April 4, 2022

It’s spring and there’s new growth to celebrate! Ulupreneurs raised more than $215M; Ulu made some exciting new investments; founders shared their amazing stories; and we had a chance to illustrate some jaw-dropping stats of our female founders during Women’s History Month.

New Investments

Ulu made seven Fund III investments in March, two remain in stealth.

 

Allocate’s digital platform offers a new way to access top-tier venture capital. The platform makes it easy for wealth advisors, banks, and family offices to access and track investments into top venture funds and co-investments at well below standard minimums.

CoreChain is an innovative blockchain-based B2B payments platform built for partners. The platform helps businesses to pay other businesses more quickly and efficiently compared to methods like paper checks, while unlocking working capital from unpaid invoices. CoreChain is the first network using blockchain technology to power payments and financing for marketplaces.

Eskalera’s workforce platform improves organizations by advancing employee retention, productivity, and growth by fusing HR data with employee sentiment, to produce a real-time view of company culture. The platform enables large and medium-sized companies to cultivate culture as a source of competitive advantage. Eskalera is also a Fund II company.


Kogniz uses AI and computer vision to modernize work-place safety and security. The platform can simulate real-world safety and security scenarios. It helps organizations run tabletop exercises for physical security and conditioning training to prepare security teams for real-life events. Kogniz is also a Fund II company.

VerImmune is developing an innovative and programmable virus-inspired particle (ViP) platform that can be used as a delivery system to target and treat numerous diseases. They are currently using the ViPs to develop a first-in-class cancer therapy called anti-tumor immune redirection (AIR) which redirects pre-existing memory T-cells from past infections to target cancers for destruction.

 

Thought Leadership

March was Women’s History Month and we celebrated our female founders with some amazing stats highlighting their accomplishments.

Miriam was featured on an in-person panel for the Bloomberg Equality Summit, Venture Capital: Investing in Change. They discussed inequities in access to capital for women and people of color and ways to address the problem. Miriam also highlighted Ulu’s diversity statistics regarding women and minorities and was later quoted in a Bloomberg article.

Clint and Miriam attended the Kauffman Fellows Summit in Mexico City where Clint spoke about the new KFP DAO (decentralized autonomous organization). He’s the volunteer lead on the tokenomics committee. It’s a way for a community to use cryptocurrency to drive and coordinate desired interaction and transactions.

Ulu principal Kathy Chen jumped into exploring the gaps in healthcare and investing with her blog on “Mind the Gap”.

Jayce Hafner, CEO and co-founder of FarmRaise told us about the power of finance in farming and how the company is helping farmers become more profitable and sustainable.

Jenny Xia Spradling, Co-CEO of FreeWill explained why she’s on a super-charged mission to assure a trillion dollars gets donated to charity.

Ulupreneur Michael Lai, CEO of Tinycare told us about his passion to tackle America’s childcare crisis through a network of Montessori-inspired micro daycares in urban areas.

 

In the News

It was a banner media month for Ulupreneurs who made headlines in Time, Forbes, ABC, the LA Times, Bloomberg and several other high profile media outlets.

BetterUp

Forbes highlighted BetterUp and Walmart’s combined effort to help millions of caregivers prioritize their mental health.

 Cion Digital

Yahoo!Finance profiled Cion Digital’s new partnership with CarNow and explained how buying a vehicle with crypto can simplify the process.

Coding Dojo

Developer featured Coding Dojo’s annual review of the programming languages most in demand in 2021.

EarnUp

Payments.com and several other media outlets featured EarnUp’s $31M Series C raise.

Finalis

Yahoo! featured news that Finalis earned a 2022 Great Place to Work certification.

Everlaw

Fast Company named Everlaw as one of the 10 most innovative enterprise companies of 2022.

FreeWill

Along with several out media outlets, Insider profiled FreeWill’s $30M Series B raise.

Guild Education

Time named Guild Education as one of the top 100 Influential Companies in 2022.

LexCheck

Insider, and several other media outlets, featured LexCheck’s $5M raise..

Modern Meadow

Yahoo! featured a piece about a tote company now using a new kind of leather alternative created by BioFabrica, a joint venture which includes Modern Meadow and Italian mill Limonta.

NowRx

Insider featured NowRx in an article describing how to invest in the private company that’s upending the $480B pharmacy industry.

Silicon Valley interviewed NowRx CEO Cary Breese about how the company is trying to make healthcare more convenient.

CrowdFund Insider featured news that NowRx has now raised $16.5M on SeedInvest.

RealBlocks

Bloomberg Black Business Beat featured Perrin Quarshie, CEO of RealBlocks, discussing its online platform, which provides access and liquidity for alternative investments.

Black Enterprise ran a feature on how RealBlocks landed a new deal to digitize the fund management process for LaSalle Investment Management. The deal will cover LaSalle’s $77 billion in assets under management.

Schmooze

Los Angeles Times included Schmooze in a piece about how dating apps are on the rebound.

SoFi

Time named SoFi to their list of The 100 Most Influential Companies of 2022.

Fox Business featured SoFi CEO Anthony Noto’s plea to President Biden to cancel $10k per borrower in student loan debt for distressed and defaulter borrowers.

Yahoo!Finance featured a SoFi work study that revealed three out of four workers are stressed about financial issues.

Yahoo!Finance interviewed SoFi CEO Anthony Noto about his call for the Biden administration to erase $10k in student loans for borrowers.

Yahoo! featured the launch of SoFi’s new no-fee cryptocurrency purchases for direct deposit members.

Sounder

AlleyWatch headlined Sounder’s $7.7M raise for the end-to-end podcasting platform.

Span

Bloomberg, TechCrunch and several other high profile media outlets headlined Span’s $90M Series B raise.

Sparkz

ABC News, Washington Post and other major news outlets featured Sparkz’s plans to build an electric battery plant in West Virginia with plans to employ 350 people.

Time by Ping

Insider featured a 22 page pitch deck used by Time by Ping in their $36.5M Series B raise.

Tomo Credit

American Banker interviewed Tomo Credit CEO Kristy Kim in a podcast about how she got funded despite not being part of the Silicon Valley “bro culture”.

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About the Author: Rusty Dornin

Rusty Dornin is the director of marketing and communications for Ulu Ventures. An award-winning radio and television journalist, she was a CNN correspondent for nearly 18 years covering domestic and world news ranging from war to natural disasters and tales of crime and politics