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 Sep 2026, BlueRun Ventures is an active investor, having invested in 185 companies, with 10 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 $***** Seed round of Violoop AI Overall, BlueRun Ventures portfolio has seen 4 unicorns, 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 12 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 7 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
BlueRun Ventures' List of Top Investments
BlueRun Ventures has a portfolio of 185 companies, including 4 unicorns. Their most notable investments are in VITURE and Kabbage.Their portfolio spans across China, United States, United Kingdom and 9 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 32 other sectors, across stages such as Series A, Seed 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
- Stage: Public
- Total Funding till date: $216M
- Employee Count: 35,811 as on Sep 30, 2026
- Investors: Alcor Fund, Elliott Management and 30 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, Thoma Bravo and 19 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: 452 as on Sep 30, 2026
- Investors: Qualcomm Ventures, Vertex Ventures Israel and 11 Others
- Latest Funding Round: Series C, Oct 18, 2011, $*****
- Highlight: Acquired
4. 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: 278 as on Sep 30, 2026
- Investors: Altos Ventures Management, Korelya Capital and 16 Others
- Latest Funding Round: Series F, Jan 19, 2024, $*****
- Highlight: Editors' Pick
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: Crewe (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $333M
- Employee Count: 7 as on Sep 30, 2026
- Investors: Western Technology Investment, Glynn Capital and 18 Others
- Latest Funding Round: PE, 2023, $*****
- Highlight: Acquired
BlueRun Ventures' Year-on-Year Investment Trends
BlueRun Ventures has invested in 185 companies over the last 27 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Sep 2026, it has made 10 investments in this year. Its most recent first time investment was in Violoop AI and most recent follow-on round was in VITURE.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 10 | 0 | 10 |
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, Seed (28) rounds where average round size is $76.1M and Series B (27) rounds where average round size is $877M.Stage of entry | No. of Investments |
|---|---|
Series A | 87 |
Seed | 28 |
Series B | 27 |
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 144 Tech companies, 97 Enterprise (B2B) companies, 84 Consumer (B2C) companies and at least 67 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 47 |
Enterprise Applications | 46 |
High Tech | 24 |
Media & Entertainment | 19 |
FinTech | 16 |
Others | 165 |
Note: We have considered here, only first round of investments
BlueRun Ventures' Investments by Geography
BlueRun Ventures has made most investments in China (77), followed by United States where it has made 64 investments.Country | No. of Investments |
|---|---|
China | 77 |
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 10 investments in 2026 so far. Violoop AI and VIJO 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 |
|---|---|---|---|---|---|
Sep 02, 2026 | China | Seed | 4626 | ||
Aug 31, 2026 | China | Series B | 1720 | [+4] | |
Jul 06, 2026 | China | Angel | 3621 | [+9] | |
Jun 24, 2026 | United States | Series A | 7788 | [+3] | |
Jun 24, 2026 | - | Series A | 9811 | [+12] |
Unicorns in BlueRun Ventures' Portfolio
BlueRun Ventures has 4 unicorns in its portfolio - Agilink AI, Simplexity Robotics, Silicon Box and others. The most recent unicorn in their portfolio is Agilink AI. It became a unicorn in 2026.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 |
|---|---|---|---|---|---|---|---|
33 | Manufacturer of robotic dexterous hands and industrial adaptive end effectors | - | - | Series A | xdqtdyd | ||
38 | Developer of embodied AI robots integrating foundation models, robotic hardware, and software for autonomous real-world operations | 2025 | Beijing | Seed | dlywvum | ||
70 | A semiconductor packaging company specializing in chiplet integration and panel-level packaging technology | 2021 | Singapore | Series B | uxcfxeu | ||
73 | Online platform provides food ordering and delivery solution | 2020 | Bangkok | Series B | v{rchko |
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 | 4454 | |
Feb 15, 2002 | Jun 27, 1999 | Series A | 9839 |
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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 | 4581 | |
Feb 16, 2024 | May 12, 2015 | Series A | 8677 | |
Jun 22, 2023 | Aug 11, 2021 | Series E | 7056 | |
Apr 04, 2023 | Jan 16, 2015 | Series A | 4315 | |
Dec 12, 2022 | Mar 14, 2007 | Series A | 6938 |
Team profile of BlueRun Ventures
BlueRun Ventures has a team of 12 members including 8 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 | 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, 727 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: 236 investors entered a company along with BlueRun Ventures. These include investors like Matrix Partners China (5 companies).
- Invested after BlueRun Ventures: A total of 336 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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VC Partner Fights IRS Summonses Tied To Korean Tax ProbeLaw360•Sep 22, 2025•Wells Fargo, BlueRun Ventures
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Viture, American Xreal competitor, raised $100 million.Holography•Sep 08, 2025•VITURE, Verity Venture Partners, BAI Capital, Bain Capital and 2 others
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Itshizhi Aerospace raised $120 million in round of financing, and Evolution Engine served as exclusive transaction advisorPEdaily•Mar 26, 2025•BlueRun Ventures, Qiming Venture Partners, Linear Venture, China Everbright and 4 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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Anlin Biotech Completes USD 42 Million Series A FinancingYaorongyun Digital Technology•Dec 19, 2024•Allink Biotherapeutics, BlueRun Ventures, Jianfa Capital
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DreamBig Raises $75M in Series B FundingFinSMEs•Jul 16, 2024•DreamBigSemi, Samsung Catalyst Fund, Samsung, Hanwha and 7 others
