Runa Capital, a California-based VC firm founded by four Russian entrepreneurs, has closed its third fund at $157 million, backed by existing LPs as well as founders of some of the firm’s portfolio companies, such as Nginx, Brainly, Ecwid, Final and Rocketbank. Runa Capital Fund III surpassed its goal of $135 million, the same target of the firm’s second fund which closed four years ago.

In a press release, the firm says it wants to bring more deep tech and quantum startups into its portfolio, having in the past invested in cloud infrastructure, open source software, AI and machine learning, and B2B SaaS. Investments typically land between $1 million and $10 million in early-stage companies and Series A rounds. So far, cheques from the third fund have gone to Rollbar, Reelgood, Forest Admin, Uploadcare and Oxygen.

The firm’s Moscow-educated founders have built a few software companies, including Parallels (acquired by Corel), Odin (acquired by Ingram Micro) and Acumatica (acquired by EQT Partners), a foundation of entrepreneurial tech experience that launched the VC ten years ago. Though headquartered in Palo Alto, the team operates across Europe and just opened a new office in Berlin this year.