Ada Ventures

 🚩 The Social Good of Automation 🚩 Even though every innovation comes with risks and challenges, we believe that the best founders want to build things that positively matter. Automation has served us for thousands of years. It comes with the good, the bad, and the destructive. But as AI and robotics propel humanity into a future with more powerful automation, is it possible to steer it towards greater good for all? 👉🏽  Head to the comments as Michael Tefula, Investor-in-Residence at Ada unpacks our thinking. What have we missed here? Who are the most thoughtful people writing about this? 🗣 Let us know in the comments.

🚀 Investment Announcement🚀 We are thrilled to announce that Ada Ventures has invested in Tract, a prop-tech startup using AI to revolutionise the process of obtaining planning permissions for real estate development. We co-led Tract’s pre-seed round alongside our friends at Concept Ventures. Read Why we invested in Tract👇 in the comments section below. Tract is the first explicitly “YIMBY” prop-tech company that's making it easier and cheaper to find land suitable for development. This innovative approach could have a significant impact on solving the housing crisis, making homeownership a reality for many. The Tract team, led by co-founder and CEO Jamie Rumbelow and co-founder and CTO Henry Dashwood, is dedicated to using technology to address the housing problem and create positive societal impact. Their sophisticated planning engine simplifies the complex process of obtaining planning permissions and has the potential to unlock a completely unserved market of smaller land parcels. We are excited about Tract's potential to help millions of people become homeowners and bring down rents for struggling families, aligning perfectly with our economic empowerment thesis. We see the immense societal value in their mission-driven approach to solving a critical social problem. Stay tuned for more updates on Tract's journey as they continue to develop their technology and work towards delivering significant social impact. We are proud to be a part of their mission and can't wait to see what the future holds! #Tract #PropTech #AI #HousingCrisis #SocialImpact 🏡🌱

🇩🇰 Excited to announce that #TeamAda will be attending TechBBQ in Copenhagen next month! We're proud to partner with the TechBBQ team for this year's One Giant Leap program, alongside an incredible set of partners. Join us at Nordic Investor Day, TechBBQ, and our official side event on expanding to the UK market from Denmark. 🔥 Don't miss the chance to register for Nordic Investor Day on Redefining Founder Support: EDI in Venture Capital on 10th September https://lnkd.in/exxsB_HP 🚀 Featuring: Francesca (Check) Warner, Partner at Ada Ventures, Nico Blier-Silvestri, Partner Founder Enablement at Dreamcraft Ventures, Geeta Schmidt, General Partner at Seed Capital Denmark, Helle Uth, General Partner & Co-founder at PSV Tech. 🔥 Join us on 11th September at the Official TechBBQ side event on Scaling internationally: How to navigate the UK Market https://lnkd.in/dD49tbg6 🚀 Featuring: Ellen de Bever, Danish Ada Angel Investor, Francesca (Check) Warner, Partner of Ada Ventures, Christian Gabriel, CEO and Founder of Capdesk from Carta, Jonatan Marc Rasmussen, CEO & Co-founder of All Gravy. 🔥 Lastly, catch us at TechBBQ 'Forest Stage' on 12th September for The Knock-on Effect of Homogenous Investing: LPs - VCs - Founders https://techbbq.dk/ 🚀 Featuring: 🚀Kinga Stanislawska, Founder of European Women in VC, Francesca (Check) Warner, Partner at Ada Ventures, Derrick Grant, CEO & Founder of Ownleaf, Melisa Kozak, Investment Manager (Impact Investing) at European Investment Fund (EIF)

Ada Ventures is proud to announce its Official Sponsorship of BTF® 2024 brought to you by Colorintech.   At BTF 2024, there will be an exploration of what it truly means to lead with purpose and integrity. On October 10th, join the team for panels, workshops, and discussions with trailblazers who embody authentic leadership and inspire change.    We’ll be speaking on featured panels, hosting AMAs and holding founder office hours.    Join Francesca (Check) Warner, Jasmin Thomas along with Dr. Jonathan Bean CEO and co-founder of Materials Nexus.    📅 October 10th, 2024 📍 London 🤝 Join thousands for speeches, panels, workshops, and networking. 🚀 Summits on tech, careers, and entrepreneurship. 🌍 Themes: Innovation, inclusivity, and more. 🎟️ Tickets → joinbtf.com/tickets

