See other companies on Welcome to the Jungle
Lula
Insurance infrastructure for the modern economy
- 101-200 employees
- B2B
- Enterprise
- Insurance
- SaaS
- API
- South Miami, FL
Jump to section
Company mission
To help companies to handle all of their insurance needs, from industry standard coverage, and policy management, to claims handling and more.
103% employee growth in 12 months
Our take
For many companies, building an insurance infrastructure can be expensive and time-consuming. Lula solves this problem by enabling companies of all sizes to build and maintain viable insurance programs.
Initially founded as a car-sharing app for college students, the company pivoted its focus to insurance in 2021, raising $18M to accelerate this pivot. By leveraging the insurance infrastructure its founders built into the car rental app, Lula's API has become the Stripe of insurance.
Lula's main challenge will be competing with other insurance infrastructure developers. However, the company's high profile, solid backing, growing portfolio, and broad focus on small businesses and enterprises will give it a vital edge.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (2 rounds)
Aug 2023
$35.5m
SERIES B
Jul 2021
$18m
SERIES A
Total funding: $53.5m
This company has top investors
Leadership
Matthew Vega-Sanz
(CEO)Previously co-founded 180 Degrees Consulting and worked as an Entrepreneur at SoFi.
Michael Vega-Sanz
(President)Served as VP of 180 Degrees Consulting and was Cohort Leader at Butler Venture Accelerator Program.