Romulus Capital, a Cambridge-based venture capital firm, announced that it has closed its third fund with more than $75 million in commitments.
Founder Krishna Gupta started Romulus in his MIT dorm room in 2008 with a few thousand dollars in capital. It now claims total managed assets of $150 million, which makes it, Gupta says, the largest VC firm managed entirely by investors under 30 years old. Gupta's partner is fellow McKinsey veteran Neil Chheda.
Romulus' portfolio includes several Boston-based companies, like Placester, Cogito and Cohealo. Additionally, it has invested in other ventures throughout the U.S., such as ClassPass and ELaCarte. According to the firm, the combined revenue from one third of the companies in its first fund will rise over $15 million this year.
With its third fund, Romulus plans to continue investing in seed-stage ventures developing new technologies for businesses around the world.
