Runa Capital, the early-stage venture capital firm of Serguei Beloussov, has invested in BigTime Software (formerly Edison’s Attic), a Chicago-based software provider of timesheet for Intuit’s QuickBooks, the company announced.
Runa Capital Fund I joined $2.7 million Series A financing round with LTC Partners, Geneva Venture Investment Management, Hickory Grove and Howell Capital. The proceeds will be used for sales channel growth and marketing.
Founded in 2002, BigTime Software offers a browser-based time, billing and practice management software as a service (SaaS) solution that connects to QuickBooks. BigTime was founded by Brian Sounders.
Launched in August 2010, Runa Capital Fund I has more than $70 million in equity capital commitements. Runa Capital previously invested in cloud-platform service for software developers Hivext in Moscow.