Ulu Ventures

Ulu Ventures is a venture capital firm based in Palo Alto, California, specializing in seed-stage and early-stage investments in technology companies. Founded in 2008, the firm primarily targets opportunities in sectors such as enterprise IT, educational technology, legal informatics, and internet-enabled services. Ulu Ventures focuses on investments in the Bay Area, leveraging the market opportunities created by the Stanford and Silicon Valley communities. The firm typically co-invests with other investors, aiming for cumulative investments between $500,000 and $1 million. Ulu Ventures utilizes a disciplined decision-making process that emphasizes risk-reward trade-offs and logical principles of portfolio construction, distinguishing itself from other venture capital firms. Its investment strategy includes a preference for companies with viable exit strategies in subsequent stages of growth.

Andrea Bogarin

Senior Associate

Kathy Chen

Partner

Kevin Hoffberg

Venture Partner

Clint Korver

Co-Founder and Managing Director

Stephen Malinak Ph.D

Venture Partner

Nancy Torres

Partner

Past deals in InsurTech

Assemble

Seed Round in 2022
Next-generation compensation management. Assembled with building blocks driven by your policies and beliefs.

CoreChain Technologies

Seed Round in 2022
CoreChain Technologies operates a business-to-business payments network that leverages blockchain technology to facilitate transactions. The company's digital payment platform automates the exchange of transaction data and funds in a secure environment, significantly reducing the need for manual reconciliation processes. By streamlining B2B payments, CoreChain Technologies enhances the efficiency and safety of financial interactions between businesses, allowing them to conduct transactions with greater accuracy and reliability.

LexCheck

Seed Round in 2022
LexCheck, Inc. is a New York-based company that specializes in artificial intelligence-driven contract review software designed to enhance productivity and reduce legal costs for law firms and in-house counsel. The platform automates and accelerates the processes of contract drafting, negotiation, and review, allowing users to identify issues quickly and manage obligations effectively. It offers features such as automatic correction of common errors, identification of customized issues, and the generation of redlines and issue lists within minutes. Additionally, LexCheck's software learns and improves over time, further streamlining the contracting process. Founded in 2015 and originally known as Lit IQ, Inc., the company rebranded to LexCheck in February 2017.

Onuu

Seed Round in 2022
Onuu, founded in 2021 and headquartered in Austin, Texas, is a developer of a software-as-a-service (SaaS) financial platform aimed at enhancing financial stability for individuals lacking access to essential financial products. The platform offers personalized life insurance, savings options, and credit card products, along with a tailored financial literacy experience. By providing individualized guidance and resources, Onuu seeks to empower its members with the knowledge and tools necessary for achieving financial security and resilience.

Hairtelligence

Seed Round in 2022
Hairtelligence develops a computer vision-powered solution designed for customizing hair products for African American women. Its platform will take all the measurements through a snap photo and provides custom styles with extensive texture variety. By infusing technology into the customer experience, the company helps women understand the best protective hairstyles for every phase of life, learning and growing with its customers along the way. The company was co-founded by Isoken Igbinedion and Ifueko Igbinedion.

Sika Health

Seed Round in 2022
Sika Health is a New York-based company founded in 2021 that specializes in payment solutions for the healthcare sector. The firm focuses on developing technology that facilitates the integration of health wallets, allowing users to manage expenses related to medical bills, dental services, and medications. By partnering with health and wellness brands, Sika Health's technology aims to enhance the customer experience at the point of sale, helping individuals discover and qualify for wallet purchases seamlessly. This approach not only minimizes the risk of cart abandonment but also encourages consumers to utilize their health benefits in a manner that aligns with their personal health needs and goals.

UPTIQ

Seed Round in 2022
Cion Digital’s proprietary Blockchain Orchestration Platform allows institutions to build innovative finance solutions quickly, and to seamlessly connect their legacy systems with the complex and ever-changing world of decentralized finance. We help clients grow and protect revenue opportunities by expanding and integrating their existing financial systems to succeed in the rapidly evolving digital asset economy.

NewRetirement

Seed Round in 2021
NewRetirement is a retirement planning technology company that provides a comprehensive tool designed to assist individuals in managing their financial future. The platform functions as a virtual financial advisor, offering automated services that encompass various aspects of retirement planning, including income generation, healthcare management, tax reduction, and fee optimization. Users can leverage the tool to navigate complex decisions related to Social Security, Medicare, home equity, and estate planning. Additionally, NewRetirement allows users to access fee-only advice on-demand, facilitating collaborative planning that empowers individuals to make informed decisions about their retirement.

