# Matt Penneycard

> Matt Penneycard is a seed investor at Ada Ventures backing B2B and Energy. See 11 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Ada Ventures](https://shizune.co/investors/profile/ada-vemtires)
- Location: London, United Kingdom
- Total investments: 11
- Last investment: Jul 2026
- Lead investor: 18%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/matt-penneycard-48a1b41/
- X (Twitter): https://twitter.com/penhelios

Matt Penneycard is a seed investor at Ada Ventures in London focused on B2B and Energy. Matt has been a pre-seed investor for over fifteen years. He is the former head of Downing Ventures and has worked supporting US and UK companies across PE, M&A and growth capital. Matt is on the Board of Durham University's Venture Lab. As a founder coach, Matt's mission is to help founders realise their full potential and buildbusinesses that truly matter.

## Contacts

5 contacts available for Matt Penneycard: work email, personal email, work phone, personal phone and socials. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-email/matt-penneycard?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $850k–$3.5M |
| Pre-Seed | $745k–$1.2M |
| Venture - Series Unknown | $3.8M–$37M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| B2B | 1 | 9% |
| Energy | 1 | 9% |
| Women's | 1 | 9% |
| Software | 1 | 9% |
| Wellness | 1 | 9% |

27 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 45% |
| Pre-Seed | 3 | 27% |
| Venture - Series Unknown | 2 | 18% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 8 | 73% |
| United States | 1 | 9% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Cascade | Cascade is an AI platform that helps engineering, architecture, and construction firms predict upcoming projects and automatically find, score, and write proposals for high‑fit contracts, so they can win more work with less manual effort. | $3.5M | Seed | Jul 21, 2026 | https://usecascade.ai/ |
| Qoro Quantum | Qoro Quantum is an information technology company that offers software and quantum computing services. | $750K | Pre-Seed | Apr 09, 2026 | https://qoroquantum.net |
| Boldr | Boldr is building the largest residential power plant enabling homes to provide peak capacity to the grid. An energy management platform that allows homeowners to connect traditional energy assets in the home, optimise usage, reduce bills and connect to local grid operators for grid balancing operations. Starting with the largest residential energymarket in the USA - HVAC. | $3.2M | Seed | Sep 25, 2025 | https://shopboldr.com |
| Odin | Odin enables seamless fundraising from your network in just a few clicks, taking care of all legal and administrative tasks. The platform collaborates with founders, angel syndicates, and emerging fund managers worldwide. It supports investors from almost any location, manages SPVs, handles complex carried interest arrangements, and more. Futureplans include enabling users to raise entire funds on Odin (not just deal-by-deal SPVs) and providing a feature for discovering and joining investment clubs directly through the platform. | $3.1M | Seed | Dec 31, 2023 | https://www.joinodin.com/ |
| Low Carbon Materials | Low Carbon Materials is a climate-tech company that develops low-carbon, next-generation construction material alternatives. | $3.8M | Venture - Series Unknown | Dec 21, 2023 | https://www.lowcarbonmaterials.com/ |
| Huboo | Huboo helps businesses grow by taking care of all their logistics and eCommerce order fulfillment needs. The company's order fulfillment solution integrates with eCommerce sales channels, marketplaces, and systems needed. Huboo was founded in 2017 by Martin Bysh and Paul Dodd and is headquartered in Bristol, UK. | $36.6M | Venture - Series Unknown | Nov 30, 2023 | https://www.huboo.com |
| Boldr | Boldr is building the largest residential power plant enabling homes to provide peak capacity to the grid. An energy management platform that allows homeowners to connect traditional energy assets in the home, optimise usage, reduce bills and connect to local grid operators for grid balancing operations. Starting with the largest residential energymarket in the USA - HVAC. | $1.3M | Seed | Nov 09, 2023 | https://shopboldr.com |
| Boldr | Boldr is building the largest residential power plant enabling homes to provide peak capacity to the grid. An energy management platform that allows homeowners to connect traditional energy assets in the home, optimise usage, reduce bills and connect to local grid operators for grid balancing operations. Starting with the largest residential energymarket in the USA - HVAC. | $1.2M | Pre-Seed | Nov 09, 2023 | https://shopboldr.com |
| Materials Nexus | Materials Nexus is a deep-tech company that automated the processes of quantum calculations to give accuracy at large scales. The company accelerates the change to net-zero materials. They work to accelerate the development of their materials and reduce CO2e emissions. | $2.6M | Seed | Jul 26, 2023 | http://materialsnexus.com |
| greenworkx | greenworkx is a new climate EdTech startup tackling the green skills crisis and constructing a net-zero workforce. | $745.3K | Pre-Seed | Apr 03, 2023 | https://www.greenworkx.org |

10 of 11 investments shown.

## Co-investors
- [Techstars](https://shizune.co/investors/profile/techstars) — VC Fund, 3 deals together
- [Focal](https://shizune.co/investors/profile/focal-c14a) — VC Fund, 2 deals together
- [FP Solutions](https://shizune.co/investors/profile/fp-solutions) — VC Fund, 2 deals together
- [Norrsken VC](https://shizune.co/investors/profile/norrsken-vc) — VC Fund, 2 deals together
- [a16z speedrun](https://shizune.co/investors/profile/a16z-speedrun-bc13) — VC Fund, 1 deal together
- [Blitzscaling Ventures](https://shizune.co/investors/profile/blitzscaling-ventures) — VC Fund, 1 deal together

## About Ada Ventures

VC Fund · London, United Kingdom

Ada Ventures is a pre-seed inclusive venture capital firm that invests in the best, not just the best-connected. They find and fund the Ada Lovelaces of today. Backing European founders building businesses for a better human future. They invest £250K - £1M in technology companies across climate equity, economic empowerment and healthy ageing. Adainvests in purpose-led founders building for markets that are large, untapped and growing. Their approach drives outperformance, which they call Inclusive Alpha®.

5 contacts available at Ada Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Francesca Warner | Founding Partner | https://shizune.co/investors/profile/francesca-warner |
| Michael Tefula | Principal & Head of Product | https://shizune.co/investors/profile/michael-tefula |
| Christian Tooley | Ada Ventures Angel | https://shizune.co/investors/profile/christian-tooley-9361 |
| Diarra Smith | Head of Portfolio and Brand | https://shizune.co/investors/profile/diarra-smith-6892 |
| Elizabeth Shaw | Venture Scout | https://shizune.co/investors/profile/elizabeth-shaw-2bd5 |

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## FAQ

### What does Matt Penneycard invest in?

Matt Penneycard invests primarily in B2B, Energy and Women's startups, most often at Seed and Pre-Seed stage. Most of the 11 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Matt Penneycard's check size?

Matt Penneycard typically joins rounds of $850k–$3.5M at Seed, $745k–$1.2M at Pre-Seed and $3.8M–$37M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Matt Penneycard participates in.

### How do I contact Matt Penneycard?

Public channels for Matt Penneycard include LinkedIn and X (Twitter). For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### When did Matt Penneycard last invest?

The most recent investment recorded for Matt Penneycard closed in Jul 2026. Shizune tracks 11 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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