Ulu Ventures sticks to its diversity strategy, raises $208M

While large corporations like Google and Meta are curbing their DEI programs, Ulu Ventures, which just raised a fourth fund at $208 million, doesn’t plan to change its strategy of investing in diverse founders, the firm told The Wall Street Journal.

Co-founded by Miriam Rivera, a Latina and former vice president and deputy general counsel at Google, Ulu uses a data-driven investment approach to filter out biases.  

The 17-year-old firm, which invests in seed startups, is mindful that continuing diversity efforts may raise risks under the…