 2012 |publisher=TechCrunch |access-date=September 14, 2019}}</ref> | Mobile analytics | Paris | 2012 | 2014 | Microsoft<ref>{{cite web |url=https://techcrunch.com/2014/05/28/microsoft-buys-capptain-a-mobile-app-management-platform-based-in-paris/ |title=Microsoft Buys Mobile App Management Platform Capptain To Beef Up Azure |author=Ingrid Lunden |date=May 28, 2014 |publisher=TechCrunch |access-date=September 14, 2019}}</ref> |- | bunny.net | Cloud Storage | Ljubljana, Slovenia | 2022 | — | — |}
== Affiliated funds ==
In 2012, Runa Capital established the $30 million Quantum Wave Fund (Qwave) focused on startups in the field of quantum technology, which effectively served as a "materials science" arm for Runa Capital.<ref>{{cite web |url=https://techcrunch.com/2019/07/11/runa-capital-closes-70m-for-its-third-fund-aimed-at-early-stage-deeptech/ |title=Runa Capital closes $70M for its third fund aimed at early-stage ‘deep tech’ |author=Mike Butcher |date=11 July 2019 |publisher=TechCrunch |access-date=7 March 2024}}</ref><ref>{{cite web |url=https://www.cnet.com/news/quantum-computing-goes-mainstream-new-vc-fund-debuts/ |title=Quantum computing goes mainstream? New VC fund debuts |author=Shara Tibken |date=December 10, 2012 |publisher=Cnet |access-date=September 14, 2019}}</ref><ref>{{cite web |url=https://phys.org/news/2012-12-venture-capital-firm-quantum-fund.html |title=Venture capital firm – Quantum Wave Fund – looking to invest $100 million in quantum physics |author=Bob Yirka |date=December 14, 2012 |publisher=Phys.org |access-date=September 14, 2019}}</ref><ref name=rc3 /><ref>{{cite web |url=https://www.zdnet.com/article/sk-telecom-buys-half-of-swiss-quantum-safe-crypto-firm-for-65m/ |title=SK Telecom buys half of Swiss quantum-safe crypto firm for $65m |author=Cho Mu-Huyn |date=February 26, 2018 |publisher=ZDNet |access-date=September 14, 2019}}</ref> In 2019, Runa Capital became a limited partner in the second fund of crypto-focused venture firm 1confirmation.<ref>{{cite web |url=https://www.wsj.com/articles/crypto-venture-fund-1confirmation-seeking-60-million-for-second-fund-11547753064 |title=Crypto Venture Fund 1confirmation Seeking $60 Million for Second Fund |author=Yulia Chernova |date=17 January 2019 |publisher=WSJ Venture Capital |access-date=7 March 2024}}</ref>
== References == {{reflist|30em}}
== External links == * {{Official website|http://runacap.com/}}
Category:Venture capital firms of the United States Category:Financial services companies based in California Category:Companies based in Palo Alto, California Category:Financial services companies established in 2010 Category:2010 establishments in California