Hula

Founded in 2019, Hula is a venture capital firm based in Burlington, Vermont. It focuses on investing in seed and early-stage technology startups operating in sectors such as deeptech, greentech, medtech, AI/ML, electric propulsion, SaaS, and battery tech within Vermont and Northern New England regions.

Robert Lair

Managing Partner

4 past transactions

Syntensor

Seed Round in 2024
Syntensor is a developer of a drug and risk analysis platform that focuses on generating causal hypotheses regarding drug efficacy and systemic toxicity. The company has created a sophisticated platform that employs a single mechanistic model of human physiology, allowing for the simultaneous simulation of complex metabolic interactions across all cells and tissues. This innovative approach enables researchers to predict the efficacy of drug development more accurately, thereby enhancing the understanding of potential risks associated with new pharmaceuticals. Through its advanced technology, Syntensor aims to improve the drug discovery process and contribute to safer and more effective therapeutic solutions.

Benchmark Space Systems

Convertible Note in 2022
Benchmark Space Systems, Inc. is a company that specializes in the research, design, and manufacture of propulsion products tailored for the small satellite market. Founded in 2014 and based in South Burlington, Vermont, with an additional office in Burlington, the company provides integrated spacecraft propulsion systems, mobility subsystems, and orbit transfer products. Its offerings are essential for various satellite operations, including orbit insertion, deorbit, collision avoidance, and momentum management. Benchmark Space Systems is focused on delivering low-cost propulsion solutions that utilize a non-toxic, inert chemical, enhancing safety in transport and storage. The company's proprietary resistor jet micro propulsion system combines thruster, propellant storage, and control hardware into a compact package, making it an attractive option for businesses, scientists, and universities looking to utilize small satellites. With the small satellite market projected to grow significantly, Benchmark Space Systems is positioned to play a key role in this sector's development.

Reconciled

Seed Round in 2021
Reconciled is an online bookkeeping service specializing in supporting entrepreneurs and small businesses. Founded by Michael Ly and Bonnie Reese, the company leverages cloud-based software and tools to manage daily bookkeeping tasks, allowing clients to focus on their core business activities. Reconciled offers additional Controller and CFO services for growing companies with complex accounting needs. The team comprises U.S.-based accounting professionals holding relevant certifications or equivalent experience, ensuring consistent, high-quality service.

Biocogniv

Pre Seed Round in 2020
Biocogniv develops AI-powered diagnostic tools for hospitals, delivering real-time clinical intelligence by integrating with electronic health records. Its platform analyzes standard blood tests and other data to screen patients for COVID-19 and to predict sepsis-related in-hospital mortality and ICU admission at emergency department presentations, enabling non-invasive, data-driven decision making. The solution plugs into existing EHR workflows to improve quality, lower costs, and expand access to care. The company was founded in 2019 and is based in Burlington, Vermont.
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