20VC Secures €360 Million for Third Fund, Revolutionizing Venture…

Team S · 2024-10-15T11:05:26.000Z

20VC, a London-based venture capital firm led by Harry Stebbings, has successfully closed its third fund, raising over €360 million. This new fund is divided into two parts: €114.7 million for Seed investments and $252.3 million for Series A funding. The latest round represents a significant 2.5x increase from 20VC's second fund, which raised $140 million in June 2021. Investors and Structure The fund attracted notable investors, including MIT Investment Management Company, Horsley Bridge, and Rothschild-backed RIT Capital Partners. 20VC's unique structure comprises three distinct sub-funds: 20Sales, 20Growth, and 20Product, each staffed by experienced operators rather than traditional investors. Distinctive Approach 20VC's approach to venture capital is characterized by its specialized sub-funds: - 20Sales: An all-female team of sales professionals from companies like Notion, OpenAI, and Vanta. - 20Growth: Features executives from high-growth companies such as DoorDash, Dropbox, Shopify, and Pinterest. - 20Product: Includes product and technology veterans from LinkedIn, Nubank, Snapchat, and Spotify. Media Platform and Portfolio The firm's media platform, 20VC, has achieved over 150 million downloads, with Harry Stebbings conducting more than 2,750 interviews with influential tech leaders. 20VC's portfolio includes founders from companies like Atlassian, Canva, Capital One, Datadog, Deliveroo, and Vinted. Industry Recognition Harry Stebbings, 20VC's Founder and Managing Partner, emphasized the firm's ambition to become a generational-defining entity in the venture capital space. The fund's success and unique structure have garnered praise from industry leaders, with Josh Kushner of Thrive Capital commending Stebbings as an exceptional partner to entrepreneurs.

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20VC Secures €360 Million for Third Fund, Revolutionizing Venture… | Newnex