Ulu Ventures sticks to its diversity strategy, raises $208M

In Brief

While ample corporations similar Google and Meta are curbing their DEI programs, Ulu Ventures, which conscionable raised a 4th money astatine $208 million, doesn’t program to alteration its strategy of investing successful divers founders, the steadfast told The Wall Street Journal.

Co-founded by Miriam Rivera, a Latina and erstwhile vice president and lawman wide counsel astatine Google, Ulu uses a data-driven concern attack to filter retired biases.  

The 17-year-old firm, which invests successful effect startups, is mindful that continuing diverseness efforts whitethorn rise risks nether the caller administration. “If you are going to beryllium lasting beardown connected DEI today, you person to beryllium incredibly buttoned-up,” 1 of the firm’s partners told WSJ, implying that investing based connected information doesn’t mean the steadfast favors circumstantial laminitis demographics.

Ulu’s constricted partners look to beryllium onboard with its attack to diversity. The firm’s 4th money is 50% larger than its $138 cardinal 3rd money raised successful 2021.

Subscribe for the industry’s biggest tech news