**[Original Video Description – Edited for SEO]**
**Ada Ventures launches with a $34M fund aimed at super-charging diverse global founders**
According to Atomico’s recent “State of European Tech, 2019” – widely considered by the European tech industry to be a reliable annual study – at present, 92 in every 100 dollars invested in Europe goes to all-male teams, 83% founders are white, 82% are university educated, in the UK, a quarter of investment committees saw no female founders in 2017 (British Business Bank) and 72% of VC funding is invested in London alone (London & Partners and Pitchbook, 2018).
As you can see, that is a massive problem for the future of diversity in the European tech industry.
At the same time, there are now multiple studies showing that not only is diversity a key component of success for any start-up, but that diverse founders are underrepresented, and yet afford a huge investment opportunity. If confirmation bias among people who all went to the same school and have the same background slowly kills new takes on innovation, where then will the new solutions to the world’s problems come from?
London-based Ada Ventures (named after Ada Lovelace, the first computer programmer) which launched quietly earlier this year, has now announced that it aims to address this problem with a new $34m (£27m) fund, designed as a “first-cheque” seed fund.
The firm says it’s “on a mission to make venture capital truly accessible to the best talent in the UK & Europe, regardless of race, gender or background.”
At TechCrunch Disrupt in Berlin today, founding partners [Francesca Warner](https://www.linkedin.com/in/francesca-w-11b08661/) and [Matt Penneycard](https://www.linkedin.com/in/matthewpenneycard/) will be discussing with me live on stage how they raised the fund and how they will put this into practice.
The background to the fund is interesting both in its aims and in the context of, a set of keywords/tags associated with the video: [vid_tags](#vid_tags), and a full transcript of the video itself: Adah ventures launches with a 34 million dollar fund aimed at supercharging diverse global founders according to atomic errs recent state of European tech 2019 widely considered by the European tech industry to be a reliable annual study at present 92 in every 100 dollars invested in Europe goes to all-male teams
83% found as a white 82% to university educated in the UK a quarter of investment committee saw no female founders in 2017 British business bank and 72 percent of VC funding is invested in London alone London and partners in pitchbook 2018 as you can see that is a
Massive problem for the future of diversity in the European tech industry at the same time there are now multiple studies showing that not only is diversity a key component of success for any startup but that diverse founders are underrepresented and yet afford a huge investment opportunity if confirmation bias among people who
All went to the same school and have the same background slowly kills new takes on innovation where then will the new solutions to the world’s problems come from london-based haider ventures named after Ada Lovelace the first computer programmer which launched quietly earlier this year has now announced that
It aims to address this problem with a new 34 million dollars 27 million pounds fund designed as a first Czech seed fund the firm says it’s on a mission to make venture capital truly accessible to the best talent in the UK and Europe regardless of race gender or background
At TechCrunch Disrupt in Berlin today founding partners Francesca Warner and Matt Penney card will be discussing with me live on stage how they raised the fund and how they will put this into practice the background to the fund is interesting both in its aims and in the
Context of brexit many VC firms in the UK have been previously part funded by the European Investment Fund effectively in this context the UK’s sovereign fund – the British business bank will cornerstone the fund through its enterprise capital funds ECF programme which supports new and emerging VC fund managers who target the early-stage
Equity gap other investors include global funds such as us-based blue sky capital and dubai-based tres Marla alongside individuals from across the global tech ecosystem plus a roster of star power in terms of European players it includes transferwise co-founder tavataan riku’s supercells co-founders backstage capitals Allen Hamilton the fund is also
Backed by leading figures from industry such as Dame sillas Nobu Silicon Valley Law Firm Wilson Sonsini and later stage funds at amigo and in oviya capital so what’s the deal well as they put it it’s the funds aim to have the most diverse pipeline and portfolio of any
Fund in Europe ADA says that they will look to invest a five hundred thousand pounds first check which comes post initial product but pre-law for more on this story visit the [news article link](https://techcrunch.com/2019/12/10/ada-ventures-launches-with-a-34m-fund-aimed-at-super-charging-diverse-global-founders/) you .
