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Venture Capital News: Lula Scoops Up $35.5M Series B Round

2023-08-03
MIAMI, FL, Lula, the innovative insurtech startup known as the 'Stripe for insurance,' announced today that it has successfully raised $35.5 million in a Series B funding round.
The funding round was led by NextView Ventures and Khosla Ventures, with participation from Founders Fund, Steve McLaughlin, founder and managing partner of Financial Technology Partners, Steve Pagliuca, Co-Chair of Bain Capital and Co-Owner of the Boston Celtics, and Plug and Play Ventures.

Lula has quickly evolved from an API-based solution into a comprehensive insurance platform that aims to reduce insurance premiums and insurance related expenses for businesses of all sizes. The platform offers a wide range of tools, including risk management, claims management, policy management, and access to insurance coverage.
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