Funding round
Runway Series C
Runway, which works in financial modeling platform development in San Francisco, raised $141M in a Series C round announced on 29 Jun 2023, led by GV, at a $1.50B post-money valuation. 6 firms took part, 3 of them already investors. It is Runway's fourth venture round on record; the one before was a Series B in Dec 2021.
$141M
Amount raised
$1.50B
Post-money valuation
6
Investors
1 lead
9.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Runway at $1.50B after the new money. The $141M bought investors about 9.4% of the company. It came 18 months after Runway's Series B. It is 17% of the $810M Runway has raised in the venture rounds on record. Runway raised again 22 months later: a Series D round of $308M in Apr 2025, at $3.00B 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 15 Dec 2021, led by Coatue $35M
- Series C this round 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
GV led the round with 5 other firms. Felicis, Lux Capital and Rogue VC had backed Runway before.
Lead investor
- GV backs 428 venture-backed companies new investor
Also in the round
- NVIDIA new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Felicis backs 237 venture-backed companies existing investor
- Lux Capital backs 194 venture-backed companies existing investor
- Rogue VC 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
234 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 3.1 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cohere Tech Companies | 8 Jun 2023 | $270M | $2.20B | Inovia |
| Tech Companies | 29 Jun 2023 | $141M | $1.50B | not named |
| Tech Companies | 15 Jun 2023 | $109M | $353M | not named |
| Tech Companies | 27 Jun 2023 | $100M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 8 Jun 2023 | $88M | not disclosed | ICONIQ Growth |
| Tech Companies | 21 Jun 2023 | $75M | not disclosed | ICONIQ Growth |
| Tech Companies | 12 Jun 2023 | $67M | not disclosed | Koch Disruptive Technologies and Zimmer Partners |
| Cart.com Tech Companies | 27 Jun 2023 | $60M | $1.20B | B. Riley Venture Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Runway raise in its Series C round?
Runway raised $141M in its Series C round, announced in Jun 2023.
Who led Runway's Series C round?
GV led it, with NVIDIA, Salesforce Ventures, Felicis, Lux Capital and Rogue VC.
What was Runway's valuation at the Series C round?
$1.50B post-money.
How does it compare with other Series C rounds in Tech Companies?
234 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 3.1 times the median.
Did Runway raise again after this round?
Yes: a Series D round in Apr 2025 of $308M at $3.00B post-money.