Ada Ventures Closes £36 Million Fund to Back Overlooked Founders

Ada Ventures, a London-based venture capital firm, has closed its second fund at £36 million

The fund will focus on investing in bold ideas from overlooked communities, reflecting the firm's commitment to inclusivity

Investors include the British Business Bank, Plexo Capital, and the University of Edinburgh

Ada Ventures aims to identify and support founders who have been traditionally overlooked by venture capital, believing that diverse teams lead to innovative solutions.