Runa Capital Closes $157 Million Capital Fund III With Added Focus on Quantum Computing
(TechCrunch) VC fund Runa Capital has now completed the final closing on its $157 million Runa Capital Fund III, which, they say, exceeded its original target of $135 million. Going forward the firm says it aims to concentrate much of its firepower in the realm of machine learning and quantum computing.
The firm typically invests between $1 million and $10 million in early-stage companies, predominantly Series A rounds, and has a strong interest in cloud infrastructure, open-source software, AI and machine intelligence and B2B SaaS, in markets such as finance, education and healthcare.
Runa operates out of its HQ in Palo Alto to its offices throughout Europe. Its newest office opened in Berlin in early 2020, given Runa Capital’s growing German portfolio.
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.”