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Ulu Ventures

United StatesSilicon ValleyWest Coast USNortheast USEnterpriseB2B SaaSFintechHealthtechAI/MLClimateConsumerMarketplaces

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Investment thesis

Ulu Ventures is a data-driven, seed-stage venture capital firm based in Palo Alto, California, with a conviction that 'seed-stage investing generates the best returns in venture over the long term' and that it is 'the point on the capital formation curve that provides the highest leverage toward promoting diversity in entrepreneurship.' The firm applies a proprietary decision-analysis framework called Market Mapping to quantify risk and return at the seed stage, reducing cognitive bias in investment decisions. Ulu focuses on high-growth information technology and internet companies across enterprise, fintech, consumer, health, and sustainability sectors, primarily in the US. Ulu's investment thesis is grounded in the empirical conviction that 'diversity is profitable': founder teams with wider ranges of demographics and professional experiences consistently outperform more homogeneous teams. The firm actively sources from underrepresented communities — including women, minority, URM, and immigrant founders — while applying the same rigorous, criteria-based evaluation to all entrepreneurs. With $400M+ AUM across four funds and ten unicorns in its portfolio (including Palantir, SoFi, BetterUp, Guild Education, and Everlaw), Ulu has demonstrated that its disciplined, inclusive approach drives top-tier financial returns.

Notable quotes

We are honored that they recognize Ulu's disciplined data-driven investment thesis reduces cognitive bias while driving returns.

Miriam Rivera · BusinessWire / Yahoo Finance — Fund IV announcement · 2025-02-13

At Ulu, we believe that venture as an asset class is evolving. Our analytical approach helps us identify the best entrepreneurial teams and support companies in outlier industries before they are obvious.

Maria Salamanca · Yahoo Finance — Fund IV announcement · 2025-02-13

If you are going to be standing strong on DEI today, you have to be incredibly buttoned-up.

Maria Salamanca · UrbanGeekz — Fund IV coverage · 2025-02-18

Team

Miriam Rivera

CEO, Co-Founder & Managing Director

EnterpriseFintechHealthtechConsumerDiversity & Inclusion

Clint Korver

Co-Founder & Managing Director

EnterpriseB2B SaaSDeep TechDecision Analysis

Steve Reale

General Partner & CFO

EnterpriseClimateHealthtechFintech

Maria Salamanca

General Partner

HealthtechConsumerFintechDiversity & Inclusion

Andrea Bogarin

Senior Associate

Diverse FoundersEnterpriseConsumer

Trina Weller

Venture & Analytics Partner

Decision AnalysisHealthtechEnterprise

Recent investments

CompanyRoundSizeDate
Xella HealthPre-Seed$4m2026-01-11
Empo HealthUndisclosed$7m2025-06-24
RevelAi HealthSeed$3m2025-06-19
FoodHealthSeries A$8m2025-05-05
IrrigreenSeries A$19m2025-04-22
Cambium CarbonSeries A$19m2025-02-24
Seven StarlingSeries A$11m2024-07-16
NewRetirementSeries A$20m2024-03-27

Frequent co-investors

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