Runa Capital showcases the hottest open source products

LUXEMBOURG, Feb. 01, 2023 (GLOBE NEWSWIRE) — Runa Capital, an international venture capital firm that makes multiple investments in enterprise software startups, today presents the key findings of its open source software report and names the top products of 2022.

Launched in 2020, ROSS was the world’s first open-source startup index. Since then, it has highlighted the fastest growing or hottest software startups with public repositories on GitHub. This ranking shows which open source software products are popular in the minds of developers.

This year, the Luxembourg-based company shares insights into the startups that have featured in the report since its inception:

  • The report is a good indicator of new VC rounds: 40% of startups featured since 2020 have raised funds, raising more than $1.4 billion in capital.
  • There are clear country leaders where local open source startups tend to secure VC funding: the US, UK, Germany and France.
  • 58% of the featured startups are headquartered outside the US.
  • JavaScript, Python, and Java are the most popular languages ​​on GitHub, but the current wave of open source startups favor Python, TypeScript, Go, and Rust.
  • The open-source MIT license is the most popular choice on GitHub, but startups tend to use protective licenses like Apache and AGPLv3.

The key findings of the 2022 report are listed below:

  • The top 5 fastest growing open source startups in 2022 are, Novu, Refine, Safing and Nhost.
  • The featured startups raised 22 rounds of funding totaling more than $169 million in 2022.
  • The 50 fastest growing open source startups of 2022 come from 17 countries; There are 81 founders, only 4% of whom are women.
  • Before founding their startups in 2022, Google and IBM were the most prominent in the founders’ previous work experience.
  • In terms of education, the top two universities for entrepreneurs are non-US: France’s EPITECH; and the University of Waterloo in Canada.

“At Runa, we actively invest in open source software startups and consider an active developer community to be crucial for open source companies,” says Konstantin Vinogradov, a London-based general partner at Runa Capital, who developed the index and used it curated every quarter. “The report is our commitment to give back to the global open source community.”

The ROSS Index is transparent, measurable and fully focused on startups. It tracks more than 160,000 repos and typically highlights startups every quarter.

About Runa Capital

Founded in 2010, Runa Capital is an international venture capital firm headquartered in Luxembourg investing in enterprise software, deep tech (open source software, machine learning and quantum computing) and software solutions revolutionizing regulated markets such as finance, education and healthcare.

From 2010 to 2022, Runa Capital raised over $500 million and invested in more than 100 companies in Europe and North America, including Nginx (acquired by F5 Networks for $700 million), MariaDB, Zopa, Brainly, DrChrono, Smava and mambu. The company’s founding partners have built several global software companies, including Acronis (worth more than $3.5 billion after a round with Blackrock), Parallels (acquired by Corel), Odin (acquired by Ingram Micro) and Acumatica (acquired by a private equity fund). EQT partner).

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