Ada Ventures bets on Norway with first local hire and scout network launch

From left: Ada Ventures' new scouts Dr Anjali Bhatnagar, Ane Birkeland, Fátima Sani, it's new venture partner Tonje Ørnholt, and founding partner Matt Pennycard. Press photos/Impact Loop design
9 Apr 2026
09:49
From left: Ada Ventures' new scouts Dr Anjali Bhatnagar, Ane Birkeland, Fátima Sani, it's new venture partner Tonje Ørnholt, and founding partner Matt matt Penneycard. Press photos/Impact Loop design
Ada Ventures has hired its first Nordic venture partner and launched a scout programme in Norway, as the inclusive investment firm expands beyond the UK.

"The quality is amazing, but there's just not that much pre-seed capital locally," founding partner Matt Penneycard tells Impact Loop.

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