About Runa Capital
Runa Capital is a venture capital firm founded in 2010. It is primarily based out of Luxembourg, Luxembourg. As of Mar 2026, Runa Capital is an active investor, having invested in 120 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Seed round of Axiom Trust Overall, Runa Capital portfolio has seen 3 unicorns, 2 IPOs and 26 acquisitions including key companies like Acumatica, Mambu and MariaDB. A lot of funds co-invest with Runa Capital, with names like Blossom Street Ventures sharing a substantial percentage of its portfolio. Runa Capital has team of 23 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Deals in last 12 months
Runa Capital's List of Top Investments
Runa Capital has a portfolio of 120 companies, including 3 unicorns. Their most notable investments are in Spectrm and Zype.Their portfolio spans across United States, Russia, Germany and 19 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 22 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Runa Capital:1. Acumatica
Provider of cloud enterprise resource planning software for business management. The software provides financial, construction, distribution, manufacturing, and retail management. It also includes professional services, inventory, field service, and order management. The platform offers warehouse management, artificial intelligence, multi-entity accounting, project accounting, payments, CRM, payroll, reporting, commerce connectors, and point-of-sale capabilities.
Key facts about Acumatica
- Founded Year: 2008
- Location: Kirkland (United States)
- Stage: Acquired
- Total Funding till date: $48.3M
- Employee Count: 777 as on May 31, 2026
- Investors: Almaz Capital, Larry-Carter and 5 Others
- Latest Funding Round: Series C, Jun 18, 2018, $*****
- Highlight: Acquired
2. Mambu
Provider of cloud banking platform delivering composable banking and financial experiences. The platform offers core banking functionality, including lending, deposits, and payments. It allows institutions to build and scale financial products. The platform provides tools for integration with other services. It supports the creation of customer-centric offerings.
Key facts about Mambu
- Founded Year: 2011
- Location: Amsterdam (Netherlands)
- Annual Revenue: €133M as on Oct 31, 2024
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $446M
- Employee Count: 782 as on May 31, 2026
- Investors: Tiger Global Management, TCV and 15 Others
- Latest Funding Round: Series E, Dec 09, 2021, $*****
- Highlight: Editors' Pick
3. Panopto
Cloud-based video conferencing management software provider. It offers businesses to manage corporate video assets, webcast executive communications, create online training videos, live stream events, and promote social learning. Universities use the platform to record lectures, employ a flipped classroom learning model, train faculty, and broadcast campus events.
Key facts about Panopto
- Founded Year: 2007
- Location: Seattle (United States)
- Stage: Series B
- Total Funding till date: $48.5M
- Employee Count: 194 as on May 31, 2026
- Investors: Square 1 Bank, SaaS Capital and 9 Others
- Latest Funding Round: Series B, Aug 24, 2016, $*****
- Highlight: Editors' Pick
4. Lendio
Lendio is an online lending marketplace for business loans. It offers loans such as equipment financing, credit lines, short-term loans, accounts receivable financing, merchant cash advance, acquisition loans, and more. It also provides tools for calculating loan amounts according to interest rates & loan terms.
Key facts about Lendio
- Founded Year: 2011
- Location: Lehi (United States)
- Stage: Series E
- Total Funding till date: $82M
- Employee Count: 466 as on May 31, 2026
- Investors: BYU Cougar Capital, Napier Park Global Capital and 20 Others
- Latest Funding Round: Series E, Nov 09, 2020, $*****
- Highlight: Editors' Pick
5. MariaDB
Provider of dbaas platform for enterprises. It enables transactional applications to retain historical data and leverage real-time analytics to provide customers with information and insights. The platform supports transactional, analytical, and mixed workloads for relational and json data models. It supports columnar, distributed, MPP storage.
Key facts about MariaDB
- Founded Year: 2010
- Location: Redwood City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $237M
- Employee Count: 327 as on Mar 31, 2026
- Investors: ServiceNow, Kreos Capital and 20 Others
- Latest Funding Round: Series D, Jan 31, 2022, $*****
- Highlight: Acquired
Runa Capital's Year-on-Year Investment Trends
Runa Capital has invested in 121 companies over the last 16 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Axiom Trust and most recent follow-on round was in Akhetonics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 5 | 1 | 6 |
2023 | 4 | 1 | 5 |
2022 | 13 | 2 | 15 |
2021 | 9 | 3 | 12 |
2020 | 10 | 3 | 13 |
2019 | 10 | 4 | 14 |
2018 | 4 | 2 | 6 |
2017 | 5 | 3 | 8 |
Runa Capital's Investments by Stage
Runa Capital has made 50 investments in Seed stage with an average round size of $2.74M, 50 investments in Series A stage with an average round size of $6.65M, 7 investments in Series B stage with an average round size of $8.75M, 4 investments in Series C stage with an average round size of $24.2M and 1 investment in Series D stage.Stage of entry | No. of Investments |
|---|---|
Seed | 50 |
Series A | 50 |
Series B | 7 |
Series C | 4 |
Series D | 1 |
Note: We have considered here, only first round of investments
Runa Capital's Investments by Sector
Runa Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, FinTech, High Tech and Vertical SaaS. Notably, it has invested in 112 Tech companies, 89 Enterprise (B2B) companies, 86 Software companies and at least 51 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 70 |
