Russia’s Runa Capital has announced details of a new fund that it plans to close at a figure of $200 million. Although Moscow-based, Runa is keen to position this as a ‘European’ fund. Indeed, the firm has already invested across the continent and will continue to do so.

The Runa II fund will invest between $1 million and $10 million per deal, with a focus on cloud computing, hosted services, virtualization, complex software and IT solutions. The fund has made its first closing, although the exact figure raised so far hasn’t been shared. Runa’s recent exits include Capptain (acquired by Microsoft) and StopTheHacker (acquired by CloudFlare).

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