East-West Digital News 5 June 2012
Runa Capital announced today that it has increased its holdings from $75 million to $135 million through a private offering with its existing partners. This additional capital will enable the fund to increase its maximum investment size to the $10 million level, compared to $5 million previously.
The fund is also broadening its focus beyond software to include web projects, and is considering investment targets at all stages of maturity.
Established in 2010, Runa initially focused on the domestic market. Today its investments in Russia and Ukraine include the travel service startup Travelmenu.ru, e-commerce solution provider Ecwid, web server publisher Nginx, online procurement platform B2B-center.ru, and cloud-based hosting platform Jelastic.