South Miami-based Lula plans to triple its team by the end of the year after closing an $18 million Series A financing round led by Silicon Valley venture capital firms Founders Fund and Kholsa Ventures.
The car insurance startup, which calls itself the “Stripe for insurance,” will use the funding to increase hiring and bring its service to the nearly 2,000 companies on its waiting list. Several notable investors – including SoftBank, hedge fund manager Bill Ackman, and previous investors Nextview Ventures and Florida Funders – contributed to the financing round.
