We believe VC should be open source. That's why we're releasing the first ever 💥Ada Ventures Impact Report today 💥 To read the report: Since we launched, we've tried to be as transparent as possible about how we're building Ada Ventures and how we make our investment decisions. We do this because: 1️⃣ We believe being open helps VCs do better by removing places to hide 2️⃣ We want other people to see, adopt and evolve our ideas 3️⃣ We want to be held to account and know where we could do better Today we're taking that one step further. This report dives into our thesis, our impact, and the current portfolio in a ton of detail. We're laying it all out on the table. Insights include: 1️⃣Progress against our Inclusive Alpha® goals 2️⃣How our Ada Scout and Angel programmes are developing, inc.: 👉 In Ada Fund II, 6/19 (32%) investments so far have been sourced by Ada Scouts 👉The Ada Scouts have helped us reach 6x more all-Black teams and 10x more all-female teams than the UK benchmarks 3️⃣Diversity stats for our portfolio, inc.: 👉78% of Fund I and II companies have an underrepresented founder 👉56% have a woman founder (vs 28% of wider market – IWC 2024) 👉76% have a founder from an ethnic minority 4️⃣Growth stats from a selection of our portfolio companies - showing that inclusion and outsized returns go hand-in-hand. Thank you to everyone who helped bring this report to life including: @checkwarner (Founding Partner), Shanika Amarasekara MBE (Venture Partner: Impact), Xun Ning Choong, (Head of Operations and Impact Lead) and Carla Adol Designs. We are also grateful for the support we’ve had from the Limited Partner community. Thanks to their belief and backing, we now have £120m of assets under management. We’d like to highlight and thank the LPs who contributed to this report including: Joe Shamash, Investment Director, @BetterSocCap Ken Cooper, Managing Director, Venture Solutions, @BritishBBank Tamara Savic, Senior Investment Manager, @Eifo_fond Dr Catherine Martin, Vice-Principal, Corporate Services, @EdinburghUni Betsy Zimmerman, Co-Founding GP, @close_first The report highlights case studies of the high impact companies and founders we’ve backed including: The @EstherGiving team lead by Carol Rossborough The @FlexaHQ team lead by Molly Johnson-Jones The @organisehq team lead by Nat Whalley The @greenworkx_ team lead by Mat Ilic The @Blakbear_ team lead by Dr. Max Grell Phd The @oxmedprod team lead by Dr. Camilla Easter The @ToothFairy_app team lead by Dr. Deepak Singh Aulak The @researchgrid team lead by Dr. Amber Michelle Hill, PhD We would love to hear your feedback on these metrics and insights.

Investing in the best, not just the best-connected is at the core of everything we do. That’s why we’re pleased to be partnering with Unstoppable Founders Summit—a virtual event for women who are scaling businesses that will leave a lasting impact. We believe in backing European founders building businesses for a better human future is key to unlocking Europe’s next wave of innovation. Join our Venture Partner, @jasmincbd , as she shares insights as a former founder turned VC on how to prepare for your next fundraise. Unstoppable Founders Summit:

Tomorrow @michaeltefula, Principal and Head of Product at Ada will join a panel of leading voices at #AIFringe 2025 as they consider how to ensure AI startups and scaleups can compete on the global stage. The panel will be a retrospective on the UK AI startup ecosystem’s role in the greater international AI debate. In London, Michael will be joined by Sam Hields Partner at @openoceanvc, Daniel Quirke Public Policy Manager at @wayve_ai, Ambarish Mitra Founder at @greyparrotai and @vinousali Deputy Executive Director at @StartupCltn If you’re unable to join Michael in person, you can follow what's happening on the AI Fringe livestream: To read Michael's view on the social good that might stem from automation:

Ada's Principal and Head of Product @michaeltefula alongside @nathanbenaich from @airstreet spoke with @MartinJBCoulter and the @Siftedeu team about the implications of @deepseek_ai Why has this release impacted stocks so significantly and what it means for European startups... Follow the story:

