Runa Capital Venture Fund makes first exit from Portfolio Company

Runa Capital Venture Fund makes first exit from Portfolio CompanyRuna Capital Venture Fund made its first exit selling its stake in a cloud project ThinkGrid. The company's assets went to the British Colt Technology Services, a developer of IT-solutions for small and medium businesses. This was reported today by Vedomosti newspaper’s website referring to the statement of the fund and a source close to the customer.

The details and the amount of the transaction were not disclosed, but according to unconfirmed reports of transaction’s participant, Runa Capital received more than $10M while its original investment was $1-3M. The Fund invested in ThinkGrid in 2011, and, as a representative of Runa Capital says, the profit if more than 4.5 times exceeded the investment.

These figures confirm the correctness of the chosen strategies: investing in companies associated with cloud services and cloud infrastructure at early stages of their development, according to the fund.

ThinkGrid is a UK developer of the platform which allows other companies to provide cloud services - Remote Desktop, Virtual Server, IP-telephony, etc. According to the founder of ThinkGrid Rob Lovell, the fund is not only financed the company, but also helped it to set up good relations with providers of cloud services and improve the technical platform.