Runn Company Profile

Background

Overview

Founded in 2018, Runn is a New Zealand-based software company specializing in real-time resource management and forecasting solutions. The company offers a cloud-based platform designed to assist project-based businesses in planning, tracking, and forecasting staffing capacity and capability. Runn's mission is to streamline project delivery by providing intuitive tools that replace traditional, cumbersome spreadsheets and processes. The company's headquarters are located in Wellington, New Zealand, and it operates fully remotely, with team members across multiple continents.

Key Strategic Focus

Core Objectives

Runn aims to enhance the efficiency of project-based businesses by offering a comprehensive resource management platform. The company's primary objectives include:

Resource Scheduling: Facilitating the allocation of resources across various projects to optimize team performance.

Project Planning: Providing tools for detailed project timelines and milestone tracking.

Capacity Management: Enabling businesses to assess and manage their workforce capacity effectively.

Project Forecasting: Offering predictive insights into project outcomes and resource utilization.

Primary Markets

Runn serves a diverse clientele, including:

IT and Software Companies: Assisting in managing complex development projects.

Architecture and Engineering Firms: Supporting the planning and execution of design and construction projects.

Consultancies and Agencies: Helping manage multiple client engagements and resource allocations.

Financials and Funding

Funding History

Runn has secured a total of $1.57 million in funding through various rounds:

Seed Round (December 2021): Raised an undisclosed amount to support early-stage development.

Series 3 (August 2022): Secured additional funding to scale operations and enhance product offerings.

Notable Investors

The company has attracted investments from several venture capital firms and angel investors, including:

Shearwater Capital

Wavemaker

AfterWork Ventures

Angel Investors Marlborough

GD1

The capital raised is intended for product development, market expansion, and enhancing customer support services.

Technological Platform and Innovation

Proprietary Technologies

Runn's platform is built on a robust technological stack that includes:

Cloud-Based Architecture: Ensuring scalability and accessibility for remote teams.

Real-Time Data Processing: Providing up-to-date insights into resource allocation and project progress.

Significant Scientific Methods

The platform employs advanced algorithms for:

Resource Optimization: Balancing workloads to prevent overutilization or underutilization of staff.

Scenario Planning: Allowing users to model various project scenarios to anticipate potential challenges and outcomes.

Leadership Team

Executive Profiles

Tim Copeland, Co-Founder & CEO: Brings extensive experience in software development and startup leadership.

Rowan Savage, Co-Founder & CTO: Specializes in technology strategy and product development.

Nicole Tiefensee, Co-Founder & COO: Focuses on operational excellence and organizational growth.

Felipe Skroski, Co-Founder & CPO: Leads product strategy and user experience design.

Ash Fogelberg, Co-Founder & Director: Provides strategic guidance and oversight.

Competitor Profile

Market Insights and Dynamics

The resource management software market is experiencing significant growth, driven by the increasing complexity of project-based work and the need for efficient resource allocation. Key trends include the adoption of cloud-based solutions, integration with other project management tools, and the emphasis on real-time data analytics.

Competitor Analysis

Runn operates in a competitive landscape with several notable companies:

Planera: Provides project scheduling software with a focus on simplicity and user experience.

Favro: Offers a planning and collaboration app designed for organizational flow.

Eylean: Develops visual task management software tailored for agile teams.

ProChain Solutions: Specializes in project management solutions with an emphasis on critical chain project management methodologies.

Strategic Collaborations and Partnerships

Runn has established integrations with various tools to enhance its platform's functionality:

Harvest: For time tracking and invoicing.

WorkflowMax: To streamline project management processes.

Clockify: Enabling comprehensive time tracking capabilities.

These integrations allow users to connect their existing tools with Runn, creating a seamless workflow across different platforms.

Operational Insights

Strategic Considerations

Runn differentiates itself through:

User-Friendly Interface: Simplifying complex resource management tasks.

Real-Time Data Processing: Providing immediate insights for informed decision-making.

Flexible Integrations: Allowing customization to fit various business needs.

These factors position Runn competitively in the market, appealing to businesses seeking efficient and adaptable resource management solutions.

Strategic Opportunities and Future Directions

Future Business Directions

Runn plans to:

Expand Market Reach: Targeting additional industries and geographic regions.

Enhance Product Features: Incorporating advanced analytics and AI-driven insights.

Strengthen Partnerships: Developing further integrations with complementary tools and platforms.

By leveraging its current strengths and focusing on innovation, Runn aims to solidify its position as a leader in the resource management software market.