Russ Scully

Overview

Russ Scully is a serial entrepreneur and investor committed to elevating Vermont-based companies through seed and early-stage funding. He is the founder of Hula, a vibrant co-working campus and innovation hub in Burlington, Vermont, which houses over 60 technology companies and serves as a catalyst for local economic development. In 2019, Scully launched The Fund at Hula, a self-funded venture capital fund that invests in high-growth, value-aligned startups rooted in Vermont. The fund focuses on scalable, innovative companies that create jobs, strengthen the local economy, and deliver sustainable impact. One of its notable investments is CoreMap, a medical technology company specializing in advanced diagnostic solutions for atrial fibrillation. Scully's investment philosophy emphasizes supporting founders building businesses with long-term, net-positive potential, avoiding extractive models. Beyond his investment activities, Scully is deeply engaged in community development. He served on the Burlington Business Association board from 2015 to 2021, including two years as chair, and is a trustee at Champlain College. His commitment to Vermont's economic vitality is evident in his active role in various local initiatives and partnerships. Scully's diverse business portfolio also includes water-sports retail, waterfront restaurants, a boutique surf resort in Puerto Rico, and the publication of Sessions Magazine, a water-lovers' lifestyle magazine. His approach to entrepreneurship is characterized by enthusiasm, generosity, and an unwavering commitment to Vermont's economic vitality.

Investment Focus

• Innovative technology solutions
• Scalable business models
• Positive environmental impact
• Strong local economic contribution
• Experienced founding teams

Portfolio Companies