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