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:
docsend.com/view/7tmkpk55p7c…
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.