This is the Lula pitch deck to raise a $18m series-a round in 2021.
About
The Services collectively comprise a peer-to-peer marketplace that connects vehicle owners (“Owners”) with drivers seeking to rent such vehicles (“Renters” and, together with Owners, “Members”). The Services enable Owners to publish their vehicles as available to rent (each, a “Listing”), and to communicate and transact directly with Renters seeking to rent such vehicles. As the provider of the Services, Lula does not own, create, sell, resell, provide, control, manage, offer, deliver, or supply any Listings. Owners alone, and not Lula, are responsible for their Listings. When Owners and Renters enter into an agreement to rent a vehicle, they are entering into a contract directly with each other. Lula is not and does not become a party to or other participant in any contractual relationship between Owners and Renters. Lula is not acting as an agent in any capacity for any Owner or Renter.
Miami-based insurance infrastructure startup Lula recently announced it raised $18 million in a Series A round co-led by Founders Fund and Khosla Ventures. SoftBank, hedge-fund billionaire Bill Ackman and previous Lula investors Nextview Ventures and Florida Funders also took part in the round.
Considered the “Stripe for insurance,” Lula provides companies of all sizes with their insurance infrastructure, providing customers with services ranging from fraud detection to driver history checks.
The round was the third-largest Series A in Miami’s funding history, and the company intends to help build the growing Miami tech ecosystem. Lula’s founders are 25-year-old twin brothers Michael and Matthew Vega-Sanz, sons of Puerto Rican and Cuban immigrants, who grew up on a small South Florida farm.
“The way that I see it, we can truly make Lula a generational company that’s going to go on and create thousands of jobs and thousands of opportunities and our goal is to do all of that here in Miami.”
Funding rounds
|
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Jul 8, 2021 | Series A – Lula | 10 | $18M |
Founders Fund, Khosla Ventures
|
| May 3, 2019 | Convertible Note – Lula | 1 | — | — |
| May 7, 2018 | Pre Seed Round – Lula | — | — | — |
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