28-Year-Old Podcaster Harry Stebbings Raises $400M Third 20VC Fund Backed by MIT

Oct 15, 2024, 10:14 AM

Harry Stebbings, the 28-year-old British podcaster-turned-venture-capitalist, has raised a new $400 million fund for his venture capital firm, 20VC, aiming to "make Europe great again." The fund is one of the largest in Europe for early-stage investments. Backers include prominent institutions such as MIT Investment Management Company, RIT Capital Partners, and notable investors like Josh Kushner. The new fund, 20VC's third, demonstrates significant growth from the firm's first fund of $140 million raised in 2021. Stebbings, known for hosting the 20VC podcast that has featured guests like Sam Altman, will focus the capital on making early-stage investments in European startups, aiming to bolster the region's technology sector.