Headline VC closes $968M spread across three funds for startups in US, Europe, LatAm and Asia
https://techcrunch.com/2022/07/07/headline-vc-closes-968m-spread-across-three-funds-for-startups-in-us-europe-latam-and-asia/
Venture capital fund Headline has been investing in tech startups since – get this – 1999, which might tempt headline writers, perhaps unfairly, to apply the word ‘dinosaur’, if the fund hadn’t continued to remain so active since then. Suffice it to say, it’s been plenty busy since that ‘cretaceous era’, with 11 $1Bn+ IPOs and exits in the past 2 years, and investments in such unicorns as Bumble, Sonos, and Farfetch, to name just three.
The headline for this story might well be a whopping-sounding $968M / €950M, but in fact, the numbers are a little more conventional when you look at how that cash is being deployed.