What is RunTitle?
RunTitle operates as a unique online marketplace dedicated to mineral ownership information. By collaborating with landmen and oil and gas firms, the company has developed a robust platform designed to simplify the complexities of mineral title searches. Their Direct Download system facilitates the rapid lease and purchase of mineral interests, enabling clients to quickly ascertain acreage availability and value before committing to a deal. The platform continuously adds new reports generated by a network of knowledgeable land professionals, ensuring users have access to the most current and relevant data for informed decision-making in the energy sector.
How much funding has RunTitle raised?
RunTitle has raised a total of $8.4M across 3 funding rounds:
Angel/Seed
$30K
Series A
$8M
Debt
$350K
Angel/Seed (2013): $30K with participation from SURGE Ventures
Series A (2015): $8M led by Austin Ventures LP, Deep Fork Capital, and Founders Fund
Debt (2020): $350K supported by PPP
Key Investors in RunTitle
Austin Ventures LP
Austin Ventures is a Texas-based investment firm with a long history of supporting entrepreneurs, focusing on early-stage and middle-market companies with a patient, long-term investment strategy.
Deep Fork Capital
Deep Fork Capital is an early-stage venture capital firm that invests globally in disruptive technology-driven innovations, particularly in software-driven sectors like enterprise and marketplaces.
Founders Fund
Founders Fund is a venture capital firm that invests in significant companies across all sectors and stages, known for its founder-friendly approach and support for transformative businesses.
What's next for RunTitle?
The recent major strategic investment in RunTitle signals a period of accelerated growth and platform enhancement. With a focus on enterprise-level funding, the company is poised to expand its market reach and further develop its technological capabilities. This capital infusion will likely support initiatives aimed at increasing the volume and diversity of available mineral ownership reports, refining the user experience for lease and purchase transactions, and potentially exploring new service offerings within the broader energy and land management sectors. RunTitle's trajectory suggests a continued commitment to revolutionizing how mineral rights are managed and traded.
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