🏗 Why Build Runway?
The way we look at financials today hasn't changed in over half a millennium. It doesn't just predate computing, it actually predates the popularization of negative numbers. We truly feel that there is an opportunity for a rethink.
🛫 What is Runway?
Runway is a SaaS product that helps you and your team understand your business so you can make better decisions together. Unlike other financial software, Runway is designed to be a consumer-grade product for normal people who aren't accountants, and is fast, intuitive, and social.
Runway reinvents how business financials are presented through modern design and engineering. By bringing clarity, power, and speed to financial data, we help every team become more aligned on the entire business so they can collaborate to make better decisions, faster.
🧮 Problems Runway is Solving
Problem 1: Today, valuable financial data are trapped inside Excel, Quickbooks, Netsuite across the finance team, so it can take days to get any meaningful insight from financial data.
- Solution: Runway is a 10X-100X faster way to get insights from business financials. Through a simple but powerful rethink of how you interact with your financial data, we give operators the power to mold and share their financial data in a way that actually matches their mental model. In summary, Runway helps in *Understanding the Business*.
Problem 2: With financial data and insights pulled manually, strewn across dozens of Excel files and Google Sheets, teams don't have a consistent view of the business and where it's going.
- Solution: Runway is fundamentally a social product, like "Facebook for your Finances". We help leaders distribute responsibility for the expenses and revenue of the company throughout the company, so that everyone on the team can act like owners, with the same context that the business leaders would have. Thus, Runway helps in *Aligning the Team*.
Come join us! We're hiring! 🙋
The way we look at financials today hasn't changed in over half a millennium. It doesn't just predate computing, it actually predates the popularization of negative numbers. We truly feel that there is an opportunity for a rethink.
🛫 What is Runway?
Runway is a SaaS product that helps you and your team understand your business so you can make better decisions together. Unlike other financial software, Runway is designed to be a consumer-grade product for normal people who aren't accountants, and is fast, intuitive, and social.
Runway reinvents how business financials are presented through modern design and engineering. By bringing clarity, power, and speed to financial data, we help every team become more aligned on the entire business so they can collaborate to make better decisions, faster.
🧮 Problems Runway is Solving
Problem 1: Today, valuable financial data are trapped inside Excel, Quickbooks, Netsuite across the finance team, so it can take days to get any meaningful insight from financial data.
- Solution: Runway is a 10X-100X faster way to get insights from business financials. Through a simple but powerful rethink of how you interact with your financial data, we give operators the power to mold and share their financial data in a way that actually matches their mental model. In summary, Runway helps in *Understanding the Business*.
Problem 2: With financial data and insights pulled manually, strewn across dozens of Excel files and Google Sheets, teams don't have a consistent view of the business and where it's going.
- Solution: Runway is fundamentally a social product, like "Facebook for your Finances". We help leaders distribute responsibility for the expenses and revenue of the company throughout the company, so that everyone on the team can act like owners, with the same context that the business leaders would have. Thus, Runway helps in *Aligning the Team*.
Come join us! We're hiring! 🙋
Location: United States, California, San Francisco
Employees: 11-50
Total raised: $27.5M
Founded date: 2020
Investors 7
| Date | Name | Website |
| - | Lightspeed... | lsvp.com |
| - | Long Journ... | longjourne... |
| - | Ali Capita... | alicapital... |
| - | 500 Startu... | 500.co |
| - | Hyphen Cap... | hyphencap.... |
| - | 75 & S... | 75andsunny... |
| - | DO Venture... | doventurep... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 17.07.2023 | Series A | $27.5M | - |
Mentions in press and media 8
| Date | Title | Description |
| 03.10.2024 | The Rise of Ambient Intelligence: Transforming Finance in the AI Era | In the fast-paced world of finance, change is the only constant. CFOs and finance teams are under immense pressure to deliver value and foster collaboration. Traditional methods of backward-looking reporting and controls are no longer suffi... |
| 30.09.2024 | Why finance teams need 'ambient intelligence' [Q&A] | The world is changing faster than ever, putting pressure on CFOs to create more value and be more strategic and collaborative. Finance leaders are not only expected to understand the entire business, but they are also bogged down by the adm... |
| 02.07.2024 | Нейросеть для генерации видео Gen-3 Alpha от Runway стала общедоступной | В июне 2024 года компания Runway представила свою последнюю разработку – модель для генерации видео Gen-3 Alpha, которая теперь доступна всем пользователям. Обученная на огромном массиве видеозаписей и изображений, Gen-3 Alpha позволяет соз... |
| 17.07.2023 | Runway raises $27M to make financial planning more accessible and intelligent | Head over to our on-demand library to view sessions from VB Transform 2023. Register Here Runway, a San Francisco-based startup that aims to reinvent how businesses use financial data, announced today that it has raised $27.5 million in ser... |
| 17.07.2023 | Runway Raises $27.5M in Series A Funding | Runway, a San Francisco, CA-based provider of a strategic planning platform, raised $27.5M in Series A funding. The round, which followed on a $5m seed round led by Andreessen Horowitz, was led by Initialized Capital. The company intends to... |
| 17.07.2023 | Runway lands $27.5M to streamline financial planning for businesses | Siqi Chen, the former president of Sandbox VR, the brick-and-mortar VR experience franchise, didn’t always have a strong grasp of finance. And it’s something he felt self-conscious about. “I’ve always thought it was something for ‘real busi... |
| 11.08.2021 | IMV : Strengthened financial position and extended cash runway with the completion of a $25M financing resulting in pro-forma cash and cash equivalents of $45.8 million on June 30th, 2021 (Form 6-K) | Strengthened financial position and extended cash runway with the completion of a$25M financing resulting in pro-forma cash and cash equivalents of $45.8 million onJune 30th, 2021 Completed the DeCidE1 Phase 2 clinical study in advanced, re... |
| - | Runway Financial | “Understand your business” |