Runway Raises $2M Seed, Launches Its ‘Air Traffic Control’ System For Mobile App Releases

Nov 16, 2021•almost 4 years ago

Amount Raised

$2 Million

Round Type

seed

Description

Runway, a startup that emerged from the challenges that faced Rent the Runway’s first iOS team, is now exiting beta and launching its service that simplifies the mobile app release cycle — or, as the team describes it, offers “air traffic control” for mobile releases. The company has additionally raised a $2 million round of seed funding for its product, led by Bedrock Capital.

Company Information

Company

Runway

About

The company has additionally raised a $2 million round of seed funding for its product, led by Bedrock Capital. Since its beta, it’s grown its client base to 15 and now includes Gusto, NTWRK, Brex, and Chick-fil-A as customers, as well as some bigger names in at the enterprise end of the scale, the company notes. During its test period, Runway has been used by a handful of early customers, including ClassPass, Kickstarter, Capsule and others, who, as of this March, had pushed out over 40 app releases via its platform. Several of these customers have also contributed statements of support for using Runway over their old methods. Now, we know it’s going to go smoothly, and we know it’s going to require minimal effort.”As of today, Runway says its early adopters have since pushed out 60 app releases through its platform. Runway says it will apply the new funds to hiring, including the hire of multiple full-stack engineers (particularly ex-mobile engineers), and a full-time employee to help with growth and marketing.