Dmitry Chikhachev, one of three co-founders of Runa Capital, manages the venture capital firm’s Luxembourg operation. Photo: Runa Capital

Dmitry Chikhachev, one of three co-founders of Runa Capital, manages the venture capital firm’s Luxembourg operation. Photo: Runa Capital

Runa Capital has announced that it will relocate its global HQ to the grand duchy, as it focuses more of its investments on Europe.

The VC outfit Runa Capital said it will shift its global headquarters from Silicon Valley to Luxembourg.

While “the company continues investing in both US and European markets, the relocation emphases its increased attention and presence in Europe,” it in a press release on 13 September.

“We’re establishing Luxembourg as the primary HQ led by our GP Dmitry Chikhachev,” the firm said in a Linkedin .

The firm also promoted Konstantin Vinogradov to general partner in Europe, based in London, and Michael Fanfant to general partner in the US, based in San Francisco. Its other offices are located in Berlin and Palo Alto.

The 12-year-old firm invests in early-stage software firms. “From 2010 to 2022, Runa Capital raised over $500m and invested in more than 100 companies in Europe and North America,” it stated. Notable exits include NGINX, Acumatica, and DrChrono.

Its third fund, Runa Capital Fund III, closed in May 2020 after raising $157m. It launched its fourth fund, Runa Capital Opportunity Fund I, also in May 2020, which the data provider Crunchbase has raised $69m.

Related articles