Introducing PHINXT Robotics - and announcing an Ada Ventures’ portfolio company🎉 We are thrilled to announce our participation in a £2m investment round in PHINXT Robotics, a startup that enables warehouses of any size to deploy autonomous robots with no expertise required. 📰Follow the coverage in The Times in the comments section📰 🌟 We’re excited by the team behind PHINXT. Their unique diverse talent combines both academic and technical expertise with strong commercial sensibilities. 💡 Yanwen Chen, CEO and co-founder of PHINXT, is without doubt one of the strongest technical founders we’ve met at Ada. Yanwen has not one but two PhDs focusing on optimisation of distributed and autonomous systems and 11 years of experience in robotics managing engineering teams and building software. 💡 Co-founder and CTO Quirino Zagarese has a PhD in Service Computing for Ultra Large-Scale Systems and is an experienced software developer. 🌍 There is a huge amount of market opportunity. In 2023, the mobile robot market size was worth $5B and there were 0.9M mobile robots deployed in warehouses. In 2027, the market size is estimated at $16B with 2.4M robots. 😇 Hailey Eustace, a respected deep-tech angel investor in PHINXT scouted this deal. Hailey has consistently expressed high regard for Yanwen’s significant achievements and ability to deliver customer results alongside superior technical capabilities. Hailey and the rest of the scout community are vital to the success of what we do at Ada Ventures. PHINXT already has traction, including two customers who offer scaling opportunities. 👇🏽Head to the comments to read more about why we invested👇🏽

Thanks to the Capsule Insurance team for their sponsorship of this first in a series of LP and Diverse Emerging Fund Manager Dinners. Christian Tooley, Founder of i³ investing and former Ada Angel shared:    "It was thought-provoking to be in a safe space with individuals curious and empathetic about unpacking a vehicle for system change. We need more practical engagement with diverse emerging fund managers and LPs, acknowledging both the systemic opportunities and systemic barriers to future VCs."   Izzy Obeng, CEO of Foundervine and former Ada Angel added:    "I want Foundervine Ventures to reflect a better society with a better, more equitable story we wish to tell about our future as a society. Thank you, Ada Ventures and Capsule Insurance, for hosting us."

The UK has one of the leading investment markets but there is always room for improvement when it comes to diversity across the industry. Did you know? 👉 Only 9% of general partners managing European assets within VCs are women. 👉 In 2022, only 1% of UK VC funding went to Black founders. 👉Gender-diverse investing teams have on average 20% better net returns (IRRs). Therefore, we're excited to be sponsoring Ada Ventures' dinner for first-time emerging fund managers and LPs. The event, which takes place tomorrow, seeks to create connections with their investors who deploy capital into first-time Emerging VCs or funds with an inclusive investing lens 💸 #adaventures #Dinner #Event #EmergingVCs

Ever wondered how you'd fare if you emigrated? According to their Decoding Employment Costs In Europe report, new research from Boundless shows that Irish workers get more take-home pay from a €60,000 salary than in two-thirds of European countries. 💸 In Lithuania, an employer will pay <2% of gross salary in statutory employer payments 💸 For France, these employer costs are 45% 💰 In Slovenia, workers are taking home just a little over 50% of their gross pay at €60k annual salary, reducing to just 34% at a salary level of €250k p.a. 💰 Workers in Bulgaria fare best on net pay, taking home between 85-90% of their gross pay Led by Dee Coakley and Emily Castles, Boundless is a global employment solution that enables companies to employ anyone, anywhere, compliantly. To find out how you're doing relative to your European counterparts, take a look at the full report, linked in the comments below 👇

In less than three weeks, the i³ investing team are hosting their first ever (un)conference at i³ investing! 🔥 🦄 Fresh off deploying capital through the Ada Ventures Angel programme, Christian Tooley is leading the iiF (intersectional incredibles Forum), the world’s first (un)conference dedicated to unpacking intersectionality as investment criteria for LGBTQ+ founders and migrant founders. 🌐 Funders, Founders and Friends from across the U.K. and Europe, to the East Coast, Bay Area and beyond are gathering on July 16th @ Google HQ in London. 👼🏼 FUNDERS: They only have a few tickets left! All active investors are welcome to join them, but grab one now as tickets are flying: www.i3investing .com/iif See you there! 🌈 Francesca (Check) Warner, Matt Penneycard, Michael Tefula, Xun Ning Choong, Emma Richards, Dorothy Chou, Benjamin Norton

At a time when raising investment is difficult and cash is vital, it is more important than ever to understand the approach taken by investors when considering an investment opportunity 🤔 To help guide you through the mind of an investor, we’re partnering with the British Business Bank to run another Meet the Funder event on 11 July. Angel investor Zara Nanu MBE and VC Matt Penneycard from Ada Ventures will be joining us to provide an insight into what they look for when considering an investment opportunity, and you also have the opportunity to book in a free 1:1 session with them to get tailored advice for your business 💡 Spaces are limited, so make sure you sign up! 👇 https://brnw.ch/21wKQdX 🗓️ 11 July, 12:30 - 5 PM 📍 Engine Shed