Ulu Ventures, having recently raised a $208 million fund, continues to emphasize its commitment to diversity in investment despite large corporations like Google and Meta scaling back their DEI initiatives. Co-founded by Miriam Rivera, the firm applies a data-driven strategy to minimize biases in selecting investments. Ulu's partners acknowledge the heightened risks associated with diversity efforts under the new administration but maintain that a rigorous approach to data allows them to support diverse founders without favoring particular demographics. The firm’s success is reflected in its fourth fund, significantly larger than the previous one, indicating strong support from limited partners for its diversity strategy.
Ulu Ventures remains committed to investing in diverse founders, leveraging a data-driven approach even as large corporations wind down their DEI initiatives.
The firm notes that being strong on DEI requires diligence in avoiding biases through data, a stance that resonates with their limited partners.
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