Funding round
Runway Series B
Runway, which works in financial modeling platform development in San Francisco, raised $35M in a Series B round announced on 15 Dec 2021, led by Coatue. 4 firms took part, 3 of them already investors. It is Runway's third venture round on record; the one before was a Series A in Dec 2020.
$35M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Runway did not disclose a valuation in this round. It came 12 months after Runway's Series A. It is 4.3% of the $810M Runway has raised in the venture rounds on record. Runway raised again 18 months later: a Series C round of $141M in Jun 2023, at $1.50B post-money.
Runway's funding rounds
Runway has 6 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2018 $2.0M
- Series A 16 Dec 2020, led by Amplify Partners $8.5M
- Series B this round 15 Dec 2021, led by Coatue $35M
- Series C 29 Jun 2023, led by GV $141M$1.50B post-money
- Series D 3 Apr 2025, led by General Atlantic $308M$3.00B post-money
- Series E 10 Feb 2026, led by General Atlantic $315M$5.30B post-money
Investors
Who put money in
Coatue led the round with 3 other firms. Amplify Partners, Lux Capital and Compound had backed Runway before.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Amplify Partners existing investor
- Lux Capital backs 194 venture-backed companies existing investor
- backs 32 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
1,024 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was close to the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Dec 2021 | $220M | $1.25B | General Atlantic and SoftBank |
| Tech Companies | 20 Dec 2021 | $150M | $1.50B | Altimeter and Coatue |
| CData Tech Companies | 16 Dec 2021 | $140M | not disclosed | Updata Partners |
| Tech Companies | 2 Dec 2021 | $120M | $1.40B | Coatue |
| Tech Companies | 2 Dec 2021 | $95M | not disclosed | D1 Capital Partners |
| Tech Companies | 1 Dec 2021 | $92M | not disclosed | Horizons Ventures |
| Tech Companies | 7 Dec 2021 | $75M | $1.20B | Valor |
| Tech Companies | 28 Dec 2021 | $70M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Runway raise in its Series B round?
Runway raised $35M in its Series B round, announced in Dec 2021.
Who led Runway's Series B round?
Coatue led it, with Amplify Partners, Lux Capital and Compound.
What was Runway's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
1,024 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was close to the median.
Did Runway raise again after this round?
Yes: a Series C round in Jun 2023 of $141M at $1.50B post-money.