Matt Penneycard
VCFounding Partner, Ada Ventures
Co-founded Ada Ventures, focuses on founder coaching
London, UK£250K–£1M checks2 notable investments
Pre-SeedSeed
ClimateHealthcareConsumerFintechEnterprise SaaS
Background
Matt Penneycard is a Founding Partner at Ada Ventures, co-founding the firm with Check Warner in 2018. He was formerly Head of Downing Ventures and has been a pre-seed investor for over 15 years with experience across PE, M&A, and growth capital in London and New York. He is a venture advisor at Seraphim Space and sits on the Board of Durham University's Venture Lab. He is passionate about founder coaching and helping founders realize their full potential.
Investment Thesis
Backing the most ambitious founders at pre-seed, with a focus on coaching through the earliest building stages
Investment Focus
Stages
Pre-SeedSeed
Typical check: £250K–£1M
Sectors
ClimateHealthcareConsumerFintechEnterprise SaaS
Based in: London, UK (Europe)
Notable Investments
Last updated: Jun 11, 2026