Ulu Ventures

Ulu Ventures is a venture capital firm founded in 2008 and based in Palo Alto, California. Specializing in seed-stage and early-stage investments, the firm focuses on technology-enabled services, particularly in sectors such as educational technology, legal informatics, and various internet industries. Ulu Ventures targets investments in internet-enabled consumer and business services, digital media, mobile applications, and financial technology, among others. The firm often collaborates with other investors to make cumulative investments ranging from $500,000 to $1 million. It aims to invest primarily in the San Francisco Bay Area and seeks opportunities with viable exit strategies in subsequent funding stages. Ulu Ventures is notable for being the first Latina-led venture fund in Silicon Valley and is committed to reducing investment risk through a structured decision-making process.

Kathy Chen

Partner

Kevin Hoffberg

Venture Partner

Clint Korver

Co-Founder and Managing Director

Stephen Malinak

Venture Partner

Maria Salamanca

Partner

Nancy Torres

Partner

Miriam Rivera

Co-Founder, CEO and Managing Director

Past deals in Midwestern US

Novel Capital

Seed Round in 2024
Novel Capital, founded in 2018 and based in Mission, Kansas, is a fintech company that offers innovative funding solutions tailored for early-stage B2B software companies. By leveraging a tech-first approach, Novel Capital enables its customers to access non-dilutive capital based on future recurring revenue, effectively breaking down traditional growth barriers. The platform also provides online data-driven insights and curated learning resources, empowering entrepreneurs to capitalize on their momentum and scale their businesses without relinquishing equity. Through its flexible revenue-based financing and operational sales expertise, Novel Capital aims to foster a thriving startup ecosystem and support the growth of emerging businesses.

Novel Capital

Venture Round in 2024
Novel Capital, founded in 2018 and based in Mission, Kansas, is a fintech company that offers innovative funding solutions tailored for early-stage B2B software companies. By leveraging a tech-first approach, Novel Capital enables its customers to access non-dilutive capital based on future recurring revenue, effectively breaking down traditional growth barriers. The platform also provides online data-driven insights and curated learning resources, empowering entrepreneurs to capitalize on their momentum and scale their businesses without relinquishing equity. Through its flexible revenue-based financing and operational sales expertise, Novel Capital aims to foster a thriving startup ecosystem and support the growth of emerging businesses.

Irrigreen

Seed Round in 2023
Irrigreen, Inc. is a company based in Edina, Minnesota, that designs, manufactures, and distributes innovative lawn irrigation systems. Founded in 2010, the firm specializes in an IoT digital sprinkler system that significantly reduces water usage by up to 50% compared to traditional methods. Utilizing advanced technology inspired by inkjet printing, Irrigreen's system features a patent-pending nozzle design that ensures even water distribution tailored to the specific shape of any landscape. The company targets homes, landscape contractors, municipalities, and water districts, distributing its products through a network of distributors across the United States. By integrating digital technology into irrigation, Irrigreen aims to lower water bills for its customers while minimizing waste.

Bridge Money

Seed Round in 2022
Bridge Money, Inc. is a financial technology company founded in 2018 and based in Chicago, Illinois. It has developed a mobile banking platform that offers a variety of services including account activation, mobile check deposits, and free access to Automated Teller Machines (ATMs). The platform also features a secure debit card with no associated fees, and users benefit from the absence of overdraft charges. Bridge Money focuses on empowering users to enhance their financial well-being on a daily basis.

Novel Capital

Seed Round in 2022
Novel Capital, founded in 2018 and based in Mission, Kansas, is a fintech company that offers innovative funding solutions tailored for early-stage B2B software companies. By leveraging a tech-first approach, Novel Capital enables its customers to access non-dilutive capital based on future recurring revenue, effectively breaking down traditional growth barriers. The platform also provides online data-driven insights and curated learning resources, empowering entrepreneurs to capitalize on their momentum and scale their businesses without relinquishing equity. Through its flexible revenue-based financing and operational sales expertise, Novel Capital aims to foster a thriving startup ecosystem and support the growth of emerging businesses.

Mile Auto

Seed Round in 2021
Mile Auto, Inc. specializes in pay-per-mile auto insurance tailored for lower-mileage drivers in Georgia, Illinois, and Oregon. Founded in 2017 and headquartered in Atlanta, the company offers full coverage auto insurance, which protects customers from financial liabilities related to accidents, theft, or vehicle damage. In addition to comprehensive and collision coverage, optional services such as rental vehicle reimbursement and roadside assistance are available. Customers report their mileage monthly via smartphone, allowing for transparent billing based on actual miles driven. The company utilizes patented computer vision technologies to enhance its offerings and has partnered with Porsche Financial Services to provide specialized insurance solutions for Porsche owners. Mile Auto serves a diverse clientele, including college students, retirees, and remote workers, aiming to help them save money while staying informed about their insurance needs.

Bridge Money

Seed Round in 2020
Bridge Money, Inc. is a financial technology company founded in 2018 and based in Chicago, Illinois. It has developed a mobile banking platform that offers a variety of services including account activation, mobile check deposits, and free access to Automated Teller Machines (ATMs). The platform also features a secure debit card with no associated fees, and users benefit from the absence of overdraft charges. Bridge Money focuses on empowering users to enhance their financial well-being on a daily basis.

Mile Auto

Seed Round in 2019
Mile Auto, Inc. specializes in pay-per-mile auto insurance tailored for lower-mileage drivers in Georgia, Illinois, and Oregon. Founded in 2017 and headquartered in Atlanta, the company offers full coverage auto insurance, which protects customers from financial liabilities related to accidents, theft, or vehicle damage. In addition to comprehensive and collision coverage, optional services such as rental vehicle reimbursement and roadside assistance are available. Customers report their mileage monthly via smartphone, allowing for transparent billing based on actual miles driven. The company utilizes patented computer vision technologies to enhance its offerings and has partnered with Porsche Financial Services to provide specialized insurance solutions for Porsche owners. Mile Auto serves a diverse clientele, including college students, retirees, and remote workers, aiming to help them save money while staying informed about their insurance needs.

Mile Auto

Seed Round in 2017
Mile Auto, Inc. specializes in pay-per-mile auto insurance tailored for lower-mileage drivers in Georgia, Illinois, and Oregon. Founded in 2017 and headquartered in Atlanta, the company offers full coverage auto insurance, which protects customers from financial liabilities related to accidents, theft, or vehicle damage. In addition to comprehensive and collision coverage, optional services such as rental vehicle reimbursement and roadside assistance are available. Customers report their mileage monthly via smartphone, allowing for transparent billing based on actual miles driven. The company utilizes patented computer vision technologies to enhance its offerings and has partnered with Porsche Financial Services to provide specialized insurance solutions for Porsche owners. Mile Auto serves a diverse clientele, including college students, retirees, and remote workers, aiming to help them save money while staying informed about their insurance needs.

GCommerce

Series E in 2008
GCommerce, Inc. specializes in providing cloud-based automation solutions tailored for the durable goods distribution industry. Established in 2000 and headquartered in Des Moines, Iowa, the company offers a range of software-as-a-service products designed to enhance supply chain operations. Its key offerings include AutoSoEZ, an e-commerce platform; PBEPRO, which connects manufacturers with PBE jobbers and warehouse distributors; and the Internet Data Exchange, a solution for real-time electronic data interchange. Additional products like Virtual Inventory Cloud and Match3 streamline processes such as inventory management and reconciliation of purchase orders. By facilitating seamless communication and transactions between trading partners, GCommerce aims to reduce costs and improve efficiency in the distribution supply chain.
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