# Runa Capital: portfolio, investments and team

> Runa Capital is a vc firm based in Luxembourg. 107 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/runa-capital (Millionrounds; every figure on the page links to its filing or article)

Luxembourg · [Investor](https://millionrounds.com/investors)

# Runa Capital

Last cheque observed Oct 2026; 107 cheques on record.

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Deploying now New fund $1.2M, Jun 2019 VC firm

Seed Series A Series B Finserv AI Artificial Intelligence

Follow Runa Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fruna-capital)

Deploying now

**43%** of best year **3** **cheques in 12 months**, 107 on record

Since the last cheque **18** days **00** hrs **00** min **00** sec

Median round **$7.5M** Cheque size, as they say **$1.0M – $10M** Rounds led **2 of 107** Sole investor **32 rounds** Exits **5 from the portfolio** Mostly in **Germany, 30%**

Pitch Runa Capital

## Runa Capital highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series A and Series B: 60% of its rounds
- 03 Sole investor in 32 rounds, median $2.0M
- 04 5 exits from the portfolio

## What they do

> Runa Capital is a global venture capital firm built by serial entrepreneurs that invests in early-stage software and deep tech startups around the world. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $10M as they say
- **Stages:** Seed Series A Series B
- **Sectors:** Finserv AI Artificial Intelligence
- **Based in:** Luxembourg City, Luxembourg
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **107 appearances**

- **2026** 3 rounds
- **Oct** **[Ubitium GmbH](https://millionrounds.com/company/ubitium-gmbh)** Seed · DE · Silicon Angle **$14M** With 5 others
- **Mar** **[Axiom Trust](https://millionrounds.com/company/axiom-trust)** Seed · US **$12M** With 1 other
- **Mar** **[Enlightra](https://millionrounds.com/company/enlightra)** Venture · CH **Undisclosed** With 4 others
- **2025** 1 round
- **Apr** **[Lumai](https://millionrounds.com/company/lumai)** GB · TechStartups **$10M** With 10 others
- **2024** 7 rounds
- **Nov** **[Akhetonics](https://millionrounds.com/company/akhetonics)** Seed · DE · TechCrunch **$6.3M** With 3 others
- **Nov** **[twenty](https://millionrounds.com/company/twenty)** Seed · US **$5.0M** With 3 others
- **Nov** **[Sydecar](https://millionrounds.com/company/sydecar)** Series A · US **$11M** With 3 others
- **Nov** **[Ubitium](https://millionrounds.com/company/ubitium)** Seed · DE **$3.7M** Sole investor
- **Jul** **[Welinq](https://millionrounds.com/company/welinq)** Venture · FR **Undisclosed** With 5 others
- **Jun** **[Altris.AI](https://millionrounds.com/company/altris-ai)** Venture · US **Undisclosed** With 2 others
- **Feb** **[Monite](https://millionrounds.com/company/monite)** Seed · DE **$6.0M** With 4 others
- **2023** 6 rounds
- **Nov** **[SeeChange](https://millionrounds.com/company/seechange)** Seed · GB **$10M** With 4 others
- **Oct** **[OfficeRnD](https://millionrounds.com/company/officernd)** Venture · GB **Undisclosed** With 4 others
- **Sept** **[PandasAI](https://millionrounds.com/company/pandasai)** Pre-seed · DE **$1.2M** With 2 others
- **Jul** **[Lace Lithography](https://millionrounds.com/company/lace-lithography)** Seed · NO **$496K** With 4 others
- **Jun** **[Spectrm](https://millionrounds.com/company/spectrm)** Series B · DE **$6.5M** With 1 other
- **Jun** **[EchoPixel](https://millionrounds.com/company/echo-pixel)** Venture · US **Undisclosed** With 2 others
- **2022** 5 rounds
- **Oct** **[bunny.net](https://millionrounds.com/company/bunny-net)** Seed · SI **$6.0M** Sole investor
- **Jul** **[Sweatcoin](https://millionrounds.com/company/sweatcoin)** Token sale · GB **$13M** With 4 others
- **Jun** **[getquin](https://millionrounds.com/company/getquin)** Series A · DE **$15M** With 3 others
- **Jun** **[OpenReplay](https://millionrounds.com/company/openreplay)** Venture · US **Undisclosed** With 3 others
- **Jan** **[Sourcery](https://millionrounds.com/company/sourcery)** Seed · GB **$1.8M** With 2 others
- **2021** 5 rounds
- **Dec** **[Cube RM](https://millionrounds.com/company/cube-rm)** Series A · CH **$8.0M** Sole investor
- **Nov** **[emteria](https://millionrounds.com/company/emteria)** Venture · DE **Undisclosed** With 1 other
- **Sept** **[Iconic Finance](https://millionrounds.com/company/iconic-finance)** Seed · US **$2.5M** With 2 others
- **Apr** **[TON Labs](https://millionrounds.com/company/ton-labs)** Series A **$6.0M** With 1 other
- **Mar** **[Rogue Games](https://millionrounds.com/company/rogue-games)** Series A **$2.5M** With 1 other
- **2020** 4 rounds
- **Nov** **[Zype](https://millionrounds.com/company/zype)** Debt **$7.5M** With 3 others
- **Aug** **[Undermyfork](https://millionrounds.com/company/undermyfork)** Seed **$400K** With 1 other
- **Mar** **[Rollbar](https://millionrounds.com/company/rollbar)** Series B **$11M** With 4 others
- **Feb** **[Lendio](https://millionrounds.com/company/lendio)** Series E **$31M** With 3 others
- **2019** 9 rounds
- **Dec** **[Reelgood](https://millionrounds.com/company/reelgood)** Series A · US · TechCrunch **$6.8M** *Led*
- **Dec** **[GOSU Data Lab](https://millionrounds.com/company/gosu-data-lab)** Series B **$2.8M** With 1 other
- **Nov** **[Uploadcare](https://millionrounds.com/company/uploadcare)** US · FinSMEs **$1.7M** With 3 others
- **Sept** **[Kreditech](https://millionrounds.com/company/kreditech)** DE · TechCrunch **$22M** *Led*
- **Jul** **[Brainly](https://millionrounds.com/company/brainly)** PL · FinSMEs **$30M** With 2 others
- **Jun** **[Procurify](https://millionrounds.com/company/procurify)** Series B · CA · FinSMEs **$20M** With 4 others
- **Feb** **[Mambu](https://millionrounds.com/company/mambu)** DE · Fintech **$34M** With 3 others
- **Jan** **[Admo.tv](https://millionrounds.com/company/admo-tv)** Series B · FR · EU-Startups **$6.8M** With 3 others
- **Jan** **[Dashbot](https://millionrounds.com/company/dashbot)** Seed · US · Dashbot **$3.0M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **11 named**

