Cherry Ventures
Cherry Ventures is a Berlin-headquartered early-stage venture capital firm founded in 2012 by former Zalando operators Filip Dames and Christian Meermann, typically backing European founders as their first institutional investor at pre-seed and seed. With offices in Berlin, London and Stockholm, the firm has raised a succession of funds (Cherry I through V) totalling well over EUR 1 billion, plus a dedicated crypto vehicle, and has seeded companies such as Auto1, FlixBus, Forto, Infarm, Flink and Proxima Fusion.
Cherry Ventures is a Berlin venture capital firm with €1.4B AUM, 13 active companies and 3 exits.
- ·Average hold across 3 realized deals: 6 years.
- ·Top sector focus: E-commerce (31% of portfolio).
- ·Fund cadence: ~3Y between vintages · last raise 2025.
Sector breakdown
16 companiesGeography breakdown
4 geographiesKey facts
Recent exits
Cherry Ventures sold Infarm to May Acquisitions Limited in 2023 after 6 years.
Cherry Ventures took Auto1 Group public in 2021 after 9 years.
Cherry Ventures sold flaschenpost to Oetker Group in 2020 after 4 years.
Coverage notes
5 funds tracked, 16 portfolio companies (13 active · 3 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Cherry Ventures has raised, with its portfolio companies. Hand-checked from public filings.
Cherry Ventures Fund VGrowth2025€480M4 assetsGrowth2025 · 1yr€480M4–
Unrealized
4 held| Company | Entry |
|---|---|
| Dash0 DevTools · US | 2025 |
| Proxima Fusion ClimateTech · Germany | 2025 |
| Robeaute MedTech · France | 2025 |
| telli SaaS · Germany | 2025 |
Cherry Ventures Fund IVVC2022€300M2 assetsVC2022 · 4yr€300M2–
Cherry Ventures Fund IIIVC2019€175M5 assetsVC2019 · 7yr€175M5–
Unrealized
5 held| Company | Entry |
|---|---|
| Flink FoodTech · Germany | 2021 |
| Juni Fintech · Sweden | 2020 |
| Moss Fintech · Germany | 2021 |
| SellerX E-commerce · Germany | 2020 |
| The Exploration Company Aerospace & Defence · Germany | 2021 |
Cherry Ventures Fund IIVC2016€150M1 assets2 exitsVC2016 · 10yr€150M12
Unrealized
1 held| Company | Entry |
|---|---|
| Forto Logistics · Germany | 2016 |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| flaschenpost E-commerce · Germany | 2016 | 2020 | Trade Sale | Oetker Group | – |
| Infarm AgTech · Germany | 2017 | 2023 | Trade Sale | May Acquisitions Limited | – |
Cherry Ventures Fund IActiveEvergreen2013€10M1 assets1 exitsEvergreen2013 · 13yr€10M11
Unrealized
1 held| Company | Entry |
|---|---|
| FlixBus Mobility · Germany | 2013 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Auto1 Group E-commerce · Germany | 2012 | 2021 | IPO | – | – |
Frequently asked questions
- What investment strategy does Cherry Ventures focus on?
- Cherry Ventures focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does Cherry Ventures have?
- Cherry Ventures has 13 active portfolio companies and 3 completed exits and 5 funds tracked on GP Intel.
- Where is Cherry Ventures headquartered?
- Cherry Ventures is headquartered in Berlin, Germany.
- What is Cherry Ventures's assets under management?
- Cherry Ventures manages approximately €1.4B in assets under management.
- When was Cherry Ventures founded?
- Cherry Ventures was founded in 2012.
- What sectors does Cherry Ventures invest in?
- Cherry Ventures invests across TMT, Software, Consumer, Business Services, Healthcare, Energy.
- What are Cherry Ventures's recent exits?
- Recent realized exits by Cherry Ventures include: Infarm (2023) to May Acquisitions Limited; flaschenpost (2020) to Oetker Group.
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