20VC wraps up a fresh $400M fund to “level up Europe,” according to Harry Stebbings – Redoma Tech

20VC wraps up a fresh $400M fund to “level up Europe,” according to Harry Stebbings

  • news
  • August 12, 2024

podcaster behind the popular 20VC series, has made a significant leap from interviewing venture capitalists and founders to becoming a venture capitalist himself. Harry Stebbings the U.K. Notably, the majority of the fund’s backers are from the U.S., with institutional investors making up over half of the total contributions.

Stebbings’ unique approach to personalizing his firm has attracted investments from notable figures in the industry, including founders from renowned companies like Atlassian, Spotify, and UiPath, as well as partners from leading venture capital firms such as Accel and NEA.

Embracing the role of an online creator in the VC sphere, Stebbings has capitalized on his media platform to engage with and invest in promising founders, leveraging his operational experience to guide portfolio companies to success.

While awaiting potential big wins from his investments, Stebbings remains optimistic about the evolving landscape of venture capital in Europe, encouraging a culture of experimentation and learning from failures.

Despite the challenges and uncertainties ahead, Stebbings’ unconventional approach and commitment to nurturing entrepreneurs and startups are poised to make a lasting impact on the European tech ecosystem.. Recently, he announced the closing of his third and largest investment fund to date for 20VC, a whopping $400 million fund named after his podcast.

As European tech companies struggle to keep up with their U.S. counterparts in terms of investment Stebbings’ new fund aims to support startups in the region by leveraging his media expertise and network connections to bring them more visibility.

With $125 million earmarked for seed investments and $275 million for Series A rounds the fund is yet to be fully deployed as 20VC continues to invest from its second fund raised at $140 million in 2021.

Remarkably the new fund was raised in just four weeks defying the typical lengthy process in the venture capital world

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