AB **Anastasia Borodina** CFO, CCO (Runa Capital II (GP)) i Form ADV

AB **Andrey Bliznyuk** Shareholder (Runa Capital Advisors Limited) i Form ADV

DC **Dmitry Chikhachev** Shareholder (Runa Capital Advisors Limited) i Form ADV

DG **Dmitry Galperin** Shareholder (Runa Capital Advisors Limited) i Form ADV

GJ **Gary John Carr** Director (Runa Capital II (GP)) i Form ADV

IZ **Ilya Zubarev** Senior Partner and Shareholder (Runa Capital II (GP)) i Form ADV

JJ **John James O'Kelly-Lynch** Director (Runa Capital II (GP)) i Form ADV

KV **Konstantin Vinogradov** Partner and Shareholder (Runa Capital) i Form ADV

MT **Michael Thomas Fanfant** Partner and Shareholder (Runa Capital) i Form ADV

MA **Murat Akuyev** Slo (Runa Capital) i Form ADV

SB **Serguei Beloussov** Director and Partner i Filing they signed

We also hold **20** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$928M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** RUNA Capital Advisors Limited
- **SEC number:** CRD 286601

Who backs their funds

## 2 LPs on record in Runa Capital's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list.

- [**Concentric** 1 fund](https://millionrounds.com/fund/concentric) Fund Vintage Committed Runa Capital - -
- [**Id4 Ventures** 1 fund](https://millionrounds.com/fund/id4-ventures) Fund Vintage Committed Runa Capital - -

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 2 we have independently watched raise

design by Accuraten keephq.dev

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **5 in all**

**[Metabar](https://millionrounds.com/company/metabar)** Bought by [Yandex | Яндекс](https://millionrounds.com/fund/yandex) **Undisclosed** Dec 2014

**[BackupAgent](https://millionrounds.com/company/backupagent)** Bought by Acronis **Undisclosed** Sept 2014

**[Capptain](https://millionrounds.com/company/capptain)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** May 2014

**[StopTheHacker](https://millionrounds.com/company/stopthehacker)** Bought by CloudFlare **Undisclosed** Feb 2014

**[ThinkGrid](https://millionrounds.com/company/thinkgrid)** Bought by Colt Technology **Undisclosed** Aug 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$1.2M**

raised in Jun 2019

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$7.5M** the round, not its cheque Alone, median **$2.0M**

Led 2 of 107 rounds **2%**

- **Said size:** $1.0M – $10M
- **Sole investor:** 32 rounds
- **Last cheque:** Oct 2026
- **Exits:** 5 from the portfolio

