The Fund at Hula is a Vermont venture capital firm launched by Hula’s founder, Russ Scully, and managed by Rob Lair and Tim Wall. It backs high-growth and value-aligned startups rooted in the state, guided by the question: What if world-class companies could grow right here in Vermont?

The Fund’s mission is to scale Vermont-based companies that create jobs, strengthen local economies, and deliver sustainable solutions for communities and the environment. Rather than pursuing extractive models, The Fund invests in founders building businesses with long-term, net-positive potential.

Early investments include Benchmark Space Systems, Beta Technologies, CoreMap, and Greensea IQ, companies that have helped define The Fund’s vision. Today, The Fund continues to grow Vermont’s innovation ecosystem through capital, mentorship, connectivity, and community.

The Fund at Hula

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The Fund at Hula

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