Ulu Ventures

Ulu Ventures is a prominent seed-stage venture capital firm based in Palo Alto, California, co-founded by Miriam Rivera and Clint Korver. The firm primarily focuses on early-stage investments, targeting companies that are developing innovative solutions in sectors such as enterprise software, financial technology (fintech), artificial intelligence (AI), and deep tech. Their investment philosophy is deeply rooted in a commitment to data-driven decision-making and a strong emphasis on diversity, equity, and inclusion (DEI).

A distinguishing characteristic of Ulu Ventures is its dedication to supporting underrepresented founders. The firm proudly states that over 60% of its portfolio companies have a female founder or a founder of color, demonstrating a tangible commitment to fostering a more inclusive entrepreneurial ecosystem. This focus is not merely philanthropic but is also viewed as a strategic advantage, recognizing that diverse teams often lead to more robust and innovative outcomes. Ulu Ventures seeks to identify and back promising startups that might be overlooked by traditional venture capital avenues.

Typically, Ulu Ventures provides initial investments ranging from $500,000 to $2,000,000, positioning them as a crucial early capital provider for emerging companies. Beyond the initial cheque, they are also active in follow-on rounds, supporting their portfolio companies as they scale. With multiple funds raised, including a $150 million Fund IV, Ulu Ventures has established itself as a significant player in the seed-stage landscape, aiming to build a diversified portfolio of high-growth potential companies across various technology verticals. Their approach combines rigorous due diligence with a mission-driven investment strategy, aiming for both financial returns and positive societal impact.