Enterprise Infrastructure | 23 |
FinTech | 20 |
High Tech | 18 |
Vertical SaaS | 17 |
Others | 91 |
Note: We have considered here, only first round of investments
Runa Capital's Investments by Geography
Runa Capital has made most investments in United States (48), followed by Russia where it has made 13 investments.Country | No. of Investments |
|---|---|
United States | 48 |
Russia | 13 |
Germany | 12 |
France | 11 |
United Kingdom | 11 |
Others | 23 |
Note: We have considered here, only first round of investments
Runa Capital's recent investments
Runa Capital has made 1 investments in 2026 so far - Axiom Trust.Here are the most recent investments by Runa Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 09, 2026 | United States | Seed | 9159 | ||
Dec 18, 2025 | Switzerland | Series A | 3440 | [+5] | |
Nov 29, 2024 | Germany | Series A | 6330 | [+3] | |
Nov 21, 2024 | Germany | Seed | 6640 | [+1] | |
Nov 19, 2024 | United States | Seed | 3192 | [+5] |
Unicorns in Runa Capital's Portfolio
Runa Capital has 3 unicorns in its portfolio - N8n, Zopa and Mambu. The most recent unicorn in their portfolio is N8n. It became a unicorn in 2025, 5 years after Runa Capital first invested in it.Here is a list of unicorns in Runa Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Developer of platform for AI workflow automation and application integration | 2019 | Berlin | Series C | zmmcxcd | ||
67 | Digital bank offering accounts, loans, credit cards, savings, finance. | 2005 | London | Series H | itjlirf | ||
73 | Provider of cloud banking platform delivering composable banking and financial experiences | 2011 | Amsterdam | Series E | msgenoo |
IPOs and Publicly Listed companies in Runa Capital's Portfolio
2 of Runa Capital's portfolio companies have become public.Here are Runa Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Nov 07, 2012 | Series A | 4460 | |
- | Dec 2011 | Series A | 8701 |
Acquired companies in Runa Capital's Portfolio
26 companies from Runa Capital's portfolio have been acquired. The most recent acquisition was Qnami in Jun 2026 by Quantum Design for $*****.Here are Runa Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 03, 2026 | May 11, 2021 | Series A | 7536 | |
May 29, 2025 | Nov 18, 2013 | Series C | 2012 | |
May 08, 2025 | Oct 15, 2024 | Seed | 8934 | |
May 06, 2025 | - | - | 2628 | |
Apr 15, 2025 | Jun 07, 2017 | Series A | 5595 |
Team profile of Runa Capital
Runa Capital has a team of 23 members including 5 Partners, 1 Venture Partner and 3 Principals located in United States, Italy and 3 more locations. Runa Capital's team sits on the board of 4 companies.Here is a list of top team members in Runa Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berlin | - | ||
Partner | Ukraine | - | ||
Partner | San Francisco | - | - | |
Partner | United States | - | - | |
Partner | Brooklyn | - | ||
Venture Partner | United States | - | - | |
Principal | Singapore | |||
Principal | Milan | - |
Co-investors of Runa Capital
Over the past 16 years, 604 investors have co-invested in Runa Capital's portfolio companies. This includes funds and angels.
- Invested before Runa Capital: Y Combinator, Point Nine and 213 others have invested in rounds before Runa Capital. There are 10 companies where Y Combinator has invested before Runa Capital and 4 companies where Point Nine has invested before Runa Capital.
- Top Co-investors of Runa Capital: 190 investors entered a company along with Runa Capital. These include investors like Blossom Street Ventures (4 companies).
- Invested after Runa Capital: A total of 199 investors have invested in Runa Capital's portfolio after their investments. Top Investors include Spotify (2 companies), Intel Capital (2 companies) and Espresso Capital (2 companies).
Recent News related to Runa Capital
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Axiom Trust Company Raises $11.8M in Total FundingFinSMEs•Mar 10, 2026•Axiom Trust, Wischoff, Primetime Partners, Lightspeed Venture Partners and 1 other
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Enlightra secures $15M to enhance energy-efficient laser links for AI clustersEvertiq•Jan 05, 2026•Y Combinator, Runa Capital, Enlightra, Fusion Fund and 2 others
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Surf AI-Driven Digital Asset Analysis Platform Secures $15 Million Funding RoundCryptobreaking•Dec 11, 2025•Pantera Capital, Coinbase, Surf AI, Digital Currency Group and 41 others
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London’s Archestra.AI secures €2.8M for AI agent security platformSilicon Canals•Aug 14, 2025•Celero Ventures, Zero Prime Ventures, Aloniq, ElevenLabs and 11 others
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Sydecar Raises $11M in Series A FundingFinSMEs•Jan 14, 2025•Sydecar, Runa Capital, Pipeline Capital Partners
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Berlin-based Akhetonics bags €6M to create all-optical processors: Know moreSilicon Canals•Nov 29, 2024•Akhetonics, 468 Capital, Bayern Kapital, Runa Capital and 2 others
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Germany-based Ubitium has Raised $3.7Million in Seed FundingStartup Rise EU•Nov 21, 2024•Ubitium, Runa Capital, Inflection Ventures, KBC Securities
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Twenty Raises $5M in Seed FundingFinSMEs•Nov 19, 2024•Twenty, Runa Capital, HubSpot, Front and 3 others
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Quantum sensing startup qnami complete 3.6 million euros A round A financing-electronic engineering albumeet-china.com•Oct 14, 2024•Qnami, Runa Capital, Sit Mutual Funds, Quantonation and 3 others