🌟Ada Ventures — 5 Years in 🌟 2024 has been a transformative year at Ada Ventures! Read our annual year in review: We reported on our Inclusive Alpha® commitments. Inclusive Alpha® is an investment approach where an inclusive lens is prioritised in every part of the investment process. We’ve welcomed amazing new team members, reported on our innovative initiatives like free childcare for founders and launched AdaGPT. This year, we closed our oversubscribed Fund II at £63m, backed by amazing LPs, and deployed £8 million across 13 new investments in groundbreaking companies like Radiant Matter, PHINXT Robotics and @LowCarbonM to name a few 🚀 We’ve also expanded our team and network, welcoming incredible talent including @michaeltefula, @jasmincbd, @dorothychou, @benjmnjn and Shanika Amarasekara MBE who are driving impactful change. We’re incredibly proud of our portfolio companies, like @MaterialsNexus, which is revolutionising clean energy technology, Multiomic Health, whose innovations in diabetic care are truly paving the way for proactive health solutions and @researchgrid announced in November that they raised $6.5 million to make clinical trials admin-free.

🎉 Our founding partner, Matt Penneycard, recently hosted our end-of-year celebration with the incredible Danish Ada Angels and Scouts. It was a chance to embrace the cozy spirit of Denmark while reflecting on their collective wins and learnings from the year. As they look ahead to 2025, the community are gearing up for an exciting start, ready to scout for new companies aligned with our investment themes and to make direct investments through the Ada Angel programme. Curious about our latest Angel programme: #AdaAngels #EndOfYearCelebration #InnovateInvestInspire

Ten ways we can use technology to reduce health inequity To read our full recommendations: Enabling everyone to live healthy lives for longer is core to our mission. At the first Ada Ventures Health Equity dinner, we challenged portfolio founders, investors, and LPs to envisage a future for healthcare that works for everyone. The dinner featured a fireside chat with Tamsin Berry OBE on the eve of the Jefferies London Healthcare Conference, the largest healthcare-dedicated conference in Europe and a hub for innovation and investment. Tamsin is a partner at Population Health Partners, an investment company focused on transforming health outcomes for populations using innovative therapeutics. Our discussions revolved around gender and racial disparities in access to care; mental health and young people; better access to health data for individual patients; and the next generation of diagnostic tools. As usual, our dinners are under Chatham House Rule to allow participants to speak openly and honestly about what they want to see changed in health equity. We have shared the ten ways technology can be used to reduce health inequity below ��� 1. Intervene earlier 2. Fund diagnostics, not just drugs 3. Look holistically 4. Release the data 5. Use AI, but use it properly 6. Make patients active in their own healthcare 7. Consider the care giver 8. Think outside the box 9. Adopt a longer-term approach for investment 10. View the NHS as a catalyst for global change

In 2021, our Founding Partner @checkwarner first wrote about parenthood and venture capital and then shared her lessons around taking parental leave as a founder in 2023 Parenthood & venture capital: Taking parental leave as a founder: what we learned at Ada and how to set you and your team up for success: In October 2023, we launched Inclusive Alpha® and childcare support Inclusive Alpha®: Why childcare: Listen to Check on @SkyNews : Last month we reported on the result of year 1 and we continue to make the case that childcare Is VC's most overlooked investment Read Check’s Forbes piece: Read Diarra’s piece on whether childcare challenges stopping founders from scaling:

Investing in Women: The Untold Stories of Women in VC @wvce_tech surveyed 120 women, including 20 in-depth interviews, to produce a first of its kind report into women’s experience going on maternity leave and returning to work. Download the report: We purpose of the report is: ✨ To shine a light on the very real challenges that women in the industry face ✨ To enable women in the industry to feel seen and heard, and know they are not alone ✨ To offer guidance, support, and practical tips to women, households, colleagues, funds and GPs Ada Ventures Founding Partner, @checkwarner commented: “The concerning stats in this report should be a wake-up call for the VC industry where parents, particularly women, have been massively let down. The findings in this report unfortunately chime with the stories of numerous women who have children when working in VC and who have felt completely unsupported by the funds that they work for. This is a big missed opportunity as VC should be compatible with having a family . If we as an industry don’t fix this, we will miss out on the best talent and therefore the best returns for investors.”

