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 Jun 2026, BlueRun Ventures is an active investor, having invested in 178 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 $***** Series A round of Hyper3D Overall, BlueRun Ventures portfolio has seen 2 unicorns, 2 IPOs and 42 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 14 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 178 companies, including 2 unicorns. Their most notable investments are in HPC-AI and VITURE.Their portfolio spans across China, United States, Israel and 8 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 32 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: 36,915 as on May 31, 2026
- Investors: Alcor Fund, Clearstone Venture Partners and 28 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, Rally Ventures 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: 444 as on May 31, 2026
- Investors: Vertex Ventures Israel, Canaan Partners Israel and 10 Others
- Latest Funding Round: Series C, Oct 18, 2011, $*****
- Highlight: Acquired
4. Verve
Provides a privacy first omni channel advertising platform. The platform allows users to capture real time customer location. It allows users to find customers shopping patterns and interests and categorize customers. It enables users to create a microsite and engage the audience by sending personalized ads. It allows users to measure and analyze campaign performance.
Key facts about Verve
- Founded Year: 2005
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $263M
- Employee Count: 514 as on Mar 31, 2026
- Investors: Elderstreet Investments, De Anda Capital and 19 Others
- Latest Funding Round: Series E, Apr 21, 2022, $*****
- Highlight: Acquired
5. Radius
Radius is a predictive marketing and sales platform. Its smart prospecting list application takes the most comprehensive data set on each small and medium-sized business in America and turns it into actionable insights for anyone whose target market is small business. Radius provides prospect data like contact info and business information in addition to social media activity from Facebook, Twitter, Google, Foursquare and more. Radius can sync prospect data to Salesforce or append current leads with better data. Radius is available on the Salesforce App Exchange.
Key facts about Radius
- Founded Year: 1990
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $333M
- Employee Count: 51 - 200 as on Jul 01, 2024
- Investors: Glynn Capital, AME Cloud Ventures and 18 Others
- Latest Funding Round: PE, 2023, $*****
- Highlight: Acquired
BlueRun Ventures' Year-on-Year Investment Trends
BlueRun Ventures has invested in 178 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 Jun 2026, it has made 5 investments in this year. Its most recent first time investment was in Hyper3D and most recent follow-on round was in VITURE.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 0 | 5 |
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 |
Series C | 9 |
Angel | 8 |
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 137 Tech companies, 89 Enterprise (B2B) companies, 83 Consumer (B2C) companies and at least 65 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 49 |
Enterprise Applications | 46 |
High Tech | 21 |
Media & Entertainment | 19 |
FinTech | 17 |
Others | 163 |
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 | 3 |
Others | 8 |
Note: We have considered here, only first round of investments
BlueRun Ventures' recent investments
BlueRun Ventures has made 5 investments in 2026 so far. Hyper3D and AgiLink 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 |
|---|---|---|---|---|---|
Jun 24, 2026 | China | Series A | 1145 | [+3] | |
Jun 24, 2026 | - | Series A | 8580 | [+12] | |
Apr 13, 2026 | United States | Series A | 1706 | [+3] | |
Mar 09, 2026 | China | Seed | 4203 | [+4] | |
Mar 09, 2026 | China | Seed | 9824 | [+4] |
Unicorns in BlueRun Ventures' Portfolio
BlueRun Ventures has 2 unicorns in its portfolio - Silicon Box and Upgrade. The most recent unicorn in their portfolio is Silicon Box. It 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 |
|---|---|---|---|---|---|---|---|
63 | Manufacturer of semiconductor integration solutions using advanced chiplet assembly technology | 2021 | Singapore | Series C | tjazruc | ||
73 | Provider of consumer credit and banking products | 2016 | San Francisco | Series G | nnpasb{ |
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 | 5786 | |
Feb 15, 2002 | Jun 27, 1999 | Series A | 3626 |
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Acquired companies in BlueRun Ventures' Portfolio
42 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 | 7179 | |
Feb 16, 2024 | May 12, 2015 | Series A | 5871 | |
Apr 04, 2023 | Jan 16, 2015 | Series A | 3815 | |
Dec 12, 2022 | Mar 14, 2007 | Series A | 7373 | |
Oct 18, 2022 | Jul 19, 2019 | Series A | 8998 |
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Team profile of BlueRun Ventures
BlueRun Ventures has a team of 14 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 top 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, 700 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: 221 investors entered a company along with BlueRun Ventures. These include investors like Matrix Partners China (5 companies).
- Invested after BlueRun Ventures: A total of 324 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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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
