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United States : ROMULUS CAPITAL announces close of $50 million venture capital

June 6, 2014

On 4 June 2014, a venture capital company, Romulus Capital, founded out of MIT focused on seed- and early-stage technology and science-enabled companies, announced that it raised $50 million from a powerful group of individual investors from six regions around the world including Western Europe, the US, South Asia, Russia, the Middle East, and Hong Kong. Making the fund unique in the venture industry is the profile of investors individuals and no institutions.

Krishna K. Gupta, Founder and Managing Partner said, By design, few things about us fit the typical conventions of venture capital in the US. We were one of the earliest movers at the seed stage and structured the firm to partner closely with entrepreneurs on strategy, operational, and sales objectives to build a strong foundation as if we were members of the team. We are 100% aligned as partners. That comes from the DNA of the firm itself as an MIT startup we have a focus on building rather than betting on companies. It continues with who and where our investors are from, their business expertise and connections in markets around the world where our portfolio companies can grow. What we are not is a fund paying lip service to adding value and basing decisions on investment formulas that spread risk and play the odds of success. With this new fund, we now have the scale and experience to power a company through the early stages in a way few seed-stage firms do.

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Source: TendersInfo (India)

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