About BlueRun Ventures
BlueRun Ventures is a venture capital firm founded in 1998. It is primarily based out of Menlo Park, United States. As of Jul 2026, BlueRun Ventures is an active investor, having invested in 179 companies, with 7 new investments in the last 12 months. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Angel round of Morph Overall, BlueRun Ventures portfolio has seen 1 unicorn, 2 IPOs and 43 acquisitions including key companies like PayPal, Coupa and Waze. A lot of funds co-invest with BlueRun Ventures, with names like Matrix Partners China sharing a substantial percentage of its portfolio. BlueRun Ventures has team of 10 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 7 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
BlueRun Ventures' List of Top Investments
BlueRun Ventures has a portfolio of 179 companies, one of which is a Unicorn. Their most notable investments are in VITURE and Kabbage.Their portfolio spans across China, United States, United Kingdom and 8 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 33 other sectors, across stages such as Series A, Series B and 7 more. Here is the list of top investments by BlueRun Ventures:
1. PayPal
Provider of online payment solutions, money transfers, and virtual wallets. It facilitates online transactions for individuals and businesses. It offers tools for online checkout, payment links, and invoicing. The platform provides risk management, dispute management, and reporting tools. It allows users to send and receive payments.
Key facts about PayPal
- Founded Year: 1998
- Location: United States
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $216M
- Employee Count: 38,650 as on Jul 31, 2026
- Investors: Alcor Fund, Elliott Management and 29 Others
- Latest Funding Round: Post IPO, Jul 26, 2022, $*****
- Highlight: Public
2. Coupa
Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend. It features solutions for spending management, procurement invoice automation, sourcing, travel and expense management, inventory optimization, contract management, spend analysis, data visualization, payment automation, compliance, and supplier management. It caters to multiple sectors like healthcare, hospitality, life sciences, and manufacturing.
Key facts about Coupa
- Founded Year: 2006
- Location: San Mateo (United States)
- Annual Revenue: $500M - $1B as on Jan 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $169M
- Employee Count: 3,711 as on May 31, 2026
- Investors: Meritech, T. Rowe Price and 18 Others
- Latest Funding Round: Post IPO, Jun 11, 2020, $*****
- Highlight: Acquired
3. Waze
App-based navigation platform offering real-time, community-powered traffic updates. It helps users plan routes, avoid congestion, and receive alerts about hazards, accidents, and road conditions. The platform relies on user-generated data to improve accuracy and provide dynamic routing.
Key facts about Waze
- Founded Year: 2007
- Location: Tel Aviv (Israel)
- Stage: Acquired
- Total Funding till date: $67M
- Employee Count: 442 as on Jul 31, 2026
- Investors: Qualcomm Ventures, Vertex Ventures Israel and 11 Others
- Latest Funding Round: Series C, Oct 18, 2011, $*****
- Highlight: Acquired
4. Zigbang
Web and mobile-based real estate listing platform. It is an apartment search app that enables users to find houses of their choice. It also offers commercial property listings. Users can search for rental & sale properties by the number of rooms, occupants, and price. Its mobile app is available for both Android and iOS devices.
Key facts about Zigbang
- Founded Year: 2012
- Location: Seoul (South Korea)
- Stage: Series D
- Total Funding till date: $142M
- Employee Count: 230 as on May 31, 2026
- Investors: Goldman Sachs Investment Partners, Altos Ventures Management and 23 Others
- Latest Funding Round: Conventional Debt, May 09, 2025, $*****
- Highlight: Editors' Pick
5. My Real Trip
Online retailer of tours, tickets, accommodations, and travel-related services. It provides a platform for booking various travel experiences. These include guided tours, attraction tickets, lodging, and transportation options. The platform facilitates connections between travelers and local service providers.