CoreChain Technologies

Pre Seed Round in 2021
CoreChain Technologies operates a business-to-business payments network that leverages blockchain technology to facilitate transactions. The company's digital payment platform automates the exchange of transaction data and funds in a secure environment, significantly reducing the need for manual reconciliation processes. By streamlining B2B payments, CoreChain Technologies enhances the efficiency and safety of financial interactions between businesses, allowing them to conduct transactions with greater accuracy and reliability.

CoreChain Technologies

Pre Seed Round in 2021
CoreChain Technologies operates a business-to-business payments network that leverages blockchain technology to facilitate transactions. The company's digital payment platform automates the exchange of transaction data and funds in a secure environment, significantly reducing the need for manual reconciliation processes. By streamlining B2B payments, CoreChain Technologies enhances the efficiency and safety of financial interactions between businesses, allowing them to conduct transactions with greater accuracy and reliability.

Plentina

Seed Round in 2021
Developer of financial software designed to unlock financial services for people in emerging markets via alternative credit scores and microloans. The company uses machine learning algorithms to build an alternative credit score and application that provides store credit financing to buy essentials like food and medicine, enabling users to access essential goods and financial services easily.

CapConnect+

Seed Round in 2021
Developer of a centralized intuitive platrform intended to optimize offerings for investors and streamlining dealer operations for enhanced productivity. The company's platform platform simplifies deal initiation and book building with instant rules-based allocations and straight-through processing to deliver a dramatically simplified deal day, enabling issuers and help with corporate bond issuance, dealers and investors to bring simplicity and transparency to the fixed income markets and digitize the investment process.

Figure

Series D in 2021
Figure Technologies, Inc. is a fintech company based in San Francisco, California, that specializes in providing consumer financial solutions primarily focused on home equity products. Incorporated in 2018, the company offers services such as home equity lines of credit, home improvement loans, and home buy-lease back options, facilitating access to capital for customers in as little as five days. Figure leverages blockchain technology, artificial intelligence, and advanced analytics to enhance its offerings, enabling customers to effectively manage their financial needs, including debt consolidation and retirement planning. Additionally, Figure has developed Provenance, a blockchain platform designed for businesses to manage digital assets and execute financial transactions efficiently.

Mile Auto

Seed Round in 2021
Mile Auto, Inc. is an auto insurance provider that specializes in pay-per-mile coverage for low-mileage drivers in Georgia, Illinois, and Oregon. Founded in 2017 and headquartered in Atlanta, the company offers full coverage auto insurance, including protection against accidents, theft, and damage. Customers benefit from comprehensive and collision coverage options, as well as additional services such as rental vehicle reimbursement and roadside assistance. Utilizing patented computer vision technology, Mile Auto allows customers to report their mileage via smartphone once a month, ensuring transparent billing based on actual miles driven. The company caters to a diverse clientele, including college students, retirees, urban commuters, and remote workers, aiming to help them save money on their insurance costs. Policies are available through the company’s agents.

Figure

Series D in 2021
Figure Technologies, Inc. is a fintech company based in San Francisco, California, that specializes in providing consumer financial solutions primarily focused on home equity products. Incorporated in 2018, the company offers services such as home equity lines of credit, home improvement loans, and home buy-lease back options, facilitating access to capital for customers in as little as five days. Figure leverages blockchain technology, artificial intelligence, and advanced analytics to enhance its offerings, enabling customers to effectively manage their financial needs, including debt consolidation and retirement planning. Additionally, Figure has developed Provenance, a blockchain platform designed for businesses to manage digital assets and execute financial transactions efficiently.

Plentina

Seed Round in 2021
Developer of financial software designed to unlock financial services for people in emerging markets via alternative credit scores and microloans. The company uses machine learning algorithms to build an alternative credit score and application that provides store credit financing to buy essentials like food and medicine, enabling users to access essential goods and financial services easily.

TomoCredit

Seed Round in 2021
TomoCredit LLC, established in 2018 and based in San Francisco, California, focuses on providing innovative credit solutions tailored for Millennials, particularly those with no credit history or credit score. The company manufactures electronic smart and credit cards that enable users to build credit and qualify for loans by utilizing a proprietary algorithm to analyze alternative data sources. In addition to its credit card offerings, TomoCredit has developed a mobile application that allows users to manage their accounts effectively. The founding team, composed of immigrant founders, aims to address the challenges faced by foreign nationals in accessing credit, drawing on their backgrounds from notable institutions such as Coinbase, The Kenetic Hedge Fund, and Google, as well as prestigious educational establishments like MIT and UC Berkeley.

