Romulus Capital, a seed-stage venture capital fund focused on investing and building technology businesses, has launched its third fund with over USD75 million in commitments.
Backed by investors in 15 countries, including 3 royal families, Asia's largest conglomerates, and individuals with strong ties to the Massachusetts Institute of Technology (MIT), Romulus has grown more than 200 percent in four years with USD150 million in assets under management.
Romulus is the largest independent venture capital firm in the world managed solely by partners under the age of 30 years old – in fact, Founder Krishna K. Gupta founded the company from his MIT dorm room as an undergraduate a few years ago.
"We understand entrepreneurs, because we are entrepreneurs (and not just former entrepreneurs), which means we bring a passion and ingenuity for building great companies, since we are in the trenches building our company at the same time," says Gupta. "We have a proven track record for successfully launching technology-driven companies and offer a powerful alternative over traditional funds with traditional thinking."
"Romulus just gets it – and they get us," says Matt Barba, CEO of Placester. "They invested in us in our earliest days and their ongoing and unwavering support has been paramount to our rapid growth. Because of that, we've quickly become one of the most exciting technology companies in the real estate industry."