Total amount raised
$30.2 Millions
Latest funding date
09/01/2021
Location
Title
Rune Labs has successfully raised significant funding to advance its mission in precision neurology, focusing on neurodegenerative diseases such as Parkinson's Disease, Multiple Sclerosis, Obsessive-Compulsive Disorder, and Essential Tremor. The company's innovative platform leverages data analytics to support care delivery and therapy development, with notable tools like StrivePD, which uses the Apple Watch for symptom tracking.
Keep reading to explore the intricacies of Rune Labs' fundraising journey and the investors backing this pioneering platform in the field of neurology.
What Is Rune Labs?
Rune Labs, founded in 2018, is a software and data analytics company specializing in precision neurology. Based in San Francisco, the company focuses on neurodegenerative diseases such as Parkinson's, Multiple Sclerosis, OCD, and Essential Tremor.
Co-founded by Brian Pepin, Rune Labs leverages real-world data to support care delivery and therapy development. Their innovative platform includes tools like StrivePD, which uses the Apple Watch for symptom tracking.
With a dedicated team of over 50 employees, Rune Labs continues to push the boundaries of neurology through data-driven insights and patient-centric solutions.
How Much Funding Has Rune Labs Raised?
- Seed Round
- Amount Raised: $5 million
- Date: October 26, 2020
- Lead Investors: DigiTx Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue investing in research and development and to develop additional products.
- Series A Round
- Amount Raised: $22.8 million
- Date: September 16, 2021
- Lead Investors: Eclipse Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform, build new partnerships, and enhance data aggregation capabilities.
Total Amount Raised: $27.8 million. Current Valuation: Not publicly disclosed.
Key Investors
- Eclipse Ventures
- Details: Eclipse Ventures is a venture capital firm that led Rune Labs' $22.8 million Series A round. Justin Butler, a partner at Eclipse Ventures, joined Rune’s board of directors.
- Investment Focus Areas: Healthcare technology, digital therapeutics, precision neuromedicine.
- Notable Investments: Not publicly disclosed.
- DigiTx Partners
- Details: DigiTx Partners is a venture capital firm that led Rune Labs' $5 million seed round. David Kim from DigiTx joined Rune’s board of directors after the seed round.
- Investment Focus Areas: Digital health, medical technology.
- Notable Investments: Not publicly disclosed.
- Moment Ventures
- Details: Moment Ventures is an early-stage venture capital firm that participated in both the seed and Series A rounds of Rune Labs.
- Investment Focus Areas: Early-stage technology, healthcare.
- Notable Investments: Not publicly disclosed.
- TruVenturo
- Details: TruVenturo is a venture capital firm that participated in Rune Labs' seed round. They are known for investing in technology-driven companies.
- Investment Focus Areas: Technology-driven companies.
- Notable Investments: Not publicly disclosed.
- Loup Ventures
- Details: Loup Ventures, also known as Deepwater Asset Management, is an investment firm that focuses on neurotechnology and participated in Rune Labs' seed round.
- Investment Focus Areas: Neurotechnology, public equities, venture capital.
- Notable Investments: Not publicly disclosed.
What's Next for Rune Labs?
Rune Labs stands at the cusp of significant growth, driven by the expanding use of data analytics in healthcare. The company aims to broaden its platform to include more patients, clinicians, and researchers, leveraging partnerships with pharmaceutical companies and medtech makers. This expansion could unlock new treatments for neurological conditions, positioning Rune Labs as a leader in precision neurology.
Future fundraising opportunities appear promising, given the successful Series A round and strong investor interest. However, challenges such as ensuring data accuracy and managing large datasets loom. Maintaining and expanding partnerships will be crucial as Rune Labs navigates these complexities, aiming to revolutionize neurological care through data-driven insights.
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