Runa Capital, an international VC firm, has relocated its HQ to Luxembourg.
The company continues investing in both US and European markets, with the relocation emphasing its increased attention and presence in Europe. In addition, London-based Konstantin Vinogradov and San Francisco-based Michael Fanfant will take the roles of General Partners and will be responsible for overseeing the fund’s investment strategy and exploring new opportunities.
Vinogradov originally joined Runa Capital back in 2012 as a Junior Analyst and has risen through the ranks investing in enterprise software, open-source and machine learning applications in Europe. He developed and now curates the ROSS Index every quarter — the index highlights the fastest-growing startups in the open-source ecosystem.
Fanfant has been mostly focused on fintech and the US market, previously сo-founded fintech startup Octane Lending, which reached a valuation of over $900 million in 2021.
Founded in 2010 by serial entrepreneurs behind global tech companies Acronis and Parallels, Runa Capital made 100+ early-stage investments in Europe and North America, including Mambu, Brainly, Zopa, Pasqal, MariaDB, Lendio and Smava. The fund also invested in such companies as Nginx (acquired by F5 for $700M), Ecwid (acquired by Lightspeed for $500M), Acumatica (acquired by EQT), and Drchrono (acquired by EverCommerce). Runa Capital operates globally with partners spread across Luxembourg, London, Berlin, San Francisco, and Palo Alto.
Runa Capital was one of the first LPs and supporters in the 1confirmation fund, which was launched by Runa’s former Principal Nick Tomaino and secured such LPs as Peter Thiel, Marc Andreessen and Mark Cuban. Besides many investments, 1confirmation led a $2M seed round of OpenSea, now valued at $13.3 billion.
The firm is also led by Dmitry Chikhachev, General Partner & Co-founder.