Cherry Ventures provokes a new fund worth $ 500 million for the early stage and beyond, but will that be enough?

It is sometimes said that European VC does not have the power to compete with VCS in the United States, which regularly collects money+ dollars+ these days. Another evidence of this opinion may continue in Berlin’s news Cherry Ventures She closed her latest fund for $ 500 million, to be divided between early stage tours and follow -up tours of series B and beyond.

A cherry statement set his ambition. She wants to use this box to help build a “trillion dollars in Europe”. However, he called for the opposite of the narration of “perdition and depression” about the economy of Europe.

This is great, although the evidence that European startups on the road trillion dollars remain thin on the ground. An example of this, if artificial intelligence is run as Kloganott says everyone will be, just a handful of companies in this field that comes from this forest neck. Modern research was estimated that some 8 billion dollars Artificial intelligence companies originated in Europe, compared to some 97 billion dollars I grew up in the United States for emerging companies from artificial intelligence. Yes, it is not only about money, but as other Cterry and VCS know, the capital is an important part of this mixture.

Cherry did not set a schedule on its aspirations.

In the United Kingdom, the largest operating start market in Europe, and the financing of the investment capital of publishing companies in the United Kingdom decreased by 50 % from the previous quarter, as startups got about $ 2.9 billion, according to the deals room and HSBC Innoking Banking a report.

Cherry Ventures did not show itself in HEC-Dow’s investment capital performance last year classificationWith the highest title by the Earlybird Digital East Fund box.

At the same time, a supporter revolution Balderton Capital It recently managed to raise $ 1.3 billion for emerging companies in the field of European technology, while Europe lacks the mutation of artificial intelligence.

The last Cherry fund, announced in early 2022, reached 300 million euros ($ 312 million). The VC’s Space-Tech is an exploration company, the start of groceries, the nervous microbots, Robeaute, Greyhound, Flix SE, and Logistics Unicorn Forto.

LPS in the new box includes entrepreneurs, Mickey Kossi from Walt; ILKKA PAANANEN, CEO of SuperCell; Flix.

Cherry Ventures ’18 EXITS COWSWAP, Ninetail and Homelike.