In 2019 this VC decided to invest in diverse founders. Three years later it’s already starting a second fund

It feels like an eon has passed since the launch in 2019 of Ada Ventures, as a European VC that decided to invest in normally unrepresentative groups and sectors, like women or POC founders, as well as tech which improves society. Its $34 million (£27 million) fund, was designed as a “first-cheque” seed fund.
Ada now says it’s reached a £36m ‘first close’ of its second fund. Sources say the fund is actually aiming for a £60M final close.
Ada launched with a ‘scout network’ designed specifically to go after under-represented founders.
That meant tapping people in places like Hustle Crew, a fo

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