Ulu Ventures is a seed-stage venture capital firm founded in 2008 by Miriam Rivera and Clint Korver, headquartered in Palo Alto, California. The firm is committed to supporting diverse founder teams, with approximately 80% of its portfolio companies having a founder who is an immigrant, a woman, or from a minority group.
Ulu Ventures primarily invests in early-stage technology startups across various sectors, including enterprise applications, financial services, healthcare, education, and consumer goods. The firm leverages its strong connections to Stanford University and the Silicon Valley ecosystem to identify and support promising ventures.
In February 2025, Ulu Ventures closed its fourth fund, raising $208 million. This fund brings the firm's total assets under management to over $400 million and is notable for being one of the largest U.S. venture funds led by a Latina woman.
Investment Strategy
Ulu Ventures employs a data-driven investment approach designed to minimize cognitive biases and enhance decision-making. The firm assigns probabilities to key business metrics, such as market share and revenue, to assess the potential for achieving significant returns. This structured methodology ensures a disciplined evaluation process while maintaining inclusivity across diverse demographic groups.
Notable Investments
Notable Exits
