Diversity and Inclusion Insights
Ada Ventures launches with a £27 million fund aimed at super-charging diverse global founders
According to Atomico’s 2019 "State of European Tech" annual study, 92 in every 100 dollars invested in Europe goes to all-male teams, 83% founders are white, 82% are university educated, in the U.K. a quarter of investment committees saw no female founders in 2017 and 72% of VC funding is invested in London alone. This is a huge problem for the future of diversity in the European tech industry. London-based Ada Ventures, which launched in 2019, has now announced that it aims to address this problem with a new £27 million fund, designed as a “first-cheque” seed fund. The firm says it’s “on a mission to make venture capital truly accessible to the best talent in the U.K. and Europe, regardless of race, gender or background.” For more info click on the photo below.
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