# Lula Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lula-technologies

- Industry: Software
- Headquarters: Miami, US
- Website: www.lula.is
- Total disclosed funding: $51M
- Latest round: Series B (Jul 7, 2023)
- Investors on record: 7

## About

Founded in 2016 and based in Miami, US, Lula Technologies, Inc. (Lula) operates as an insurance service program. The company was co-founded by CEO Matthew Vega Sanz and President Michael Vega Sanz. In July 2023, Lula Technologies, Inc. raised USD 33.37 million in series B funding co-led by returning investors Khosla Ventures and NextView Ventures, with participation from another returning investor Founders Fund. New investor Plug and Play Ventures, individuals, and other unspecified investors also participated in the round.

The company operates as an insurance provider that helps small and mid-sized car- and truck-rental companies to manage their insurance needs and conduct driver risk assessments, manage episodic insurance policies, claims to handle, and more. Lula provides insurance services to car rental companies, trucking and logistic companies, car-sharing platforms, rentals for military personnel, and other organizations.

The company plans to use its funding from July 2021 to onboard nearly 2,000 companies for its insurance solution and triple the size of its team.

## Funding rounds

- Series B, Jul 7, 2023, $33M — Founders Fund, Khosla Ventures, NextView Ventures, Plug and Play
- Series A, Jul 8, 2021, $18M — Founders Fund, Khosla Ventures, NextView Ventures, Flexport, Inc., Shrug Capital, Florida Funders

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A, Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Series A, Series B
- Flexport, Inc. — Series A
- Shrug Capital (https://capitalatlas.ai/funds/shrug-capital) — Series A
- Florida Funders (https://capitalatlas.ai/funds/florida-funders) — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series B