Runa Capital completed the final closing on its $157 million Fund III, which they say will add more focus on quantum computing, according to TechCrunch.
We have added Runa to our investor market map under Deep Tech.
The San Francisco-based VC said that the final tally on the fund exceeded its original target of $135 million.
Runa’s founders include Serguei Beloussov and Ilya Zubarev who founded Parallels in 1999 (web hosting automation and virtualization company) and Acronis in 2003 (global cyber protection company that later became a unicorn after a $147M round by Goldman Sachs in 2019).
Dmitry Chikhachev, co-founder and managing partner of Runa Capital, said in a statement: “We are excited to see many of our portfolio companies’ founders investing in Runa Capital III, along with tech-savvy LPs from all parts of the world, who supported us in all of our funds from day one… We invested in deep tech long before it became the mainstream for venture capital, betting on Nginx in 2011, Wallarm and ID Quantique in 2013, and MariaDB in 2014.”
The firm usually invests between $1 million and $10 million in early-stage companies, predominantly Series A rounds. It usually invests in cloud infrastructure, open-source software, AI and machine intelligence and B2B SaaS, in markets such as finance, education and healthcare. However, the firm added that it aims to concentrate on startups in the realm of machine learning and quantum computing.
The fund was launched with $135 million in 2010. In more recent years it has participated or led investments into startups such as NGINX, Zipdrug ($10.8 million); Rollbar this year ($11 million); and Monedo (for €20 million), according to TechCrunch.
Runa operates out of its headquarters in Palo Alto and has offices throughout Europe.