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.
The fund began targeting foreign companies a year after launch with a first investment in US SaaS provider Bigtime in September 2011. This was followed by investments in ThinkGrid, a UK headquartered global cloud company; the US website security startup StopTheHacker; and French mobile analytics provider Capptain.
