The fund has been backed by a range of unnamed Asia-based conglomerates and will focus on technology startups.
US-based venture capital firm Romulus Capital unveiled its third fund yesterday with more than $75m in commitments from investors including several undisclosed Asia-based conglomerates.
The fund has also attracted the interest of three royal families and assorted private individuals with ties to Massachusetts Institute of Technology (MIT).
Romulus was founded by students at MIT in 2008 and has backed a range of artificial intelligence and machine learning spinouts from the university.
The third fund doubles the firm’s assets under management…
