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Cherry Ventures is collecting a new $ 500 million base in the early stages and beyond, but will it be enough? ncvrs.com

Sometimes it is said that a European venture unit does not have a firepower to compete in the United States with VCS, which nowadays regularly raises billions of dollars+ funds. It may be the further evidence of this view that there is a rumor to be based on Berlin Cherry businesses It closed its last fund with $ 500 million to be divided in the early and B Series and beyond.

Cherry’s statement placed his ambition. He wants to use this fund to promote the structure of the “first trillion company in Europe”. He called on the reversal of the “fate and obscurity” of the European economy.

This is great, though evidence that European start -ups are currently thin on the trillion trail on Earth. An example of this is when AI plays like a pub, everyone says it will be, only a handful of the terrain The most important capitalized companies come from this neck of the forest. Recent research estimates that AI companies have raised about $ 8 billion in Europe compared to some $ 97 billion It was raised in the United States for AI start -ups. Yes, it’s not just about money, but as soon as Cherry and other venture capital knows, this capital is a critical part of the mixture.

Cherry did not give a timeline for his aspirations.

In the United Kingdom, the largest starting market in Europe, the UK businesses in October, fell 50% compared to the previous quarter, as start -ups provided only about $ 2.9 billion; according to. reportOr

Cherry Ventures itself did not appear in last year’s HEC-Dow Jones Venture Capital Performance RankThe most important title is the early digital oriental fund.

Meanwhile, Revolut Balderon Capital Backer has recently raised $ 1.3 billion for European technology start -ups, while agreeing that Europe is missing from AI boom.

Cherry’s last foundation, announced in early 2022, was EUR 300 million ($ 312 million). The venture capital portfolio includes the Space Tech The Exploration Company, the Flink starting grocery, the neurosurgery microbots robeeaute, the Greyhound owner, Flix SE and Logistics Unicorn Forto.

LPS in the new fund is Miki Kui Fome Wolt; Ilkka Paanens, Chive Executive or Supercel; and Jochan Engert Flix.

Cowswap, Ninetailed and Homelkele were featured at the 18 exits of Cherry Ventures.

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