Cherry’s commitment to Europe - an open letter to Founders
A commitment to building the first trillion dollar company in Europe.
Dear Founders,
Is Europe ready for its first trillion dollar company? And are you ready to build it?
The current narrative around European tech is all doom and gloom. Europe is flailing. Venture is tough. The US is way ahead. Europe isn’t the place for builders.
We don’t buy it.
Yes, the next decade will look meaningfully different from the last. Everything is up for grabs as the world transitions to new technologies and advancements in AI. We need to act boldly and defy conventional expectations.
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.
So here is our commitment to you: today we’re launching Cherry V to be part of the solution. We have raised: $500m in new funds to be the right kind of partner, so together we can make European tech a global force. The funds are split between our flagship Early Stage fund, and an opportunity fund to double down on the most promising portfolio companies at Series B and beyond. In short, we’re ready to fund the first trillion dollar company in Europe.
What does that mean for you?
Champion Global Ambition
We want to provide capital and support for founders in Europe with a daring vision to develop revolutionary technologies that will change the world for the better. Global impact is the benchmark.
On the shoulders of big European success cases like Spotify, Supercell, Klarna, Revolut, and UiPath - we know what can be accomplished through grit, determination, and ambition.
Strength through experience
All of Cherry’s investors are former operators with the knocks and know-how; having built the likes of Zalando, Spotify, and Uber, company building is in our DNA. Now we’re committed to sharing that knowledge and supporting you and pushing you to aim even higher in your own endeavours.
Our network of the best founders in the world are equally committed to the cause of Cherry V: Ilkka from Supercell, Miki from Wolt, Jochen from Flix to name a few. We are proud to call them investors in Cherry, and grateful for all of our partners unwavering support for our vision.
Long-term vision
Transformative innovation on a global scale requires investors with eyes on the horizon, not the exit. Cherry V is a commitment to patience and persistence, enabling founders to create lasting value over time. Partnering with Cherry at the early stage significantly increases your chance of success: over 80% of our seed founders graduate to Series A.
We’ve put in the work. With more than 130 companies backed, we’re proud to be the trusted, long-term partner for so many great companies building a better future.
Ambition is infectious - ecosystems change the world.
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.
Cherry is up for the challenge. Will you join us?
Team Cherry

Founders
are the reason we come to work every day.
You know what’s behind every product and service we now can’t live without? A founder. Someone who saw what the world needed before the world even knew it. Someone who started by asking the right questions, and never stopped. Fell, got up, practised, mastered, pushed through. Sounds like you? We should talk.
About Cherry
Cherry are the best early-stage investors in Europe. For us it was a no-brainer to pick them as partners when we started to build Juni. We have not been proven wrong.
— Samir el-Sabini, Co-founder & CEO of Juni
Read the founder storiesSamir El-Sabini Juni
First believers in lasting futures.
European startups are poised to solve the most critical issues in society, environment and business – and we’re here to champion them. From SaaS to mobility to gaming to space tech – our investment approach is industry-curious. Our portfolio of European founders changes customer behaviour, enables enterprises and SMEs, drives impact and sustainability, and empowers developers and creators. At Cherry, we aim to discover and grow the founders, ideas and businesses that we believe will create lasting futures.
About Cherry
After building the first wave of European tech,
we know what it takes to back the next.
What we look forWe started as founders and operators ourselves.
That's why we put founders first.
Meet the Cherry team
News, stories and insights. Made with our founders.
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Cherry invests in Trace.Space, its first investment in the Baltics, to help reinvent the requirements management process for manufacturers.
Feb 6, 2025
We have raised: $500m in new funds to be the right kind of partner, so together we can make European tech a global force. The funds are split between our flagship Early Stage fund, and an opportunity fund to double down on the most promising portfolio companies at Series B and beyond.
Feb 4, 2025
Robeauté has created a self-propelled microrobot, just 1.8 millimeters long—approximately the size of a grain of rice—that can travel inside the human brain to assist neurosurgeons. The company is targeting tissue sample collection for biopsies as its first use case, but Robeauté hopes it has designed its robot to be a cargo-agnostic carrier that could eventually be used to deliver cancer drugs directly to otherwise inoperable and hard-to-treat brain tumors or implant electrodes deep inside the brain to provide treatments for Parkinson’s or other brain disorders.
Jan 14, 2025Get in touch
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press@cherry.vc
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opportunity@cherry.vc