The American investment bank, Goldman Sachs Invests in Ulu Ventures under its Launch with GS Initiative.
Goldman Sachs has also announced that it has committed an additional $500 million to invest in diverse business and funds through launch With GS, doubling its original commitment for a total of $1. billion.
The Head of Launch With GS, Suzanne Gauron said:
“Our investment in Ulu Ventures furthers our shared goal to increase access to capital and facilitate connections for women, Black, Latinx and other diverse entrepreneurs,”
She also added that Ulu is a great example of Goldman Sachs thesis that team outperform because of their perspectives and experiences
The Chief Executive Officer, Co-Founder and Managing Director, Miriam Rivera said:
“Ulu has created a data-driven, disciplined investment process designed to manage risk, produce top-tier financial returns, and reduce cognitive bias,”
“Launch with GS, and its investments in underrepresented minority-led funds like Ulu, bring capital, energy, and support to the vibrant community of diverse founders.”
About Goldman Sachs
The firm is one of the leading global financial institution which delivers a broad range of financial services across investment management, investment banking, customer banking and investment banking.
The services they provide is to huge corporations, governments, financial institutions and individuals.
About Ulu
Ulu is a venture firm which primarily focuses on enterprise IT, it also focuses on market opportunity created by the Stanford and Silicon Valley communities.
The company seeks to generate financial results using a disciplined, repeatable decision making process that analyses risk-reward trade-offs.
