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Cherry Ventures raises a new $500M fund for early-stage and beyond, but will it be enough?
It’s sometimes said that European VC doesn’t have the firepower to compete with VCs in the U.S., which regularly raise billion-dollar+ funds these days.
Meanwhile, Revolut backer Balderton Capital recently managed to raise $1.3bn for European tech start-ups, while concurring that Europe is missing out on the AI boom. LPs in the new fund include entrepreneurs Miki Kusi from Wolt; Ilkka Paananen, chief executive of Supercell; and Jochan Enghert from Flix. He has interviewed Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, Jimmy Wales, and many other tech leaders and celebrities.
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