# Runa HR, S. de R.L. de C.V.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/runa-hr-s-de-r-l-de-c-v

- Industry: Software
- Headquarters: Mexico City, Mexico
- Website: www.runahr.com
- Total disclosed funding: $3.5M
- Latest round: Seed (Apr 1, 2018)
- Investors on record: 5

## About

Runa HR is a technology company that provides a digital payroll and human resources solution specifically designed for small and medium-sized enterprises in Latin America, streamlining payroll processes with efficiency.Founded in 2017 in Mexico City, Mexico, Runa HR specializes in payroll management and human resources services. The company raised USD 3.5 mn in Seed funding on April 1, 2018, from investors including Salesforce Ventures and Y Combinator. The founders, Adrian Bau, Courtney McColgan, and Miguel Hernández, have driven the company towards a focus on servicing companies in Latin America, particularly in Mexico.Runa HR offers a comprehensive software solution focused on payroll management and human resources for small and medium-sized enterprises in Latin America. Its core product is a digital payroll system that allows users to calculate, disperse, and stamp payroll with just four clicks, significantly streamlining the payroll process. Additional features include automated management of employee records, tracking of incidents and attendance, and real-time reporting capabilities that provide key insights for decision-making. Runa HR serves a diverse customer base of over 100,000 employees across various industries, helping them manage payroll obligations and employee benefits efficiently. The services are available in multiple geographical markets, particularly targeting companies in Mexico and other countries in the Latin American region.Runa HR generates revenue primarily through a subscription-based model, providing its clients with various payroll and HR services. Clients are charged monthly fees based on the number of employees and the specific services utilized, which can include additional benefits such as medical insurance, life insurance, and telemedicine. For example, clients can access major medical insurance starting at USD 210 MXN per employee per month, while preventive healthcare services are priced from USD 170 MXN monthly per employee. This transactional structure emphasizes B2B relationships, where businesses directly engage with Runa HR to enhance their HR and payroll operations. The pricing plans are designed to be accessible to a wide range of enterprises, enabling them to tailor the services to fit their unique workforce management needs.Runa HR plans to utilize the USD 3.5 mn raised in their Seed funding to enhance their product offerings and expand into new markets. The company is currently designing new features for its payroll platform and aims to launch these enhancements by the end of 2023. Additionally, Runa HR is targeting expansion into additional Latin American countries by 2024, focusing on markets that similarly require efficient payroll and HR solutions.

## Funding rounds

- Seed, Apr 1, 2018, $3.5M — Y Combinator, Salesforce Ventures
- Seed, Jan 4, 2018 — Y Combinator, Salesforce Ventures, Investo, GE32 Capital, Maschmeyer Group Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Seed
- Investo (https://capitalatlas.ai/funds/investo) — Seed
- GE32 Capital — Seed
- Maschmeyer Group Ventures (https://capitalatlas.ai/funds/maschmeyer-group-ventures) — Seed