Romulus Capital

Romulus Capital is a Cambridge, Massachusetts-based seed and early-stage venture capital firm, established in 2008. The firm primarily focuses on investing in technology companies, with a particular emphasis on deep tech, enterprise software, and disruptive consumer businesses. Romulus positions itself as a "company builder," aiming to partner with founders from the very beginning to construct enduring businesses rather than just providing capital. This hands-on approach is central to their investment philosophy, seeking to be the first institutional investor that can significantly impact a startup's trajectory.

The firm's investment strategy is centered on identifying exceptional founding teams, large addressable markets, and highly defensible technology. They are known for taking a proactive role in their portfolio companies, often leading seed or Series A rounds and securing board seats. This active involvement extends to providing strategic guidance, operational support, and leveraging their network to help companies scale. Romulus seeks to build long-term relationships with entrepreneurs, offering continuous support as companies navigate various growth stages.

Romulus Capital has successfully raised five funds to date, demonstrating consistent growth in its capital base. Their most recent fund, Fund V, closed in 2022 with $200 million in commitments, bringing their total capital under management to approximately $430 million. Typically, Romulus provides initial checks ranging from $1 million to $10 million, making them a significant early-stage investor capable of providing substantial runway for nascent companies. This flexibility in check size allows them to support a diverse range of early-stage ventures.

The firm's portfolio showcases a track record of backing innovative companies that have gone on to achieve significant milestones. Notable investments include ClassPass, a fitness membership platform acquired by Mindbody, and Ginger, a mental health platform that merged with Headspace. These exits underscore Romulus Capital's ability to identify promising startups and contribute to their growth, ultimately delivering strong returns for their limited partners. Their commitment to deep engagement and strategic partnership remains a hallmark of their investment approach.