Rounds by stage said on their site

- Series A said *34*
- Series B said *20*
- Seed said *18*
- Venture *15*
- Debt *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Point Nine Capital](https://millionrounds.com/fund/point-nine-capital) 5
- [Almaz Capital](https://millionrounds.com/fund/almaz-capital) 4
- [Mantaray](https://millionrounds.com/fund/mantaray) 4
- [Intel Capital](https://millionrounds.com/fund/intel-capital) 3
- [SVB Capital](https://millionrounds.com/fund/svb-capital) 3
- [Tribeca Venture Partners](https://millionrounds.com/fund/tribeca-venture-partners) 3

**Pitching Runa Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Runa Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Point Nine Capital** VC firm **5** rounds together](https://millionrounds.com/fund/point-nine-capital)[**Almaz Capital** VC firm **4** rounds together](https://millionrounds.com/fund/almaz-capital)[**Mantaray** VC firm **4** rounds together](https://millionrounds.com/fund/mantaray)[**Intel Capital** Corporate VC **3** rounds together](https://millionrounds.com/fund/intel-capital)[**SVB Capital** VC firm **3** rounds together](https://millionrounds.com/fund/svb-capital)[**Tribeca Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/tribeca-venture-partners)[**Y Combinator** Accelerator **3** rounds together](https://millionrounds.com/fund/y-combinator)[**468 Capital** VC firm **2** rounds together](https://millionrounds.com/fund/468-capital)[**Blumberg Capital** VC firm **2** rounds together](https://millionrounds.com/fund/blumberg-capital)[**Box** Investment firm **2** rounds together](https://millionrounds.com/fund/box)[**Bruno Bowden** Angel **2** rounds together](https://millionrounds.com/fund/bruno-bowden)[**DFO Management, LLC** Family office **2** rounds together](https://millionrounds.com/fund/msd-capital)

## Recently backed

The latest companies Runa Capital put money into.

[**Axiom Trust** $12M · Mar 2026](https://millionrounds.com/company/axiom-trust)[**Enlightra** Mar 2026](https://millionrounds.com/company/enlightra)[**Akhetonics** $6.3M · Nov 2024](https://millionrounds.com/company/akhetonics)[**Sydecar** $11M · Nov 2024](https://millionrounds.com/company/sydecar)[**Ubitium** $3.7M · Nov 2024](https://millionrounds.com/company/ubitium)[**Altris.AI** Jun 2024](https://millionrounds.com/company/altris-ai)

## On podcasts

2 episodes naming Runa Capital in the title, and 1 more that mention it.

- [VC10X](https://millionrounds.com/podcasts/vc10x) 12 Feb 2023 · 30 min VC10X - How is Series A investing different from pre-seed/seed stage investing? w/ Dmitry Chikhachev, Managing Partner, Runa Capital With [Dmitry Chikhachev](https://millionrounds.com/person/dmitry-chikhachev) Mentions [Runa Capital](https://millionrounds.com/fund/runa-capital) Apple PodcastsShow page
- [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 23 May 2016 · 23 min Angry Bird's movie, e.ventures & Runa Capital's new funds, interview with Partech Ventures and Startup Sesame Mentions [Partech Ventures](https://millionrounds.com/fund/partech)[Runa Capital](https://millionrounds.com/fund/runa-capital)[Roxanne Varza](https://millionrounds.com/fund/roxanne-varza) Apple PodcastsShow page

### Mentioned in

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 30 Oct 2023 · 56 min 20VC: Should Large Crypto Funds Give Money Back to LPs | What Will the Next Generation of Crypto Funds Look Like | What Should Happen with FTX; Who Should be Held to Account | The Future of NFTs & What Happens to Opensea w/ Nick Tomaino @ 1confirmation Apple PodcastsShow page

## Quick answers about Runa Capital

### What does Runa Capital invest in?

Runa Capital invests most often at Series A and Series B (60% of the rounds on record), in sectors such as Finserv, AI and Artificial Intelligence.

### How active is Runa Capital?

107 investments on record, 3 of them in the last 12 months, and it led 2. The most recent was in Oct 2026.

### What has Runa Capital invested in recently?

Its most recent investments on record: Ubitium GmbH (Seed, Oct 2026), Axiom Trust (Seed, Mar 2026) and Enlightra (Venture, Mar 2026).

### How big are Runa Capital's cheques?

The median round it joins is $7.5M. It says it writes cheques of $1.0M to $10M.

### Does Runa Capital lead rounds?

Sometimes: it led 2 of its 107 investments on record (2%).

### Where does Runa Capital invest?

Most of the companies it backs are in Germany (30%), the United States (30%) and the United Kingdom (15%).

### Is Runa Capital investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does Runa Capital invest alongside?

Most often Point Nine Capital (5 rounds together), Almaz Capital (4 rounds together) and Mantaray (4 rounds together).

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