- 20VC podcast host Harry Stebbings raising potential $400M fund.
- Meteoric rise from $8.3M fund in 2020.
- Ex-DST’s Paul Bonnet to lead investments for split fund.
Harry Stebbings, the British founder of the renowned 20VC podcast, is making waves in the VC world once again.
Business Insider has learned that Stebbings is raising a colossal new fund targeting tech startups, potentially clocking in at around $400 million.
An astronomical rise
From an $8.3 million debut fund in 2020 to a $140 million vehicle in 2021, Stebbings’ trajectory has been nothing short of meteoric.
Now, the former Stride.vc investor is set to split his upcoming mammoth fund between early and later-stage startups, with a rumored ratio of 3:1 favoring early-stage deals.
The perfect wingman
Paul Bonnet, formerly of DST Global, is joining Stebbings on this ambitious endeavor.
Bonnet, who recently announced his departure from the Russian-born billionaire Yuri Milner’s tech fund, is expected to play a pivotal role in sourcing and leading investments for 20VC’s new fund.
