Ulu Ventures sticks to its diversity strategy, increases $ 208 million

While large companies like Google And Meta Curging their dei programs, Ulu Ventures, which has just made it go up a fourth $ 208 million fundsdoes not plan to change its investment strategy in various founders, said the firm at the Wall Street Journal.

Co-founded by Miriam Riviera, a Latina and former vice-president and assistant general councilor of Google, Ulu uses an investment-based investment approach to filter biases.

The 17 -year -old company that is investing in seed startups is aware that persistent diversity efforts can increase risks under the new administration. “If you are going to be strong on Dei today, you must be incredibly buttoned,” said one of the company’s partners in WSJ, which implies that data -based investment does not mean that ‘Company promotes specific demography to the founder.

Ulu’s limited partners seem on board with its approach to diversity. The fourth business fund is 50% higher than its third dollars’ third funds raised in 2021.