Cherry Ventures funding news – Berlin-based Venture Capital Firm Cherry Ventures Secures $500M in New Fund

Their goal is to help create Europe's first trillion-dollar company. Even with challenges like tough competition from the US and concerns around European tech, Cherry Ventures believes in the region’s potential.

The firm says, “Europe’s foundation is strong. We have 35,000 early-stage startups – more than any other region – and our tech workforce has grown 7x since 2015 (State of European Tech, 2024). We have all the right ingredients: world-class talent, research depth in critical technologies, and thriving tech hubs – but our culture of innovation must change. With new world leaders in power and strong mandates for the tech sector, it’s imperative that Europe takes charge of its own destiny in the global tech race.”

Cherry Ventures adds, “If Europe is to build on its first wave of success stories to create the next, on a bigger scale – we all need to play our part. We must foster collaboration between policymakers, entrepreneurs, researchers, and investors to make Europe the best place in the world to build a tech company.”

It’s investors are experienced former operators who have helped build companies like Zalando, Spotify, and Uber. The firm focuses on sharing knowledge and helping founders succeed.

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The firm’s network includes successful founders like Ilkka from Supercell, Miki from Wolt, and Jochen from Flix, all supporting Cherry V’s vision.

About Cherry Ventures

Founded in 2012 by Filip Dames and Christian Meermann, Cherry Ventures started as an angel fund. With offices in Berlin, London, and Stockholm, it invests in startups across Europe. The team is made up of former entrepreneurs who’ve built successful companies. Cherry Ventures typically invests between €2M and €7M in early-stage companies, often being the first institutional investor for founders.