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Ada Ventures Scout Program

Scout Program

Discover how to join
Ada Ventures Scout Program
including requirements, application process, and compensation and explore other programs to join!

Overview

The Ada Ventures Scout Program is a distinctive scout network in European venture capital, launched in 2019 to address diversity in VC deal sourcing. Founded by Francesca Warner and Matt Penneycard, it has grown from 10 to nearly 100 scouts, primarily leaders from minoritized groups in UK tech. The program has significantly increased investments in diverse founding teams, achieving 10x more female and 6x more Black founders compared to UK averages. Scouts receive a hybrid compensation model, including a finder's fee and carried interest on successful referrals.

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Investment Focus

Ada Ventures aims to invest in diverse founders and address the lack of representation in venture capital through its scout program.

Application Advice

Overview

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Frequently Asked Questions

What does a scout actually do?

Meet founders, assess fit with Ada’s thesis and submit a simple Airtable lead form.

Do scouts write cheques?

No. Ada funds the investments; scouts just make the introduction and, if they wish, stay involved post‑investment.

Is there a limit to how many deals I can refer?

No. Scouts can submit as many qualified opportunities as they find.

How quickly do I get paid the £5 000 bonus?

Within 30 days of Ada’s investment closing and funds transferring to the start‑up.

When is carry realised?

Carry pays out once Ada Ventures distributes returns for the fund, typically 7‑10 years after investment.

Can I leave the programme and keep my carry?

Yes. Once a deal closes your carry is locked in, regardless of future involvement.

What if I’m new to venture?

Training resources cover all basics; curiosity and a strong founder network are more important than experience.

Do I need to be a UK citizen?

No, but you must legally reside in the UK, Ireland or Denmark to sign the scout agreement.

Does Ada invest outside the scout themes?

It focuses strictly on inclusive “overlooked founder/market” opportunities in climate, health, ageing, consumer and work‑tech.

How do I apply?

Complete the interest form linked on the programme page; Ada reviews new submissions every quarter.

Feels like a match?

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Ada Ventures Scout Program
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