Dmitry Chikhachev with the founders of Ecwid and the CEO of X-cart after two board meetings
One of the fund’s first projects took only a year. In 2011, Runa Capital financed the British cloud platform ThinkGrid, and in 2012 it was acquired by Colt Technology Services. This deal brought the fund a profit of 4.5 times the initial investment. By the end of 2012, assets under Runa Capital management increased to $135 million.
In its first four years, Runa Capital Fund I invested about $100 million in 40 startups, including the language learning platform LinguaLeo, the browser extension developer Metabar, and the educational platform Dnevnik.ru. The average lebanon phone number list investment in each startup ranged from $1 million to $3 million. About 60% of the first fund's investments went to Russian companies.
The success of the first Runa Capital fund became the starting point for further growth of the company. In 2014, the second fund was launched — Runa Capital Fund II. The founders decided not to increase the capital of the first fund in order to avoid possible problems with portfolio valuation.
In May 2016, Runa Capital Fund II announced the completion of its fundraising. The fund had raised $135 million in investments. The total assets of all Runa Capital reached an impressive $270 million, taking into account the capital of the first fund.
The second fund focused on later stages of company formation. The geography also changed, now preference was given to projects from the USA and European countries. The average size of one investment grew to the range of 100 thousand - 10 million dollars. At the same time, as before, the fund focused only on high-tech companies.
Dmitry Chikhachev believed that the creation of a new fund was a logical continuation of the company's evolution. While Runa Capital Fund I focused on early stages, the second fund worked with more mature projects.