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
Notable Investments
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.
Notable Fund
Investments
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
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7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
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2
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Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
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2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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