📢 We are thrilled to share that we have appointed @michaeltefula as Principal & Head of Product and have launched ✨AdaGPT✨ Following an open recruitment process using the Applied de-biased hiring platform earlier this year, Michael has been appointed Principal and Head of Product. Follow the story in @tech_eu: Alongside his responsibilities as an investor, Michael will also be taking on the role of Head of Product. As a self-taught software developer, Michael will design and build new tools to aid the fund's investment strategy and support founders. The first of these new tools - the beta of which we've launched today - is ✨AdaGPT✨ Try ✨AdaGPT✨(beta) today: ✨AdaGPT✨ offers founders instant feedback on their decks - creating an anonymous, free-to-access sounding board for any founder to use before they approach us. We have an Open Venture ethos, which means we firmly believe that exceptional founders can come from anywhere and that investment decisions should be objective, transparent and fair. We know how much time founders waste during fundraising, and we are keen to do something about it in our own business. Michael brings a wealth of experience, having held a senior investment role at Downing Ventures and taken part in the Atomico Angels programme, as well as time spent in operator roles. Michael is a Chartered Accountant and published author. Over the last three years, Michael has made over 20 angel investments in early-stage startups. He is also a board advisor for the @oxfordseedfund Michael will be leading pre-seed investments in Ada's economic empowerment thesis. If you're a founder building a company that broadens access to work, money or skills, get in touch!

RT @checkwarner: Love the question "what if it works"? At @adaventures, we believe that talent is evenly distributed, but it's the opportun…

📢#PortfolioNews Research Grid has raised $6.5 million to make clinical trials admin-free @DominicMadori from @TechCrunch spoke with @AmberMichelleH who shared that revenue grew 20x last year and is expected to continue to grow: Research Grid, an Ada portfolio company is an AI startup that helps medical research institutions automate back-office admin for clinical trials. Led by founder and CEO Dr. Amber Michelle Hill, PhD, Research Grid will continue to double down on its mission of making clinical trials faster and more successful.“ “Whether you’re a pharmaceutical company, a CRO, or a clinical research site, we can help run faster, more successful clinical trials. We’ve already seen how AI is accelerating drug discovery and it’s time to do the same in clinical trials” Dr. Hill shared Matt Penneycard, Founding Partner at Ada Ventures shared: "We've backed Amber since day one and we're proud to still be on this journey with her. The clinical trials market is ripe for distribution and Research Grid has built what we believe are category defining solutions to automate workflows, eliminate admin, and ultimately make life-changing science happen faster. Amber encapsulates everything we at Ada Ventures look for in a founder and we can't wait to see her take this game-changing company into the next phase of growth." Follow our Inclusive Alpha® profile on Dr. Amber Hill PhD: The round was led by @fuelventures, with participation from Arve Capital, Ada Ventures, @MorganStanley Inclusive Ventures Lab, Arāya Ventures, Ascension Ventures, @PlugandPlayTC Ventures, and @atomico Angels.

Our Founding Partner, @checkwarner sat down with @MartinGTobias and @PreSeedNow for their popular investor interview series. Read the full interview: Check shared: 👉 Her unusual background in VC and how she first learned about venture 👉 How she met Matt Penneycard in a previous firm 👉 Ada as a pre-seed fund, and some of its recent investments including PHINXT Robotics and Radiant Matter 👉 A core tension in VC: VC should be about risk-taking and finding outliers, but it is often akin to risk mitigation and pattern matching. 👉And her plans for Ada Ventures as it seeks to help VC break free of pattern-matching

@adaventures is excited to back this brilliant automation play - check out the awesome product demo 👇

We’re thrilled to celebrate four exceptional leaders featured in the @Founders_Forum's 100 Founders to Watch list for 2024. The 100 Founders to Watch list have launched disruptive new businesses, driving climate action, accelerating accelerating #AI, innovating across 20+ industries from #femtech to #spacetech, and they’ve raised more than $1.1b between them. Kudos from the entire Ada team to the portfolio founders who were included: 👉Dr. Camilla Easter, CEO of @oxmedprod 👉Hana Janebdar, co-founder and CEO of @wearejunobio 👉Dr. @natashaboulding PhD, co-founder and CEO of @LowCarbonM 👉Elissa Brunato, co-founder and CEO of Radiant Matter Discover the full list here 👉 According to @marcodenov Group Editor at Founders Forum Group & @TechNation, for many founders who identify as women, there are still significant challenges when it comes to raising investment. Startups founded or co-founded by women raise just 10% of total VC funding in Europe, and women-only founded startups raise just 2% of funding in the US. Companies led by Black women receive less than 1%.