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. Perhaps further evidence of this view persists in the news that Berlin-based Cherry Ventures has closed its latest fund at $500 million, to be split between early-stage rounds and follow-on rounds at Series B and beyond.
A statement from Cherry laid out its ambition. It wants to use this fund to help build the “first trillion dollar company in Europe.” With this, it called for the reversal…
