Ulu Ventures, a seed-stage venture firm with $200 million AUM and 10 unicorns in its portfolio, has promoted two first-generation American women to partner.
Kathy Chen and Nancy Torres are taking up leadership positions within the growing investment team at Ulu Ventures, headed by Managing Directors Clint Korver and Miriam Rivera, (who is also CEO and co-founder) along with CFO and investment team member, Steve Reale (who was also recently named partner).
These promotions will boost Ulu’s capacity to review new investment opportunities, expand expertise in industry sectors, and build on Ulu’s pioneering work of investing in diverse founders; more than 75% of entrepreneurs across Ulu’s three funds are diverse.
Chen is focused on healthcare and sustainability. Prior to Ulu Ventures, she spent eight years in direct investing, covering early- and late-stage companies across consumer, industrial, health, and climate sectors.
Torres is focused on backing diverse teams in fintech and web3, areas where founders are unlocking new types of access to opportunity. Prior to Ulu Ventures, she worked in technology investment banking at Goldman Sachs, advising leading software, internet, and fintech companies on strategic transactions.
