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Roadrunner raises $27 million from Kleiner Perkins and Founders Fund, aiming to build a $10 billion company with its AI-native CPQ software.

PRIVATEMay 12, 2026•3 months ago

Amount Raised

$27 Million

Round Type

Series A

Pittsburgh

Investors

Founders FundKleiner Perkins

Description

Roadrunner has raised a total of $27 million, with funding from notable investors Kleiner Perkins and Founders Fund. This financing includes a seed round and a Series A. CEO Joubin Mirzadegan aims to leverage their CPQ software to transform the quote-to-cash space. Trae Stephens from Founders Fund will join Roadrunner’s board.

Company Information

Company

RoadRunner

Location

Pittsburgh, Pennsylvania, United States

About

The company provides customized and sustainable materials management solutions, supported by technology and engineered to serve thousands of commercial businesses from more than 20 industries across the country. To date, RoadRunner has been able to seamlessly increase a property's recycling rates by 10x, and in turn, reduce the associated carbon footprint.

Predictive Intelligence
Strategic

ML-powered predictions for RoadRunner's next move

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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