Buzz Solutions

Seed Round in 2020
Buzz Solutions, Inc. develops an artificial intelligence-based software platform aimed at enhancing the inspection of energy infrastructure, specifically power lines. Founded in 2017 and based in Palo Alto, California, the company offers an image-recognition solution that identifies defects and anomalies in utility infrastructure. The platform automates the process of storing and analyzing visual data collected through drones and helicopters, using AI algorithms to generate actionable insights, predictive analytics, and heat maps. This technology enables power utilities to significantly reduce the time and costs associated with data analysis by over 50%, facilitating condition-based maintenance. As a result, Buzz Solutions' offerings contribute to preventing wildfires, power outages, and other adverse effects related to climate change on critical grid infrastructure.

Buzz Solutions

Seed Round in 2020
Buzz Solutions, Inc. develops an artificial intelligence-based software platform aimed at enhancing the inspection of energy infrastructure, specifically power lines. Founded in 2017 and based in Palo Alto, California, the company offers an image-recognition solution that identifies defects and anomalies in utility infrastructure. The platform automates the process of storing and analyzing visual data collected through drones and helicopters, using AI algorithms to generate actionable insights, predictive analytics, and heat maps. This technology enables power utilities to significantly reduce the time and costs associated with data analysis by over 50%, facilitating condition-based maintenance. As a result, Buzz Solutions' offerings contribute to preventing wildfires, power outages, and other adverse effects related to climate change on critical grid infrastructure.

TomoCredit

Seed Round in 2020
TomoCredit LLC, established in 2018 and based in San Francisco, California, focuses on providing innovative credit solutions tailored for Millennials, particularly those with no credit history or credit score. The company manufactures electronic smart and credit cards that enable users to build credit and qualify for loans by utilizing a proprietary algorithm to analyze alternative data sources. In addition to its credit card offerings, TomoCredit has developed a mobile application that allows users to manage their accounts effectively. The founding team, composed of immigrant founders, aims to address the challenges faced by foreign nationals in accessing credit, drawing on their backgrounds from notable institutions such as Coinbase, The Kenetic Hedge Fund, and Google, as well as prestigious educational establishments like MIT and UC Berkeley.

Wisetack

Series A in 2019
Wisetack, Inc. operates a technology platform that facilitates real-time consumer lending at the point of sale. Founded in 2018 and based in San Francisco, California, Wisetack enables businesses to enhance their sales by providing consumer-friendly financing options. The platform allows customers to make purchases through installment payments, ensuring a transparent process without hidden fees. Wisetack's technology is designed for scalability and speed, featuring an easy API integration that checks customer eligibility and streamlines the payment experience for businesses and consumers alike. The company combines expertise in finance, payments, and technology to offer fair financing solutions.

Figure

Series B in 2019
Figure Technologies, Inc. is a fintech company based in San Francisco, California, that specializes in providing consumer financial solutions primarily focused on home equity products. Incorporated in 2018, the company offers services such as home equity lines of credit, home improvement loans, and home buy-lease back options, facilitating access to capital for customers in as little as five days. Figure leverages blockchain technology, artificial intelligence, and advanced analytics to enhance its offerings, enabling customers to effectively manage their financial needs, including debt consolidation and retirement planning. Additionally, Figure has developed Provenance, a blockchain platform designed for businesses to manage digital assets and execute financial transactions efficiently.

Wisetack

Seed Round in 2019
Wisetack, Inc. operates a technology platform that facilitates real-time consumer lending at the point of sale. Founded in 2018 and based in San Francisco, California, Wisetack enables businesses to enhance their sales by providing consumer-friendly financing options. The platform allows customers to make purchases through installment payments, ensuring a transparent process without hidden fees. Wisetack's technology is designed for scalability and speed, featuring an easy API integration that checks customer eligibility and streamlines the payment experience for businesses and consumers alike. The company combines expertise in finance, payments, and technology to offer fair financing solutions.

Mile Auto

Seed Round in 2019
Mile Auto, Inc. is an auto insurance provider that specializes in pay-per-mile coverage for low-mileage drivers in Georgia, Illinois, and Oregon. Founded in 2017 and headquartered in Atlanta, the company offers full coverage auto insurance, including protection against accidents, theft, and damage. Customers benefit from comprehensive and collision coverage options, as well as additional services such as rental vehicle reimbursement and roadside assistance. Utilizing patented computer vision technology, Mile Auto allows customers to report their mileage via smartphone once a month, ensuring transparent billing based on actual miles driven. The company caters to a diverse clientele, including college students, retirees, urban commuters, and remote workers, aiming to help them save money on their insurance costs. Policies are available through the company’s agents.

