Germany's Cherry Ventures launches $500M in new funds
Briefly

Cherry Ventures, a Berlin-based venture capital firm, has launched Cherry V with a $500M fundraising initiative split between early-stage funding and another opportunity fund for later-stage investments. The firm aims to create Europe's first trillion-dollar company, seeing vast potential despite current pessimism in the tech scene. They emphasize Europe's strong startup foundation, escalating tech workforce, and necessity for collaborative innovation. Cherry's leadership comprises experienced operators from successful companies, supporting the vision of empowering founders to thrive in Europe's tech landscape, fostering an environment for greater success and innovation.
Cherry Ventures aims to support European tech with a $500M fund, aspiring to create the first trillion-dollar company in Europe despite current industry challenges.
Europe's foundation is strong, with 35,000 early-stage startups and a tech workforce that has grown 7x since 2015, but innovation culture needs to change.
Cherry Ventures believes Europe must take charge of its destiny in the tech race, promoting collaboration between policymakers, entrepreneurs, researchers, and investors.
With a network of successful founders, Cherry Ventures is committed to sharing knowledge to help founders achieve greater success in building tech companies.
Read at Silicon Canals
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