Runecast Raises €1.6 Million Series Seed

Runecast is the provider of real-time monitoring and predictive analytics for VMware environments. The company transforms VMware’s Knowledge Base into machine-readable predictive action points. The unique solution helps customers switch their VMware maintenance from reactive to predictive. As a result, they reduce outages, increase security and visibility, and minimize risk via continuous compliance with industry best practices, along with significant cost reductions.

Runecast Analyzer has already been deployed across three continents and within large enterprise customers such as Verizon Wireless, German Aerospace Center, Brigham Young University Idaho, FujiSoft, Telit, Zoner, NCC Media, to name a few. Runecast customers span across multiple verticals and industries. This Series Seed will empower Runecast to accelerate its effort and aggressively target VMware’s 500,000+ customers who use the Knowledge Base reactively instead of predictively.

Previously, the start-up had been financed with a €140k investment from pre-seed investor and accelerator Opifer in 2014. The investment brought together an international team of VMware experts who, together, combine more than 40 years of experience in running VMware environments and integrations, most of it while they were designated VMware specialists at IBM.

“I am excited to bring on board some of the best investors our region can offer,” said Stanimir Markov, CEO and co-founder, Runecast. “We will use the new investment primarily to expand our enterprise-level sales force and reseller network.”

Andrej Kiska, partner at Credo Ventures, confirmed Runecast’s strong potential, “Runecast is a superb technical team with global ambitions based in Central Europe. They have spent three years developing a game-changing product for all VMware customers worldwide. That’s exactly the kind of company we at Credo like to invest in."

Michal Jablonka, partner at Limerock Fund Manager said: “This region repeatedly shows that it is capable of nurturing mega-great software companies. We like the Runecast team and their product and we like the way they are poised to help clients not only to react but to prevent and predict. Supported by their investors, Runecast can now grow and expand on a global scale.”

Petr Heyduk, partner at Opifer said: “Runecast is a team of A players with strong technological background and disruptive technology with the proven potential of global growth. Runecast is one of our most successful Pre-seed investments and we‘re planning to invest in similar early stage companies Pre-seed and Seed capital over €5 mil. in the following 3 years.“

Further Information

Please contact Stanimir Markov, CEO and co-founder stan@runecast.biz and visit https://www.runecast.com/

About Credo Ventures

Based in Prague, Czech Republic Credo Ventures is one of the largest venture capital firms focusing on early stage startups in Central Europe. With over EUR 70 MM in assets under management and over 30 investments, Credo focuses on seed and Series A investments across high growth tech verticals.

For more information, please visit www.credoventures.com.

About Limerock Fund Manager

Based in Bratislava, Slovak Republic Limerock Fund Manager is a venture capital operator responsible for JEREMIE Co-Investment Fund, established under auspices of European Investment Fund. Limerock’s mission is to find and support the future successes of growing firms across many sectors.

For more information, please visit www.limerockfund.com

About Opifer Ventures

Venture capital investment company focused on early-stage startups in East and Central Europe. Invested over EUR 2 mil. in 5 companies within the area of disruptive IT and scientific companies with global potential. Typically invests in Pre-seed and Seed stage companies and projects.

For more information, please visit www.opifer.ventures

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