San Francisco and Berlin-based VC firm Headline has raised its seventh European fund of €320 million to extend its support to European startups from seed to Series A, with attention to follow-on fundings too. The company will invest in 10 new companies every year in Europe with a ticket size of €1-15 million. The company will be on the lookout for technology startups across B2B and B2C, with special emphasis on automation of SMEs, embedded fintech and payment solutions and climate tech.
According to the VC, it is eyeing ‘generational companies’ or businesses with the potential to last generations. It has already made six new investments this year from the new fund which include Automaited, Stotles, Alloy and Monta. Until now, it has made a total of 58 investments in Europe with unicorns such as Sorare, Swile and Staffbase.
Talking about its European focus, Christian Leybold, co-founder and managing partner of Headline EU said: “Our early-stage focus enables us to closely work alongside the best entrepreneurs with a leader mindset to nurture their growth and accelerate market adoption. We have built a strong multi-local portfolio of European up-and-comers by following a guiding principle, ‘work as a team and with great people,’ and we will continue to follow this North Star with our latest fund.”
The company has also raised two other funds simultaneously - $408 million for its North America-focused fund and €164 million for its Latin America-focused fund.