
At a Glance
Headline is a global venture capital firm, formerly e.ventures, that invests from seed through growth stage and manages roughly $2.7 billion. Founded in 2009, it is structured as five discrete funds, each with its own dedicated team: early-stage funds in the United States, Europe, Asia and Brazil that invest locally from seed to Series A, and a single global growth fund that invests at Series B and beyond. The firm's offices are San Francisco, Berlin, Paris, London, Hamburg, Luxembourg, Sao Paulo, Taipei and Tokyo. It has no Singapore office; its Asia fund covers Japan, Taiwan, Korea and Southeast Asia from Taipei and Tokyo. The European practice has invested for more than two decades out of London, Paris and Berlin, and the Brazil fund searches Latin America for early-stage teams solving regional problems. Headline describes its growth strategy as Grassroots Growth, a first-principles approach built around the founders it backs and how its own team works rather than around late-stage momentum. Sector emphasis runs to software and SaaS, fintech, marketplaces and consumer applications. Notable investments include Sonos, Klarna, GoFundMe, Delivery Hero, Auto1, Revolut, Primer and the Brazilian proptech Loft, a portfolio that reflects the firm's split between US, European and Latin American early-stage exposure and later global growth rounds. Headline publishes editorial and video work alongside the funds and keeps a separate resource track for founders, and its stated principles emphasise operating as one firm across regions rather than as independent national teams.
“Global venture capital firm investing across all stages from seed to growth in technology companies, with a focus on SaaS, fintech, marketplaces, and consumer applications.”
The firm's US filings run under the e.ventures name before the rebrand to Headline. e.ventures US V, LP filed in May 2015 against a $175 million offering and reported $60 million sold by May 2016, with a $30 million US V-A parallel filed that June. e.ventures US VI, L.P. closed $225 million from 53 investors in July 2019. The growth line filed separately, with e.ventures Growth II at $115 million in January 2017 and Growth III at $300 million in June 2020.
Under the Headline name, Headline Global Growth IV, L.P. filed in June 2022 at $400 million and closed $804.3 million from 86 investors by June 2024, raised alongside a Luxembourg twin, Headline Global Growth Lux IV SCSP. The firm also files co-investment and single-asset vehicles, including Headline Co-Invest V at $17.2 million in 2021 and Headline Lion SPV at $28.4 million in 2024. Headline states it currently runs five funds across the US, Europe, Brazil and Asia.
Christian Leybold
Founding General Partner, Headline
Gabriel Alves
Partner, Latam, Headline
Jonathan Becker
General Partner, Europe, Headline
Jonathan Userovici
General Partner, Europe, Headline
Headline primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Headline is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Headline focuses on investments in SaaS, Consumer, Marketplace. Their portfolio reflects deep expertise and networks within these sectors.
Headline manages approximately $2.7B in assets under management (AUM) across their funds.
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