Matt Penneycard

Founding Partner, Ada Ventures
Matt Penneycard leads climate equity investing, backs early-stage startups often before product-market fit, brings PE and VC experience since 2002, authors investment case studies and valuation advice, and runs ultramarathons.
How to contact Matt Penneycard
Stages their fund invests in
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Avg Check
$250K - $500K
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Does their fund Lead?
No
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Geos their fund invests in
Europe
Matt Penneycard
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Sectors their fund invests in
Under-represented founders
Health
Climate
Fintech
Future of Work
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$250K - $500K
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Leads?
No
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About Matt Penneycard

Matt Penneycard leads climate equity investing at Ada Ventures and invests at the earliest stage, often before startups have clear signs of product-market fit, drawing on an investing background in both PE and VC across London and New York since 2002. He writes his own investment case studies and valuation advice for founders, and outside of work he serves on several boards spanning cricket, refugee support, and academia while having run more than 25 marathons and ultramarathons around the world.

About their Fund

Sectors
Under-represented founders, Health, Climate, Fintech, Future of Work
Rounds
Pre-Seed - Seed
Avg Check Size
$250K - $500K

Ada Ventures is co-founded by Francesca Warner, who also created the global Diversity VC Standard that benchmarks inclusive practices in venture capital, making it effectively run by the person who wrote the rulebook on diversity in VC. The fund operates under an Inclusive Alpha investment thesis, arguing that serving overlooked users and markets is a structural source of financial outperformance, and publishes original research on women in UK venture capital while building AI-powered tools to widen access for under-networked founders.

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