Companies · Fintech

Runa, LLCWinter 2018Active

New York · CDMX, Mexico · Fintech · refined from filed group “Other · founded 2017 · http://runahr.com/

Diligence memoA one-page analyst read on Runa, LLC — recommendation, valuation, rhythm, risks.
$12.1M
Total raised · real
7
Rounds
0.3×
Latest step-up
Top 11%
Sector rank · raised
Series A
Latest stage · inferred · Mon Feb 12 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Runa, LLC looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.30× the median modeled value of Series A Fintech companies in 2016–2018 (13 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.4 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Runa, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
17.2 yr record
Peak capital year was 2014 with $6.6M across 1 filings.
Market position
ahead of 90% of Fintech peers
Capital scale is ahead of 90% of Fintech peers; modeled value is above 84% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Some evidence
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • Capital program peaked in 2014: $6.6M across 1 filings.
  • Largest single filing was $6.6M on 2014-10-02.
  • Filing rows sum to $13.3M, while canonical raised total is $12.1M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Fintech

Runa, LLC is one of 1063 Fintech companies tracked from New York, CDMX, Mexico, on record since 2017. By capital raised it ranks among the largest (ahead of 90% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Automating payroll for Latin America.

Runa is a modern, cloud-based payroll and human resources software built for companies in Latin America. Companies can manage payroll, human resources, time tracking, performance management and reporting all in one platform.

FintechPayrollSaaShr/worktech
Find Runa, LLC online

As reported in public records reported — not modeled.

MX
Jurisdiction
Rule 506(b)
Reg D exemption
11
Investors (latest)
2018-02-12
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MPre-Seed · 2009-05-04 Raised $890K (real) Modeled valuation $39M (est)Pre-Seed2009Pre-Seed · 2009-05-04 Raised $615K (real) Modeled valuation $27M (est)Pre-Seed2009Pre-Seed · 2012-04-27 Raised $605K (real) Modeled valuation $26M (est)Pre-Seed2012Pre-Seed · 2012-04-27 Raised $605K (real) Modeled valuation $26M (est)Pre-Seed2012Pre-Seed · 2013-04-05 Raised $700K (real) Modeled valuation $31M (est)Pre-Seed2013Seed · 2013-05-24 Raised $1.2M (real) Modeled valuation $42M (est)Seed2013Seed · 2013-10-14 Raised $300K (real) Modeled valuation $11M (est)Seed2013Series A · 2014-10-02 Raised $6.6M (real) Modeled valuation $190M (est)Series A2014Series A · 2018-02-12 Raised $1.8M (real) Modeled valuation $52M (est)Series A2018+$615K+$605K+$605K+$700K+$1.2M+$300K+$6.6M+$1.8MCumulative $13M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$890K · 2009
Pre-Seed extension$615K · 2009
Pre-Seed extension$605K · 2012
Pre-Seed extension$605K · 2012
Pre-Seed extension$700K · 2013
Seed$1.2M · 2013
Seed extension$300K · 2013
Series A$6.6M · 2014
Series A extension$1.8M · 2018

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$51.9M
Base estimate est.
$2.4M
Conservative case
$282.1M
Upside case
$8.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $39.0M · 2009-05-042009Pre-Seed · modeled $26.9M · 2009-05-04Pre-Seed · modeled $26.5M · 2012-04-27Pre-Seed · modeled $26.5M · 2012-04-27Pre-Seed · modeled $30.7M · 2013-04-05Seed · modeled $41.5M · 2013-05-24Seed · modeled $10.6M · 2013-10-14Series A · modeled $190.3M · 2014-10-02Series A · modeled $51.9M · 2018-02-122018
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
53%
Survival probability
29% low · 72% high
1.51×/yr
Annual markup
1.90×/yr upside case
6.0 yr
Elapsed time used
8.4 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$1.4M/yr
Capital velocity
17.2 yr
On record since
2009
First round
9
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.8× above median
This company$12.1M
Sector median$4.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$1.8M
Sector median$6.1M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$51.9M
Sector median$45.1M

