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Lunar Startups

370 Wabasha St N Ste 500, Saint Paul, MN, 55102, United States

Overview

Lunar Startups specializes in growth, connection, and innovation for black, indigenous, BIPOC, LGBTQ+, women, and non-binary entrepreneurs.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Education
  • Non Profit
  • Social Entrepreneurship
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Investment portfolio

  • Runner

    Participated · Seed · Feb 2022

    Runner operates a marketplace that matches startups with part-time, operations-focused professionals (called “runners”), each employed by Runner under W-2 classification. The platform launched with an explicit focus on operations roles and has around 200 runners on the platform today. Its business model takes a 25% cut of a runner’s hourly rate and charges a 10% recruitment fee if a customer hires a runner full-time. Before a waitlist model, Runner secured roughly 120 pilot customers at a $500,000 run rate; its app was set to launch on March 15, 2022. Founder Arlan Hamilton says the company aims to have 1,000+ runners by year-end averaging $40,000 each, a projection she equates to becoming a “half a billion dollar company.” Many current Runner executives first joined the platform as runners, and the company does not position itself as a DEI recruitment firm despite its leadership coming from historically overlooked backgrounds.

Team

No current team members are available.