Venture capital investment has reached its slowest pace in years amid a stock market sell-off. But that is not stopping established firms from raising big pools of capital.

The latest new fund announcement comes from 23-year-old Headline. The early-stage firm, formerly known as E.ventures, has raised $954 million across three funds.

Headline has raised $408 million for its seventh North American fund and a 915 million Brazilian reais (about $183 million) Latin America-focused fund, its third in the region. It also raised €320 million (about $363 million) in a seventh European-focused fund. 

While each of these funds is managed independently by a local team—in San Francisco, São Paulo and Berlin, respectively—they share a common investment philosophy and resources, including a proprietary AI-driven analytics tool for sourcing and investment decisions.

"Then it all comes together in a growth fund," said Mathias Schilling, co-founder and managing partner of the US Headline team. The company is in the process of raising a new growth vehicle with a target size of $400 million, according to a regulatory filing.

While many LPs are "almost suffocating" from funds coming back to market quicker than anticipated and the denominator effect, Headline's fundraising was "smooth," Schilling said.

"I've learned in 20 years in this industry to stay consistent. We always invest our funds in three years," he said.

The predictable pace helps LPs plan. But it's the firm's portfolio of high-profile bets, which include Creditas, GoPuff and Gympass, and strong exits, such as Bumble, SEMRush and The RealReal, that are the main appeal for Headline's investors.

The firm will use its fresh capital to write checks between $1.5 million and $15 million for seed stage and Series A SaaS and consumer-focused startups. As in the past, each regional fund will back 30 to 35 companies over three years.

In addition to focusing on Europe, North America and Latin America, Headline operates an Asia-focused fund, formerly known as Infinity Ventures. That fund closed its fourth vehicle at over $100 million in August.

Featured image by Grafissimo/Getty Images
 

This article originally appeared on PitchBook News