Runway – a leading Strategic Planning platform – recently announced $27.5 million in Series A funding led by Initialized Capital to accelerate its vision of empowering all teams to make better business decisions faster. And the funding round, which is Initialized Capital’s most significant investment to date, comes on the heels of Runway’s $5 million seed round led by Andreessen Horowitz.
The company also partnered with Rippling, the leading workforce management platform, to automate headcount planning and sync payroll data. And Qualified Rippling customers now have priority access to Runway, and Rippling has selected Runway as Rippling’s Choice in the FP&A category.
Launched by serial entrepreneur Siqi Chen, Runway is the first Strategic Planning platform purpose-built for high-growth technology companies. And Runway provides an intuitive, collaborative environment for creating financial models, evaluating historical performance, and aligning teams on strategic plans.
Runway replaces static spreadsheets with an elegant, consumer-grade experience. And the platform also seamlessly integrates data from HR, accounting, data warehouses and more, providing a single source of truth for understanding how a business works, allowing teams to collaborate on strategic plans together joyfully.
Through the Series A funding, Runway will grow its engineering, design, and sales teams and invest further in AI to revolutionize strategic planning. .
Runway’s early access program is now open to all Rippling customers and qualified high-growth technology companies.
KEY QUOTES:
“As a three-time founder and four-time CEO, I’ve always focused on my core competencies – product, engineering, and leadership – but I’ve always felt a deep sense of insecurity on the finance side – and I know I’m not alone in feeling this way. Runway is the platform I wish I had earlier in my career, designed to enable anyone in an organization to confidently understand how the business actually works. We built Runway to empower everyone, whether on the finance team or not, to be able to make better, faster business decisions together.”
— Siqi Chen, Founder and CEO of Runway
“Runway is the defining way businesses will be smarter about how they spend money and plan. Just as Figma showed collaborative web based software can unlock better design, startups and enterprises will make far better decisions across the whole org because they’ll be smarter about the lifeblood of the org: how to spend money to grow and thrive.“
— Garry Tan, founder of Initialized Capital and CEO of YCombinator
“Runway shows the value of bringing the Rippling employee graph together with financial data to give everyone in the company useful insight into their business. We’re thrilled to welcome them as an ecosystem partner.”
— Matt MacInnis, COO of Rippling
