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Runa Capital, an international VC firm HQ’d in Silicon Valley says it has now closed $70 million for its third fund aimed at backing early-stage startups in so-called ‘DeepTech’. Runa says it is aiming for a $135 million final target for Runa Fund III. Last year, its total funding in the U.S. increased by 30 percent, tallying just shy of $100 billion across more than 5,500 deals, according to PwC and CB Insights.
Runa already has $270 million under management from its first two funds and is best known for backing mobile banking startup Final (acquired by Goldman Sachs), web server NGINX (acquired by F5 Networks), the mobile app analytics French Capptain (acquired by Microsoft), and the cloud banking platform Mambu. Its most recent investment was Acumatica acquired by private equity fund EQT Partners.
Founders - Serguei - Beloussov - Ilya - Zubarev
Founders Serguei Beloussov, Ilya Zubarev and Dmitry Chikhachev launched Runa Capital in 2011 and raised $135 million for Runa I, followed by a second fund of the same size in 2015. Beloussov and Zubarev are serial entrepreneurs who created several global enterprise software companies including Acronis, Parallels and Acumatica.
Runa Capital typically invests between $1 million and $10 million in early-stage companies...
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