Amidst concerns over diversity, equity, and inclusion (DEI) efforts in the tech industry, Ulu Ventures remains committed to investing in diverse founders. The firm recently closed its fourth fund at $208 million, representing a 50% increase from its previous fund.
Ulu Ventures was co-founded by Miriam Rivera, a Latina and former Google executive. The firm employs a data-driven approach to identify and mitigate biases in the investment process. This approach has gained support from limited partners, enabling the firm to raise a larger fund than before.
Despite concerns that the current administration may impact DEI initiatives, Ulu Ventures remains resolute in its strategy. The firm believes that continuing these efforts is crucial in promoting innovation and economic growth. However, the firm emphasizes that data-driven investing does not equate to favoring any particular founder demographics.
Original source: Read the full article on TechCrunch
