Runway(US)

• 18/07/2023
• Series A
• $27,500,000

🏗 Why Build Runway?
The way we look at financials today hasn't changed in over half a millennium. It doesn't just predate computing, it actually predates the popularization of negative numbers. We truly feel that there is an opportunity for a rethink.

🛫 What is Runway?
Runway is a SaaS product that helps you and your team understand your business so you can make better decisions together. Unlike other financial software, Runway is designed to be a consumer-grade product for normal people who aren't accountants, and is fast, intuitive, and social.

Runway reinvents how business financials are presented through modern design and engineering. By bringing clarity, power, and speed to financial data, we help every team become more aligned on the entire business so they can collaborate to make better decisions, faster.

🧮 Problems Runway is Solving
Problem 1: Today, valuable financial data are trapped inside Excel, Quickbooks, Netsuite across the finance team, so it can take days to get any meaningful insight from financial data.
- Solution: Runway is a 10X-100X faster way to get insights from business financials. Through a simple but powerful rethink of how you interact with your financial data, we give operators the power to mold and share their financial data in a way that actually matches their mental model. In summary, Runway helps in *Understanding the Business*.

Problem 2: With financial data and insights pulled manually, strewn across dozens of Excel files and Google Sheets, teams don't have a consistent view of the business and where it's going.
- Solution: Runway is fundamentally a social product, like "Facebook for your Finances". We help leaders distribute responsibility for the expenses and revenue of the company throughout the company, so that everyone on the team can act like owners, with the same context that the business leaders would have. Thus, Runway helps in *Aligning the Team*.

Come join us! We're hiring! 🙋

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