Apostrophe

Seed Round in 2018
Apostrophe, Inc. is a fintech company that specializes in providing a healthcare savings platform for self-insured employers. Founded in 2016 and based in Denver, Colorado, Apostrophe negotiates the lowest possible rates for healthcare services and pays providers directly, allowing it to pass savings onto its customers. The company offers an intelligent health benefits platform that is designed to be easily adopted by self-insured employers of any size. Apostrophe serves various regions, including rural Colorado, and aims to deliver cost-effective health benefits while providing support to its members. Formerly known as Airstream Health, Apostrophe has curated best practices into a plug-and-play health plan that enhances accessibility and efficiency for its clients.

Figure

Series A in 2018
Figure Technologies, Inc. is a fintech company based in San Francisco, California, that specializes in providing consumer financial solutions primarily focused on home equity products. Incorporated in 2018, the company offers services such as home equity lines of credit, home improvement loans, and home buy-lease back options, facilitating access to capital for customers in as little as five days. Figure leverages blockchain technology, artificial intelligence, and advanced analytics to enhance its offerings, enabling customers to effectively manage their financial needs, including debt consolidation and retirement planning. Additionally, Figure has developed Provenance, a blockchain platform designed for businesses to manage digital assets and execute financial transactions efficiently.

Figure

Series A in 2018
Figure Technologies, Inc. is a fintech company based in San Francisco, California, that specializes in providing consumer financial solutions primarily focused on home equity products. Incorporated in 2018, the company offers services such as home equity lines of credit, home improvement loans, and home buy-lease back options, facilitating access to capital for customers in as little as five days. Figure leverages blockchain technology, artificial intelligence, and advanced analytics to enhance its offerings, enabling customers to effectively manage their financial needs, including debt consolidation and retirement planning. Additionally, Figure has developed Provenance, a blockchain platform designed for businesses to manage digital assets and execute financial transactions efficiently.

Figure

Series A in 2018
Figure Technologies, Inc. is a fintech company based in San Francisco, California, that specializes in providing consumer financial solutions primarily focused on home equity products. Incorporated in 2018, the company offers services such as home equity lines of credit, home improvement loans, and home buy-lease back options, facilitating access to capital for customers in as little as five days. Figure leverages blockchain technology, artificial intelligence, and advanced analytics to enhance its offerings, enabling customers to effectively manage their financial needs, including debt consolidation and retirement planning. Additionally, Figure has developed Provenance, a blockchain platform designed for businesses to manage digital assets and execute financial transactions efficiently.

EarnUp

Series A in 2017
EarnUp is a consumer-first fintech platform that intelligently automates loan payments for the more than 200 million Americans with debt. They help you put a few dollars aside for your loans when you can afford it – then they make your loan payments for you, allocating funds in the way that gets you out of debt faster. They are dedicated to giving control back to everyone who is frustrated managing their finances

EarnUp

Series A in 2017
EarnUp is a consumer-first fintech platform that intelligently automates loan payments for the more than 200 million Americans with debt. They help you put a few dollars aside for your loans when you can afford it – then they make your loan payments for you, allocating funds in the way that gets you out of debt faster. They are dedicated to giving control back to everyone who is frustrated managing their finances

Mile Auto

Seed Round in 2017
Mile Auto, Inc. is an auto insurance provider that specializes in pay-per-mile coverage for low-mileage drivers in Georgia, Illinois, and Oregon. Founded in 2017 and headquartered in Atlanta, the company offers full coverage auto insurance, including protection against accidents, theft, and damage. Customers benefit from comprehensive and collision coverage options, as well as additional services such as rental vehicle reimbursement and roadside assistance. Utilizing patented computer vision technology, Mile Auto allows customers to report their mileage via smartphone once a month, ensuring transparent billing based on actual miles driven. The company caters to a diverse clientele, including college students, retirees, urban commuters, and remote workers, aiming to help them save money on their insurance costs. Policies are available through the company’s agents.

Socotra

Seed Round in 2014
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.

Juntos

Seed Round in 2013
Juntos Finanzas, Inc. is a company that provides a mobile communication solution aimed at enhancing the engagement between financial institutions and low-income consumers, particularly in emerging markets. Founded in 2010 in San Carlos, California, the company develops digital tools that empower individuals to manage their finances effectively and achieve their financial goals. By collaborating with banks and financial service providers, Juntos delivers engaging conversations through SMS, which helps build trust and confidence among customers entering the financial system for the first time. The company emphasizes the importance of understanding cultural and behavioral insights to motivate increased account usage and foster financial stability for low-balance customers.
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