Raised more than 90% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #12 of 13.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Zoona · Series A Raised $15.0M · modeled $430.1M (est)Mines · Series A Raised $13.0M · modeled $372.8M (est)First Boston Bridge Lending Pool II, LLC · Series A Raised $12.0M · modeled $344.1M (est)Paystack, Inc. · Series A Raised $10.2M · modeled $292.6M (est)Mutual Trading Co., Inc. · Series A Raised $22.2M · modeled $234.1M (est)Flex Co · Series A Raised $6.3M · modeled $180.5M (est)SG Credit Partners, Inc. · Series A Raised $6.0M · modeled $172.1M (est)Cloud Lending, Inc. · Series A Raised $6.5M · modeled $172.1M (est)Bankruptcy Management Solutions, Inc. · Series A Raised $5.8M · modeled $136.6M (est)Amino Payments, Inc. · Series A Raised $6.3M · modeled $129.0M (est)Service Trading Company, Inc. · Series A Raised $10.2M · modeled $103.5M (est)Runa, LLC (this company) Raised $12.1M · modeled $51.9M (est)Runa, LLC
CompanyStageRaised · realValue · estvs peer med.
ZoonaSeries A$15.0M$430.1M2.50×
MinesSeries A$13.0M$372.8M2.17×
First Boston Bridge Lending Pool II, LLCSeries A$12.0M$344.1M2.00×
Paystack, Inc.Series A$10.2M$292.6M1.70×
Mutual Trading Co., Inc.Series A$22.2M$234.1M1.36×
Flex CoSeries A$6.3M$180.5M1.05×
SG Credit Partners, Inc.Series A$6.0M$172.1M1.00×
Cloud Lending, Inc.Series A$6.5M$172.1M1.00×
Bankruptcy Management Solutions, Inc.Series A$5.8M$136.6M0.79×
Amino Payments, Inc.Series A$6.3M$129.0M0.75×
Service Trading Company, Inc.Series A$10.2M$103.5M0.60×
Runa, LLC this companySeries A$12.1M$51.9M0.30×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$890K2009-05-04$4.9M$39.0M85%
Pre-Seed$615K2009-05-04$3.4M$26.9M85%
Pre-Seed$605K2012-04-27$3.4M$26.5M85%
Pre-Seed$605K2012-04-27$3.4M$26.5M85%
Pre-Seed$700K2013-04-05$3.9M$30.7M85%
Seed$1.2M2013-05-24$5.9M$41.5M85%
Seed$300K2013-10-14$1.5M$10.6M85%
Series A$6.6M2014-10-02$30.2M$190.3M85%
Series A$1.8M2018-02-12$8.2M$51.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$890K2009-05-04
    • First recorded raise — entered as Pre-Seed.
    • 36 investors on this round.
  2. Pre-Seed$615K2009-05-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 18 investors on this round.
  3. Pre-Seed$605K2012-04-27
    • Raised again after 36 mo — slower than the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  4. Pre-Seed$605K2012-04-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  5. Pre-Seed$700K2013-04-05
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  6. Seed$1.2M2013-05-24
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 18 investors on this round.
  7. Seed$300K2013-10-14
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  8. Series A$6.6M2014-10-02
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 22.1× larger than the prior — scaling up.
    • 22 investors on this round.
  9. Series A$1.8M2018-02-12
    • Raised again after 40 mo — slower than the ~12 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 11 investors on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~13mo cadence
$1.8M
Modeled next size est.range $1.8M$2.9M
0.3×
Last step-up
$1.4M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
B. Luke Weil1 other2014-10
Tyler Gage1 other2014-10
Andrew Timothy Sullican2018-02
Bill Luke Harrington2014-10
Brian Luke Goldberg2014-10
Brian Timothy Krumrei2018-02
Daniel Jacob MacCombie2009-05
Daniel MacCombie2014-10
Greg Timothy Robertson2018-02
Patrick Timothy O'Keefe2018-02
Sebastian Timothy Dreher2018-02
Tammy Timothy Newmark2018-02
Tyler Roger Gage2009-05
Registry & provenance

Runa, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
MX
Jurisdiction
1490218
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
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Lending Market Technology Inc.FintechSeries A$12.9M$44.3Msame sector · same stage
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Wildlife Partners Raleigh Wealth Solutions EBP 2FintechSeries A$11.0M$45.7Msame sector · same stage
DopayFintechSeries A$13.5M$72.7Msame sector · same stage
VersiFi Trading, Inc.FintechSeries A$10.8M$76.5Msame sector · same stage
Glint Pay LtdFintechSeries A$13.6M$3.0Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
doola
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Workpay
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Onfolk
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HR / Worktech75%
Walla Software, Inc.Software / TechSeed$56.4M75%
Deel, Inc.
The all-in-one HR and payroll platform for global teams
FintechGrowth/Late$36.8M75%
Finta
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Frequently asked
How much funding has Runa, LLC raised?
Runa, LLC has raised approximately $12.1M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Runa, LLC's estimated valuation?
Provath's modeled valuation for Runa, LLC is approximately $51.9M (modeled range $2.4M–$282.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Runa, LLC at?
Runa, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Feb 12.
What does Runa, LLC do and where is it based?
Runa, LLC operates in the Fintech sector, based in New York, CDMX, Mexico. Automating payroll for Latin America.
Explore related

See where Runa, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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