Technology
Ulu Ventures sticks to its strategy of diversity, collects $ 208 million
While large corporations akin to Google and Meta limiting their Dei programs, Ulu Ventures, which just raised the fourth Fund $ 208 millionThe company doesn’t plan to change the strategy of investing in various founders, the corporate said The Wall Street Journal.
Co -founder Miriam Riviera, Latin and former Vice President and Deputy Legal Advisor in Google, Uluts uses an investment approach based on data to filter prejudices.
A 17-year-old company investing in seed startups is careful that constant efforts to diversity can increase the danger under the brand new administration. “If you have to stand strongly on Dei today, you must be incredibly fastened,” one of the corporate’s partners said WSJ, which suggests that investing based on data doesn’t mean that the corporate is conducive to a particular demographic founder.
It seems that the partners with the limited partners are on board with the approach to diversity. The fourth fund of the corporate is 50% higher than the third fund $ 138 million collected in 2021.
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