FinTech news in Ada Ventures category

Ada Ventures also launched Ada’s Angels in October 2020, where five individuals from the Ada Scout network with direct experience in under-represented communities were given £50,000 to make five investments of £10,000. The investors in Ada Venture Fund II include a cornerstone commitment from the British Business Bank through its Enterprise Capital Funds programme, Plexo Capital, University of Edinburgh and a raft of entrepreneurs and investors including Taavet+Sten and the Supercell co-founders. It feels like an eon has passed since the launch in 2019 of Ada Ventures, a European VC that decided to invest in normally under-represented groups and sectors, like women or POC founders, as well as tech which improves society. This has meant that Ada’s Fund I claims to be the most diverse portfolio in Europe, with approximately 55% female founders and 30% ethnic minority founders.