MP

Matt Penneycard

Partner at Ada Ventures

London, England

Overview 

Matt Penneycard is a Partner at Ada Ventures in London, specializing in pre-seed venture capital investments in climate, economic empowerment, and healthcare & aging sectors. With a background in private equity and corporate finance, he has successfully invested in companies like Huboo, Boldr, and Materials Nexus, demonstrating a strong track record in supporting extraordinary talent building breakthrough technology. His career highlights include serving as Head of Downing Ventures at Downing LLP and as a Managing Director at Gryphon Holdings, showcasing his expertise in investments, mergers, and business strategy within the startup ecosystem.

Work Experience 

AV

Ada Ventures

  • Co-founding Partner

    2018 - Current

    Ada Ventures is a pre-seed inclusive venture capital firm. We find and fund the Ada Lovelaces of today. Backing European founders building businesses for a better human future. We invest £250K - £1M in technology companies across climate equity, economic empowerment and healthy ageing. www.adaventures.com

DU

Durham University

  • Member of the Board of Advisors

    2024

    Member of the Advisory Board for Durham University Venture Labs

TF

Tobacco Factory Theatres

  • Member Board Of Trustees

    2018 - 2023

SC

Seraphim Capital

  • Venture Advisor

    2018 - 2018

DL

Downing LLP

  • Head of Downing Ventures

    2014 - 2017

    Early-stage technology investments.

W

WTG

  • Non Executive Director

    2010 - 2015

PE

Pace Equity

  • Director

    2013 - 2014

    M&A and Fund Raising for UK SMEs; and principal investing in fast growing technology companies.

DTI Capital, LLC

  • Partner

    2010 - 2013

    Investing private equity and growth capital into technology companies in the US and UK.

Gryphon Holdings

  • Managing Director

    2009 - 2010

    · Sourcing and execution of US Financial Technology VC transactions ­ investing $5m ­ 15m per portfolio company. - Additional fund raising responsibilities.

DN Capital, London

  • Consultant

    2009 - 2009

    whilst waiting for US visa approval ­ developed later stage IT deal flow and execution capabilities at US/European Software and Digital Media focused VC.

Education 

Investments 

Huboo

Series Unknown

Total funding: $140M

Boldr

Seed

Total funding: $1.1M

Materials Nexus

Seed

Total funding: $3M

Odin

Seed

Total funding: $5M

Articles About Matt

Relevant Websites