Palo Alto, California-based Ulu Ventures has raised $41.075 million toward a $50 million target for its second fund, according to a regulatory filing. The firm has raised commitments from 58 investors, the filing shows. The firm is led by husband-and-wife Managing Directors Miriam Rivera and Clint Korver. Palo Alto, California-based Ulu Ventures has raised $41.075 million toward a $50 million target for its second fund, according to a regulatory filing. The firm has raised commitments from 58 investors, the filing shows. The firm is led by husband-and-wife Managing Directors Miriam Rivera and Clint Korver.