About Rune
Rune is a company based in New York (United States) founded in 2017.. Rune has raised $2.15 million across 2 funding rounds from investors including Makers Fund, Byfounders and Paul Buchheit. Rune offers products and services including Rune App. Rune operates in a competitive market with competitors including Discord, Guilded, GamerLink, AmongChat and Sonix, among others.
- Headquarter New York, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rune Ai Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.15 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Oct 02, 2019
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Investors
Makers Fund
& 5 more
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Employee Count
Employee Count
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Products & Services of Rune
Rune offers a comprehensive portfolio of products and services, including Rune App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for voice chat and multiplayer games with friends globally.
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Funding Insights of Rune
Rune has successfully raised a total of $2.15M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(01 Jun 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Seed - Rune | Valuation | Makers Fund | |
| Jun, 2019 | Amount | Seed - Rune | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rune
Rune has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Makers Fund, Byfounders and Paul Buchheit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding for games and interactive entertainment.
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Founded Year | Domain | Location | |
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Early-stage centric VC firm investing primarily in the Nordics
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Founded Year | Domain | Location | |
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Angel investments in early-stage ventures are managed by VentureSouq.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rune
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rune
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rune Comparisons
Competitors of Rune
Rune operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Discord, Guilded, GamerLink, AmongChat and Sonix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Group voice, video, and text communication platform is provided.
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| domain | founded_year | HQ Location |
Esports teams are created and managed via Guilded's platform.
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| domain | founded_year | HQ Location |
In-game voice and text chat is enabled for gamers.
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| domain | founded_year | HQ Location |
Voice chat app for online gaming with Among Us friends.
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| domain | founded_year | HQ Location |
Sonix is developed as a voice chat platform for gamers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rune
Frequently Asked Questions about Rune
When was Rune founded?
Rune was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Rune located?
Rune is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Rune a funded company?
Rune is a funded company, having raised a total of $2.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Jun 01, 2019.
What does Rune do?
Rune was founded in 2017 in New York, United States, within the esports and gaming sector. An in-game communication tool is offered to connect gamers with teammates. AI-driven matching is utilized to pair like-minded players for titles including PUBG. Operations focus on facilitating chats and team formation across various esports games, supporting competitive play from a U.S.-based headquarters.
What products or services does Rune offer?
Rune offers Rune App.
Who are Rune's investors?
Rune has 6 investors. Key investors include Makers Fund, Byfounders, Paul Buchheit, VentureSouq, and E14 Fund.
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