Key facts about My Real Trip
- Founded Year: 2012
- Location: Seoul (South Korea)
- Annual Revenue: $10M - $50M as on Dec 31, 2023
- Stage: Series F
- Total Funding till date: $98.9M
- Employee Count: 272 as on May 31, 2026
- Investors: Altos Ventures Management, Korelya Capital and 16 Others
- Latest Funding Round: Series F, Jan 19, 2024, $*****
- Highlight: Editors' Pick
BlueRun Ventures' Year-on-Year Investment Trends
BlueRun Ventures has invested in 179 companies over the last 27 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Jul 2026, it has made 6 investments in this year. Its most recent first time investment was in Morph and most recent follow-on round was in VITURE.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 0 | 6 |
2025 | 3 | 0 | 3 |
2024 | 3 | 2 | 5 |
2023 | 4 | 0 | 4 |
2022 | 10 | 2 | 12 |
2021 | 12 | 4 | 16 |
2020 | 3 | 3 | 6 |
2019 | 3 | 4 | 7 |
2018 | 11 | 3 | 14 |
2017 | 8 | 4 | 12 |
BlueRun Ventures' Investments by Stage
BlueRun Ventures is primarily an Early Stage Investor investor majorly investing in Series A (87) rounds where average round size is $733M, Series B (26) rounds where average round size is $863M and Seed (25) rounds where average round size is $76.1M.Stage of entry | No. of Investments |
|---|---|
Series A | 87 |
Series B | 26 |
Seed | 25 |
Angel | 9 |
Series C | 9 |
Others | 6 |
Note: We have considered here, only first round of investments
BlueRun Ventures' Investments by Sector
BlueRun Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Media & Entertainment and FinTech. Notably, it has invested in 139 Tech companies, 91 Enterprise (B2B) companies, 84 Consumer (B2C) companies and at least 66 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 49 |
Enterprise Applications | 46 |
High Tech | 22 |
Media & Entertainment | 19 |
FinTech | 17 |
Others | 162 |
Note: We have considered here, only first round of investments
BlueRun Ventures' Investments by Geography
BlueRun Ventures has made most investments in China (73), followed by United States where it has made 64 investments.Country | No. of Investments |
|---|---|
China | 73 |
United States | 64 |
Israel | 5 |
South Korea | 4 |
United Kingdom | 4 |
Others | 8 |
Note: We have considered here, only first round of investments
BlueRun Ventures' recent investments
BlueRun Ventures has made 6 investments in 2026 so far. Morph and Hyper3D are the latest among them.Here are the most recent investments by BlueRun Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 06, 2026 | China | Angel | 1092 | [+9] | |
Jun 24, 2026 | United States | Series A | 9844 | [+3] | |
Jun 24, 2026 | - | Series A | 6315 | [+12] | |
Apr 13, 2026 | United States | Series A | 9673 | [+3] | |
Mar 09, 2026 | China | Seed | 1766 | [+4] |
Unicorns in BlueRun Ventures' Portfolio
BlueRun Ventures has 1 unicorn in its portfolio - Silicon Box. The most recent unicorn in their portfolio is Silicon Box which became a unicorn in 2024, 2 years before BlueRun Ventures first invested in it.Here is a list of unicorns in BlueRun Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | A semiconductor packaging company specializing in chiplet integration and panel-level packaging technology | 2021 | Singapore | Series B | kbasoip |
IPOs and Publicly Listed companies in BlueRun Ventures' Portfolio
2 of BlueRun Ventures' portfolio companies have become public. Qudian got listed on the New York Stock Exchange (NYSE), in Oct 2017 at marketcap of $7.92B and PayPal got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $42.6B.Here are BlueRun Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 18, 2017 | Apr 2014 | Series A | 7280 | |
Feb 15, 2002 | Jun 27, 1999 | Series A | 8364 |
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Acquired companies in BlueRun Ventures' Portfolio
43 companies from BlueRun Ventures' portfolio have been acquired. The most recent acquisition was Chain Reaction in Sep 2025 by Publicis Groupe for $*****.Here are BlueRun Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 23, 2025 | Feb 23, 2023 | Series C | 2119 | |
Feb 16, 2024 | May 12, 2015 | Series A | 7205 | |
Jun 22, 2023 | Aug 11, 2021 | Series E | 4393 | |
Apr 04, 2023 | Jan 16, 2015 | Series A | 6783 | |
Dec 12, 2022 | Mar 14, 2007 | Series A | 3306 |
Team profile of BlueRun Ventures
BlueRun Ventures has a team of 10 members including 7 Partners and 1 Principal located in United States, China and 1 more location. BlueRun Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in BlueRun Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Menlo Park | - | ||
Partner | San Francisco | - | - | |
Partner | Hangzhou | - | - | |
Partner | Beijing | - | ||
Partner | Israel | - | - | |
Partner | Boulder | - | ||
Partner | Menlo Park | - | ||
Principal | China | - | - |
Co-investors of BlueRun Ventures
Over the past 27 years, 707 investors have co-invested in BlueRun Ventures's portfolio companies. This includes funds and angels.
- Invested before BlueRun Ventures: Lanchi Venture Capital, Zhen Fund and 153 others have invested in rounds before BlueRun Ventures. There are 10 companies where Lanchi Venture Capital has invested before BlueRun Ventures and 3 companies where Zhen Fund has invested before BlueRun Ventures.
- Top Co-investors of BlueRun Ventures: 227 investors entered a company along with BlueRun Ventures. These include investors like Matrix Partners China (5 companies).
- Invested after BlueRun Ventures: A total of 325 investors have invested in BlueRun Ventures's portfolio after their investments. Top Investors include Lanchi Venture Capital (5 companies), Sequoia Capital (3 companies) and Western Technology Investment (3 companies).
Recent News related to BlueRun Ventures
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WeLight Completes Over RMB 100 Million Pre-A Round FundingEastmoney•Mar 09, 2026•HongShan, Weiguang Dianliang Technology, LanChi, Sequoia Capital and 5 others
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Zhiyuan Robotics raised funds againBlue Whale Finance•Mar 24, 2025•Zhiyuan Robot, Tencent, Szlongqi, Wolong Electric Group and 2 others
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DreamBig Raises $75M in Series B FundingFinSMEs•Jul 16, 2024•DreamBigSemi, Samsung Catalyst Fund, Samsung, Hanwha and 7 others
