Who invested in Lula

3 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AIB2BFintech

Raised 9 months ago

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Funding summaryUpdated 5 Nov 2026

$85Mraised across 3 rounds since 2023, from 3 sources

$36MSeries B$28MSeries A$21MGrowth

Latest round: Growth, $21MFeb 2026
Led by: FMO
Biggest round: $36MSeries B · Aug 2023
Investors: 8 (1 led)

See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

202420252026

$36MSeries B$28MSeries A$21MGrowth

First round: Series B, $36M
Biggest round: $36M
Usual gap between rounds: 18 months

LulaAI1 / 10Their pitch deckLula's pitch deck, 10 slidesEach slide read for what it argues, against the decks that raised at the same stage.

The rounds

Feb 2026
Growth$21M1 new
- FMOLead
Reported by Disrupt Africa
Feb 2025
Series A$28M2 new
- PeakSpan Capital
- RET Ventures
Source recorded
Aug 2023
Series B$36M5 new
Source recordedSEC filing: $33M sold, first sale Jul 2023

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series B2023Series A2025Growth2026

FMOL

Everyone who backed them

FMOGovernment1round, led 1

Plug and PlayAccelerator1round

Khosla VenturesVC firm1round

Founders FundVC firm1round

Florida FundersVC firm1round

Shrug CapitalVC firm1round

PeakSpan CapitalVC firm1round

RET VenturesVC firm1round

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Also claim to have backed them

These 5 firms list Lula as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.