Portfolio Day 2026 Tuesday 13 October, Auckland
NZVC

The clippings file·2025

Lula Commerce raised an $8 million Series A

An $8 million Series A funded wider digital tools for convenience stores. Lula partnered with Core-Mark, a Performance Food Group subsidiary, to roll online delivery and food service out across Core-Mark's convenience store network.

We backed Lula because hundreds of thousands of convenience retailers still run on foot traffic alone, and on-demand delivery gives them a new channel without new real estate. Every store that joins makes the platform more useful to the delivery networks, and every network makes it more useful to stores, which is what a distribution partnership the size of Core-Mark's accelerates.

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