Runa Capital eyes $100m for Fund III, registers first commitments

Palo Alto VC Runa Capital is aiming to pull in $100m for its third fund, as the firm also registers its first capital commitments for the vehicle with US regulators.

Runa Capital Fund III has secured just over $1.2m of commitments from seven investors, an SEC filing shows.

Runa is looking to raise up to $100m for the fund, the filing shows, however managing partner Dmitry Chikhachev said the fund total is expected to be approximately $135m and deployed within four years, according to a report by Unquote from January last year.

The fund is expected to close within the next 12 months as looks to back startups in North America, Europe and Asia. Runa typically invests between $1m and $10m in early stage investment rounds, according to its website.

Runa targets early stage startups within the B2B Saas, deep tech, FinTech, healthcare and education sectors. The firm has backed over 60 companies in 12 countries, including deep tech startups such as Digital Genius and peer-to-peer lenders like Zopa.

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