Betterfront is happy to have supported Cherry Ventures in raising their 4th flagship fund, Cherry IV. The Berlin-based venture firm is doubling down on its core strategy and will invest its latest €300m fund in European companies at the seed stage. The team behind Cherry has backed some of Europe’s most successful stories, such as Auto1 Group, Infarm and Flink, and will continue to invest in software, foodtech, fintech, web3, commerce, climate-tech and health.
We have selected Betterfront for managing the fundraising of Cherry IV, the firm’s largest fund to date. With a very diversified LP base going from well-established tech entrepreneurs to world-class institutional investors, we needed a solution to satisfy all types of investors. Betterfront delivered an easy-to-use platform with a great experience to investors and helped make this fundraising a success. All Cherry partners collaborated directly on the Betterfront platform to drive the capital raise forward and reach our target fund size on time. We can only recommend it.
About Cherry Ventures
Cherry Ventures is an early-stage venture capital firm led by a team of entrepreneurs with experience building fast-scaling companies such as Zalando and Spotify. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from their go-to-market strategy and the scaling of their businesses. Cherry Ventures has previously invested in the seed stage of over 70 companies across Europe, including FlixBus, Auto1 Group, Flaschenpost, Infarm, Rows, Forto, SellerX, Juni, and Flink. Cherry Ventures is based in Berlin and invests across Europe with operations in London and Stockholm.
More information at: cherry.vc
About Betterfront
Betterfront is a fundraising platform dedicated to venture capital and private equity. The platform helps fund managers attract, engage and win institutional investors using advanced data analytics. With 90% of allocators ranking track record as the most important factor when considering a fund manager, Betterfront’s fundraising platform helps fund managers tell a differentiated story in a way no other data room provider can. To learn more about it, visit Betterfront.io and book a demo.
More information at: betterfront.io
