We zeroed in on the massive inefficiencies around medical equipment. A health system typically spends tens of millions on equipment purchases and rentals annually. However, average utilization of 42% means most capacity remains idle. One hospital’s new spinal surgical table may gather dust, while a nearby facility cancels procedures due to equipment issues – or sends patients away altogether.
Our solution combines a technology platform, analytics, and supporting logistics to make medical equipment available – anywhere and anytime – on-demand. Some call our approach the sharing economy or collaborative consumption. For us, it’s a step forward on our mission to make the best medical technology available to every patient on the planet.
Krillion Ventures is a $50 million fund that invests at the seed and venture stages. With no limits on location or industry, we partner with entrepreneurs who challenge the status quo.
With roots at MIT and Harvard, Romulus Capital was started by passionate entrepreneurs who utilize seed-stage expertise, strategic focus, and global networks to help build technology businesses.
Our diverse team hails from all corners of the globe and brings experience from multiple industries. We are looking for committed, talented individuals who share our passion for changing the dynamics of healthcare.