Harry Stebbings, the author of the popular 20VC podcast, announced his third fund, totaling $400 million. The fund aimed at supporting European and US technology companies, from seed to Series A rounds.
- Harry Stebbings has been running the 20VC podcast, dedicated to interviewing prominent venture capitalists and exploring the funding industry, since 2014. In 2020, he launched an $8.3 million venture capital fund of the same name.
- The firm provides funding at various stages of development, including pre-seed and seed investments ranging from $100,000 to $3 million, as well as Series A investments between $5 million and $15 million.
- The 20VC Fund III plans to support founders across a wide range of sectors, focusing on exceptional entrepreneurs who are shaping markets. It will allocate $125 million to seed investments and $275 million to Series A rounds.
- The second fund received backing from the Massachusetts Institute of Technology, Thrive Capital, and 40 founders of notable companies, including Atlassian, Candy Crush, Canva, Capital One, Datadog, Deliveroo, Eventbrite, Iconiq, Procore, Spotify, UiPath, and Vinted.
- Additionally, general partners from leading firms such as Accel, Benchmark, Coatue, Cyberstarts, Founder Collective, Founders Fund, Khosla, NEA, TCV, and Thrive have also joined the fund.
"The work you do in private is the work you are rewarded for in public. Today’s news is 10 years in the making. $400M raised. Time to get back to work and work harder than ever," Founder at 20VC, Harry Stebbings, commented on LinkedIn.
