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At a Glance

Check Size
$. – $.
Stage
Pre-Seed, Seed, Series A, Series B+
AUM
€1B
Sectors
Aerospace & Defense, Digital Health, Other +2
Founded
2012
HQ
Berlin, Germany

About Cherry Ventures

Cherry Ventures is a venture capital firm. Cherry is a venture capital firm based in Berlin, London, and Stockholm, founded in 2012. We’re an investment team of former entrepreneurs and operators who’ve built fast-scaling companies such as Zalando and Spotify. The firm focuses on Pre-Seed, Seed, Series A, Series B+ investments across sectors including Aerospace & Defense, Digital Health, Other, Consumer, Fintech.

Investment Thesis

“Investing in European technology startups from pre-seed to Series A, focusing on exceptional founders building category-defining companies.”

Sector Focus

Investment Stage

Notable Portfolio Companies

View full portfolio →
FlixBusFlixBus
HHelloFresh
TTier
GetYourGuideGetYourGuide
FForto
AAuto1
PPersonio
GGrover

Key Team (2)

C

Christian Meermann

Founding Partner

F

Filip Dames

Founding Partner

Fund History

  • Cherry Ventures started in 2012 as an angel fund before institutionalising.
  • Cherry II closed at 150 million euros in 2016, Cherry III at 175 million euros in 2019 and Cherry IV at 320 million euros in 2022.
  • Cherry V, the current vehicle, closed at $500 million in 2025 and is the firm's largest.
  • Across those funds Cherry has built a portfolio of more than 130 active companies in Europe, adding roughly 10 to 12 new seed investments a year at typical ticket sizes of 2 million to 7 million euros.
  • The firm reserves more than half of each fund for follow-on financing and reports an 80 percent graduation rate from seed to Series A. Sector coverage runs across B2B software, fintech, industrials, healthtech, climatetech and consumer.
  • Cherry also runs a mandatory 12-month coaching programme called Copilot, fully funded by the firm and confidential to the management teams that use it.

Frequently Asked Questions

What stage does Cherry Ventures invest at?

Cherry Ventures primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.

Where is Cherry Ventures located?

Cherry Ventures is headquartered in Berlin, Germany. Many of their portfolio companies are also based in this region, though they invest across geographies.

What sectors does Cherry Ventures focus on?

Cherry Ventures focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.

What is Cherry Ventures's typical check size?

Cherry Ventures's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.

How much does Cherry Ventures have under management?

Cherry Ventures manages approximately €1B in assets under management (AUM) across their funds.

Fund Operations Resources

Running a fund like Cherry Ventures? Independent guides to the software and processes emerging managers use to operate.

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