Inclusive Alpha: Ada Ventures Leading the Way
March 13, 2024, 4:02 pm
Ada Ventures has closed an oversubscribed £63 million second fund, attracting institutional LPs like The Export and Investment Fund of Denmark, The University Of Edinburgh, Molten Ventures, and Legal & General Capital. The fund's commitment to inclusion is evident in its diverse portfolio, with 74% of founders from underrepresented backgrounds. Ada Ventures' 'Inclusive Alpha®' approach focuses on supporting inclusive infrastructure and investing, with a strong emphasis on mental health support and childcare for portfolio companies. The firm's success and dedication to diversity have garnered praise from investors like Legal & General Capital and The Export and Investment Fund of Denmark, who recognize the value of inclusive investment strategies. With a strong track record and a focus on breakthrough ideas in climate equity, economic empowerment, and healthy aging, Ada Ventures is setting a new standard for inclusive venture capital.