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Cherry Ventures

Also known as Cherry

Berlin, Germany Founded 2012 cherry.vc

  • Pre-seed
  • Seed
  • Early stage
  • Growth
  • software
  • AI
  • consumer

Cherry Ventures’s latest fund is Cherry V (Early Stage + Opportunity): $500M, 2025, #92 of 427 firms by latest fund.

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Latest fund$500M2025
Rank by latest fund#92of 427 firms
Assets under managementNot reported
Funds with reported performance1From public LP disclosures
Funds raised, by the year each closed
Funds raised, by the year each closedFunds raised, by the year each closed. 2022: $374M; 2025: $500M.2022 · Raised: $374M$374M20222025 · Raised: $500M$500M2025
The numbers
YearRaised
2022$374M
2025$500M

Overview

Cherry IV USD conversion approximate.

Notable portfolio companies

Funds

FundClosedSizeSource
Cherry V (Early Stage + Opportunity)2025$500Mcherry.vc
Cherry IV2022$340M€320Mpitchbook.com
Cherry Crypto I2022$34Mtheblock.co

LPs on the record

2 private foundations list on their latest IRS Form 990-PF, and 1 other LP reports holding Cherry Ventures’s funds.

Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

FundVintageNet IRRVersus vintage (IRR)TVPIDPIReported by
Cherry Ventures Management GmbH—N/MNot yet meaningful——KfW Capital

KfW Capital: KfW Capital portfolio: venture capital and venture debt funds (a selection), as of October 11, 2026. KfW Capital, the venture capital arm of Germany's state development bank KfW, invests as a limited partner in European venture capital and venture debt funds. Its website names 83 fund managers it is invested with and says the list is a selection ("Eine Auswahl"), so it is not the whole portfolio. The page names managers, not the individual funds, and gives no amount, so each entry here is a manager's name as KfW Capital prints it and the commitment and every other amount, the vintage year, multiple and IRR are blank; nothing is converted from euro because no amount is published. Venture debt managers are in the list and are not marked as such. The page carries no date: the as-of date is the day it was read. View source

About this data

Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.

  1. cherry.vc
  2. theblock.co/amp/post/134525/cherry-crypto
  3. techcrunch.com/2025/02/05/cherry-ventures-raises-a-new-50…
  4. cherry.vc/news/cherrys-commitment-to-europe-an-open-lette…
  5. pitchbook.com/news/articles/cherry-ventures-seeks-europea…

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