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Just a few weeks after20VCannounced its third investment vehicle , TechCrunch has study from multiple sources that the relatively new VC firm base in London is gaining a Modern general spouse . Julien Codorniou is leavingFelix Capital , where he has been a founding adviser since 2015 and a partner since 2021 , to get together 20VC to focus on former - microscope stage investments .
Harry Stebbingslaunched 20VC in 2020as the venture capital lengthiness of hiseponymous podcast series . The podcast was built as 20 - minute sequence that were interviews with founder , investor , and operators ; and 20VC , with an first monetary fund of $ 8.3 million , was ab initio envisioned as a “ micro VC ” : Stebbings would clothe smaller sum alongside openhanded backers , providing skill and advice on growth alongside his money .
But just like Stebbings ’ interviews these days have become much long than 20 minutes , 20VC has also grown . In 2021 , it close a$140 million investment firm . And for its third fund two calendar month ago , 20VC carry off tosecure $ 400 million . Around $ 125 million of that fund is dedicate to seed investing and $ 275 million will be allocated toward Series A rounds .
give that there are few acquisitions and even few IPOs in Europethese day , raise $ 400 million in the current tech environment could be study an achievement . It also try that Stebbings has built a successful media political program that can be leveraged for tech investments with positive internet force .
Over the preceding few months , 20VC has been growing its team so that it can deploy the capital it has raise . In addition toKieran Hill , who joined as a seed partner back in 2021 , two other individual — Paul Bonnet(general partner ) andAlexandre Dewez(partner ) — severally left DST Global and Eurazeo before this twelvemonth to rivet on Series A and later investments for 20VC .
Julien Codorniou is the latest addition to the squad . He ’s buy the farm to be 20VC ’s third general partner , focus on seed investments . This will be a change of pace for him , as Felix Capital commonly leads funding rounds at a ulterior microscope stage .
As part of Felix Capital , Codorniou participate in financing rounds in Pigment , Omada , TechWolf , and Prediko and Agave — a gaming company whoseSeries A was announced only yesterday . He will keep his board seats and remain a modified partner in Felix Capital . He has also been a business angel , investing his own money in Bloom & Wild , Xentral , Homesome , Olio , Peanut , Nabla , Curio , Bits , and Sunday .
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As an saint investor , he also got to interact with Stebbings as they both invested in Tripledot Studios , BeReal , and Linktree .
Before his career in VC , Codorniou was at Microsoft and then spent 11 years working for Facebook ( now Meta ) . In particular , he manage Workplace , Facebook ’s communication platform for enterprise customers .
