"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," said Gupta. "We have a proven track record for successfully launching technology-driven companies and offer a powerful alternative over traditional funds with traditional thinking."
The Romulus DNA is based on "building rather than betting on" companies, which is a core reason for the firm's early success. Romulus has supported technology-enabled industry leaders in a variety of conventional verticals, including real estate, healthcare, hospitality, construction, and automotive, and it also has a deep interest in research-based companies, as it has backed several machine learning and artificial intelligence spinouts from the MIT Media Lab.
The Romulus portfolio is thriving – one-third of the portfolio companies from Romulus' first fund will have greater than $15M in revenue this year, including Placester, a software platform that enables real estate professionals to collaborate and grow their businesses online. Placester has raised over $50 million in just over a year and credits its relationship with Romulus as key to its early success.
"Romulus just gets it – and they get us," said 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."
With this fund, Romulus will continue partnering with companies that are leveraging new technologies to solve problems for corporations around the world. Romulus is led by Gupta and Neil Chheda, who were both named to the Forbes 30 Under 30 List.
About Romulus Capital
Romulus Capital is a seed- and early-stage venture capital firm focused on building, rather than betting on, the next big technology and science-enabled companies. The firm partners with entrepreneurs looking to become industry leaders and works with them to build world-class teams, win major customers, iterate on product, and think strategically about building a strong foundation. The firm was founded out of MIT in 2008 and manages about $150M. More information is available at http://www.romuluscap.com.
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SOURCE Romulus Capital