June 6, 2022

We are honored to have 85 Asian American and Pacific Islanders as founders in the Ulu portfolio and have spotlighted a few of their amazing stories in honor of AAPI Heritage Month. This past month also saw seven new investments, Ulupreneurs continuing to make news, and a celebration of our new Ulu headliner!

We are excited to welcome George Sanchez to the Ulu Ventures team as a research analyst. George spent time with us last summer as an associate and just graduated from Duke University.

Fund III Investments

We’ve made seven investments; three remain in stealth.

AnswerBite helps content marketing teams save time when creating and sharing engaging content with their prospects and customers.

Avela helps make educational decisions more equitable by giving enrollment, admission, and award officers the tools to make better choices.

Datacy helps consumers and businesses have more control over their data by deciding what information is collected and how it is shared—and get paid for it.

Novel Capital provides on-demand revenue-based financing and resources to drive a company’s software growth, without the drawbacks of traditional options that require collateral, personal guarantees, warrants, or hypergrowth.

Ulu Thought  Leadership

Miriam Rivera was a featured speaker at the Women’s Venture Capital Summit and discussed Looking Beyond the Valley—What Does Deal Sourcing Look Like in a Post-Pandemic World?  She highlighted key points such as the significant opportunities for investment in Silicon Valley’s diverse founders, and how hiring a diverse team also promotes diversification of sourcing and LPs.  

Miriam joined Nick Moran of New Stack Ventures on his podcast, The Full Ratchet, to discuss Ulu’s investments in 11 unicorns across all three funds, how the firm uses decision analysis to help reduce unconscious bias when making investments, and lessons from Google’s early days.

We celebrated Asian American and Pacific Islander Month by spotlighting a few of our awesome 85 AAPI Ulupreneurs. You can see their founder stories here.


Ulu Ventures Principal, Nancy Torres, was a speaker at Syndicate’s Twitter Spaces event “DAOs for Social Change and Impact.” She talked about Ulu’s focus on diversity, and how Syndicate fits into Ulu’s strategy given the potential for DAOs (decentralized autonomous organizations) to democratize access to capital and investing for diverse, underrepresented communities. 


Ulupreneur Headliners

Ulu portfolio companies continue to make headlines in major news outlets. We highlight here a few recognized during May for some amazing accomplishments.

Genesis Therapeutics and Eli Lilly entered into a strategic collaboration to discover novel therapies for up to five targets across a range of therapeutic areas. Genesis will partner with Lilly on three initial targets and will receive an upfront payment of $20 million. Bloomberg and a number of other outlets covered the news.

Guild Education and Zum, both co-founded by women, were named to CNBC’s Disruptor 50 list. In a separate article, CNBC also highlighted Guild Education and CEO Rachel Carlson, as one of the top-five women Disruptors.

Sparkz signed a labor pact with the United Mine Workers of America to help recruit and train dislocated miners at the new Sparkz electric battery production facility in West Virginia, which will employ about 350 workers. The Washington Post and several other national media outlets featured articles about this agreement. Sparkz is re-engineering the battery supply chain by eliminating cobalt, which is largely mined in developing countries.

More Ulupreneurs in the News

Cion Digital

BitcoinEthereumNews highlighted Cion Digital’s move into the Canadian market to help car dealers accept crypto.


CNBC interviewed Ellevest CEO Sallie Krawcheck about how women need to take steps now to make up ground lost during the pandemic;

in a Forbes interview, she talked  about women entrepreneurs and warned founders about the pitfalls of raising a Series B round.


The San Francisco Business Times ranked Everlaw as #2 on their Best Places to Work in the Bay Area list.


TechStartup and several other media outlets highlighted legal tech startup Formaly’s $2.3M raise to help immigrants and asylum seekers.

Modern Meadow

TechCrunch mentioned Modern Meadow as one of the top startups spinning out cell-grown leather.


Forbes mentioned NowRX in a healthcare article highlighting the rise of prescription drug delivery services.


Adviser News wrote about Prixz’s aim to become the next Mexican unicorn.


Forbes included RealBlocks in an article about platforms leading the alternative investments tech revolution.


Business Insider interviewed five Asian Americans about what wealth means to them in an article that includes quotes from TomoCredit’s Kristy Kim.


Benziga featured WiseTack’s inclusion in GGV Capital’s SMBTech 50 list.



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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