{"id":652331,"date":"2025-02-05T17:25:15","date_gmt":"2025-02-05T14:25:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cherry-ventures-raises-a-new-500m-fund-for-early-stage-and-beyond-but-will-it-be-enough\/"},"modified":"2025-02-05T17:25:15","modified_gmt":"2025-02-05T14:25:15","slug":"cherry-ventures-raises-a-new-500m-fund-for-early-stage-and-beyond-but-will-it-be-enough","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cherry-ventures-raises-a-new-500m-fund-for-early-stage-and-beyond-but-will-it-be-enough\/","title":{"rendered":"#Cherry Ventures raises a new $500M fund for early stage and beyond, but will it be enough?"},"content":{"rendered":"
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It\u2019s sometimes said that European VC doesn\u2019t have the firepower to compete with VCs in the U.S., which regularly raise billion-dollar+ funds these days. Perhaps further evidence of this view persists in the news<\/a> that Berlin-based Cherry Ventures<\/a> has closed its latest fund at $500 million, to be split between early-stage rounds and follow-on rounds at Series<\/a> B and beyond. <\/p>\n

A statement from Cherry laid out its ambition. It wants to use this fund to help build the \u201cfirst trillion dollar company in Europe.\u201d With this, it called for the reversal of the \u201cdoom and gloom\u201d narrative about Europe\u2019s economy. <\/p>\n

That\u2019s great, although evidence that European startups are currently on the trillion-dollar path remains thin on the ground. Case in point, if AI plays out as the juggernaut everyone is saying that it will be, just a handful of the most-capitalised companies in the field come from this neck of the woods. Recent research estimated that some $8 billion was raised by AI companies in Europe, compared to some $97 billion<\/a> raised in the U.S. for AI startups. Yes, it\u2019s not only about money, but as Cherry and other VCs know, that capital is a critical part of the mix.<\/p>\n

Cherry did not put a timeline on its aspirations.\u00a0<\/p>\n

In the U.K., the biggest startup market in Europe, October venture capital funding for U.K. startups fell by 50% from the previous quarter, as startups secured only around $2.9 billion, according to a Dealroom and HSBC Innovation Banking report<\/a>.<\/p>\n

Cherry Ventures itself did not even app<\/a>ear in last year\u2019s HEC-Dow Jones Venture Capital Performance Ranking<\/a>, with the top title being taken by Earlybird Digital East Fund.\u00a0<\/p>\n

Meanwhile, Revolut backer Balderton Capital recently managed to raise $1.3bn for European tech start-ups, while concurring that Europe is missing out on the AI boom.<\/p>\n

Cherry\u2019s last fund, announced in early 2022, came in at \u20ac300 million ($312 million). The VC\u2019s portfolio includes space-tech The Exploration Company, grocery delivery startup Flink, neurosurgical microbots company Robeaute, Greyhound owner Flix SE, and logistics unicorn Forto.\u00a0<\/p>\n

LPs in the new fund include entrepreneurs Miki Kusi from Wolt; Ilkka Paananen, chief executive of Supercell; and Jochan Enghert from Flix.<\/p>\n

Cherry Ventures\u2019 18 exits have included CoWSwap, Ninetailed, and Homelike.<\/p>\n<\/div>\n

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If you want to read more like this article, you can visit our Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s sometimes said that European VC doesn\u2019t have the firepower to compete with VCs in the U.S., which regularly raise billion-dollar+ funds these days. Perhaps further evidence of this view persists in the news that Berlin-based Cherry Ventures has closed its latest fund at $500 million, to be split between early-stage rounds and follow-on rounds…<\/p>\n","protected":false},"author":1,"featured_media":652332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/02\/Cherry-Partners.jpg?w=1038","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[77337,82827,154166,28340,154167,74839,43905,151477],"class_list":["post-652331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ai","tag-berlin","tag-cherry-ventures","tag-europe","tag-european-startups","tag-fundraising","tag-germany","tag-venture"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/652331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=652331"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/652331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/652332"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=652331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=652331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=652331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}