LULA

LULA

Software and APIs for insurance management

About LULA

Simplify's Rating
Why LULA is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Financial Services

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$31.3M

Headquarters

Overland Park, Kansas

Founded

2020

Overview

LULA offers software and APIs that help businesses manage their insurance processes more effectively. Their products include tools for policy management and claims handling, which are essential for companies of all sizes, from startups to large corporations. LULA's software simplifies the administrative tasks associated with insurance, allowing businesses to focus on their core operations. Unlike many competitors, LULA provides a comprehensive suite of solutions tailored to meet the standard needs of the insurance industry, making it easier for clients to handle their insurance requirements. The goal of LULA is to enhance operational efficiency for businesses by reducing the complexities of insurance management.

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Funded Recently
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Simplify's Take

What believers are saying

  • Raised $28M to expand into 60 markets, boosting growth and technology.
  • 135.27% revenue growth from 2021 to 2023, reaching $15.41M in 2023.
  • Partnerships with property management software streamline operations for property managers.

What critics are saying

  • Rapid expansion may strain operational capabilities, affecting service quality.
  • Increased competition from new insurtech startups could erode market share.
  • Reliance on partnerships may expose Lula to risks if synergies aren't realized.

What makes LULA unique

  • Lula integrates insurance services into business flows, enhancing operational efficiency.
  • Partnership with Property Meld offers unique vendor connectivity through Vendor Nexus.
  • Lula's Foresight product aims to revolutionize property tech with advanced analytics.

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Funding

Total Funding

$31.3M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$28M
LULA
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

↓ -8%

1 year growth

↓ -8%

2 year growth

↓ -8%
Bizjournals
Feb 3rd, 2025
Lula raises $28M to expand growth

Lula, a property tech company based in Overland Park, raised a $28M Series A round led by PeakSpan Capital. The funding will help Lula expand to over 60 markets, enhance its technology, and commercialize its new product, Foresight. The company plans to hire 20+ employees in sales, engineering, and leadership roles. Lula's revenue grew 135.27% annually from 2021 to 2023, reaching $15.41M in 2023.

PR Newswire
Mar 27th, 2024
Property Meld And Lula Revolutionize Vendor Relationships With Vendor Nexus Partnership

RAPID CITY, S.D., March 27, 2024 /PRNewswire/ -- Property Meld, the leading property management maintenance software in the property management industry, is proud to announce a partnership with Lula to launch Vendor Nexus. The program is designed to assist property managers in finding quality vendors while improving real-time technological connectivity. Property Meld, the leading property management maintenance software in the property management industry, is proud to announce a partnership with Lula to launch Vendor Nexus. The new program, one of the first of its kind in the industry, is expected to be a long-term project aimed at addressing the challenges and frustrations property managers face when sourcing great vendors that specifically meet the needs of their organization."Property managers must have access to top-notch vendors who can deliver exceptional service at competitive prices," said Ray Hespen, CEO and Co-founder of Property Meld. "Lula has been an amazing provider and continues to deliver a great service to our Property Meld clients, we're really excited about them joining Nexus and serving even more."

Business Wire
Feb 23rd, 2022
Lula Announces $3 Million Funding Round Led By Ret Ventures

KANSAS CITY, Mo.--(BUSINESS WIRE)--Lula, a smart property maintenance platform for single-family and multifamily rental owners, announced today the close of a $3 million funding round led by RET Ventures. Headquartered in Kansas City, Mo., Lula is a technology platform that streamlines the maintenance process for property managers and their tenants, reducing time spent on maintenance by nearly 60%. It integrates with popular property management software solutions, thereby allowing maintenance c

Startland News
Sep 4th, 2020
Pitching your startup to investors is about more than selling an idea, says Pitch Perfect leader

Perfecting a startup pitch depends on a founder’s ability to move beyond mere product knowledge and talk the investors’ language, said Kathryn Golden.

Startland News
Apr 22nd, 2020
Pitch & Pint: KC Collective unveils founders competing in real-time April 30 pitch event

Pitch & Pint competition is set to debut April 30 as a real-time, virtual event with eight competing entrepreneurs — from fintech and real estate startups to travel and social networking for dogs.

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