Unicorn investor Ulu Ventures increases stake in BNPL/e-commerce platform Zebit

Ulu Ventures, an early investor in tech unicorns SoFi and Palantir, has increased its stake in Zebit (ASX:ZBT).  US based VC, Ulu Ventures, is fast gaining a name as a top picker of potential unicorns in the tech space investing in  the likes of Palantir and SoFi in their early stages.  The venture capital fund recently raised $184 million for its third fund, well beyond the $133 million target set and more than double the amount raised for its previous fund.  It also increased recently its stake in US based, ASX-listed BNPL/e-commerce platform Zebit (ASX:ZBT) making it a major shareholder in the company with a stake of almost 8%.  As one of the fast growing hybrid e-commerce / BNPL plays on the ASX, Zebit does things a little differently and this is exactly what Ulu founder and CEO Miriam Rivers likes about the stock.

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