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**Ada Ventures: Super-Charging Diversity in European Tech with $34M Fund**
Discover Ada Ventures, a London-based venture capital firm aimed at super-charging diverse global founders in the European tech industry. According to Atomico’s “State of European Tech, 2019” report, the current investment landscape consists of 92 out of every 100 dollars invested in Europe going to all-male teams[^1^]. This lack of diversity poses a significant problem for the future of the industry.
Research has repeatedly shown that diversity is a crucial component of startup success, yet diverse founders remain underrepresented. Ada Ventures recognizes this as a valuable investment opportunity and seeks to address the issue by launching a $34 million (£27 million) fund specifically designed as a “first-cheque” seed fund[^2^].
Named after Ada Lovelace, the first computer programmer, Ada Ventures is on a mission to make venture capital accessible to the best talent in the UK and Europe, regardless of race, gender, or background[^2^].
Join the founding partners, Francesca Warner and Matt Penneycard, as they discuss the fund’s creation and plans during their live session at TechCrunch Disrupt in Berlin[^2^].
In light of Brexit, the fund’s background becomes even more interesting. Many VC firms in the UK have enjoyed funding from the European Investment Fund. However, Ada Ventures will be supported by the UK’s sovereign fund, the British Business Bank, through its Enterprise Capital Funds (ECF) program. This program aims to bridge the early-stage equity gap and promote emerging VC fund managers[^2^].
Other investors in Ada Ventures include global funds, such as US-based Blue Sky Capital and Dubai-based Tres Marla, as well as notable figures from the European tech ecosystem[^2^].
With its commitment to fostering diversity, Ada Ventures aims to deliver the most diverse pipeline and portfolio among European venture capital funds[^2^].
Learn more about Ada Ventures and their efforts to super-charge diverse global founders in the European tech scene by visiting the original [TechCrunch article](https://techcrunch.com/2019/12/10/ada-ventures-launches-with-a-34m-fund-aimed-at-super-charging-diverse-global-founders/).
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**Sources:**
[^1^]: [TechCrunch Article](https://techcrunch.com/2019/12/10/ada-ventures-launches-with-a-34m-fund-aimed-at-super-charging-diverse-global-founders/)
[^2^]: [Atomico’s “State of European Tech, 2019” report](https://www.atomico.com/state-of-european-tech/report-2019/)
Reported today on TechCrunch
For the full article visit: https://techcrunch.com/2019/12/10/ada-ventures-launches-with-a-34m-fund-aimed-at-super-charging-diverse-global-founders/
Ada Ventures launches with a $34M fund aimed at super-charging diverse global founders
According to Atomico’s recent “State of European Tech, 2019” – widely considered by the European tech industry to be a reliable annual study – at present, 92 in every 100 dollars invested in Europe goes to all-male teams, 83% founders are white, 82% are university educated, in the UK, a quarter of investment committees saw no female founders in 2017 (British Business Bank) and 72% of VC funding is invested in London alone (London & Partners and Pitchbook, 2018).
As you can see, that is a massive problem for the future of diversity in the European tech industry.
At the same time, there are now multiple studies showing that not only is diversity a key component of success for any start-up, but that diverse founders are underrepresented, and yet afford a huge investment opportunity. If confirmation bias among people who all went to the same school and have the same background slowly kills new takes on innovation, where then will the new solutions to the world’s problems come from?
London-based Ada Ventures (named after Ada Lovelace, the first computer programmer) which launched quietly earlier this year, has now announced that it aims to address this problem with a new $34m (£27m) fund, designed as a “first-cheque” seed fund.
The firm says it’s “on a mission to make venture capital truly accessible to the best talent in the UK & Europe, regardless of race, gender or background.”
At TechCrunch Disrupt in Berlin today, founding partners Francesca Warner and Matt Penneycard will be discussing with me live on stage how they raised the fund and how they will put this into practice.
The background to the fund is interesting both in its aims and in the context of
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