About Cherry Ventures
Cherry Ventures is a venture capital firm founded in 2012. It is primarily based out of Berlin, Germany. As of Jun 2025, Cherry Ventures is an active investor, having invested in 141 companies, with 12 new investments in the last 12 months. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it led the $148M Series A round of Proxima Fusion along with Omnes Capital. This round also saw participation from Lightspeed Venture Partners and other investors.
Overall, Cherry Ventures portfolio has seen 6 unicorns, 3 IPOs and 16 acquisitions including key companies like Xometry, FlixBus and Cazoo. A lot of funds co-invest with Cherry Ventures, with names like Seedcamp sharing a substantial percentage of its portfolio.
Cherry Ventures has team of 25 people including 8 partners.
Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Deals in last 12 months
Cherry Ventures' List of Top Investments
Cherry Ventures has a portfolio of 141 companies, including 6 unicorns. Their most notable investments are in Flink and TWAICE.Their portfolio spans across Germany, United Kingdom, United StatesÌý²¹²Ô»å 15 more locations. They have invested in Enterprise Applications, High Tech, ConsumerÌý²¹²Ô»å 30 other sectors, across stages such as Seed, Series A Ìý²¹²Ô»å 3 more. Here is the list of top investments by Cherry Ventures:1. Xometry
Provider of platform for on-demand distributed manufacturing. The platform provides on-demand prototyping using services such as CNC, sheet metal fabrication, 3D printing, selective laser sintering, injection molding, and more. It allows customers to upload the 3D models, select materials and processes, and get an instant quote for prototyping the product. It also stocks industrial raw materials of brands such as aerospace & defense, electronics & semiconductors, medical and more.
Key facts about Xometry
- Founded Year: 2013
- Location: Gaithersburg (United States)
- Annual Revenue: $463M as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $200M
- Employee Count: 480 as on Dec 31, 2022
- Investors: HTIF, Greenspring Associates and 19 Others
- Latest Funding Round: Post IPO, Feb 01, 2022, $250M
- Highlight: Public
2. FlixBus
App-based bus ticket booking platform. Users can book tickets by providing location, user details, payment details, and more. The platform provide services that include Wi-Fi, real-time tracking, and more. The app is available for iOS and Android devices.
Key facts about FlixBus
- Founded Year: 2013
- Location: Munich (Germany)
- Annual Revenue: €2B as on Dec 31, 2023
- Valuation: $3B as on Jun 02, 2021
- Stage: Series G
- Total Funding till date: $1.22B
- Employee Count: 442 as on Dec 31, 2020
- Investors: Silver Lake, Bryant Stibel and 31 Others
- Latest Funding Round: Series G, Jul 04, 2024
- Highlight: Editors' Pick
3. Cazoo
Online dealer of second-hand cars. Their platform enables buyers to search for cars and view their specifications, photos, service history, price, and more. Buyers can purchase the car via the platform, as well as, have the cars delivered to their location. Their platform also provides car financing and servicing.
Key facts about Cazoo
- Founded Year: 2018
- Location: London (United Kingdom)
- Annual Revenue: £622M as on Dec 31, 2021
- Stage: Public
- Total Funding till date: $563M
- Employee Count: 2,025 as on Dec 31, 2022
- Investors: BlackRock, Fidelity Investments and 35 Others
- Latest Funding Round: Post IPO, Feb 10, 2022, $630M
- Highlight: Public
4. AMBOSS
Mobile & cloud-based educational resources for medical exams. It offers question banks, review books, textbooks, lecture notes, personal notes, multimedia, and more for the students. The platform also provides learning cards for physicians and is offered on a subscription model. Its mobile app is available for Android and iOS devices.
Key facts about AMBOSS
- Founded Year: 2012
- Location: Berlin (Germany)
- Stage: Series C
- Total Funding till date: $292M
- Employee Count: 20 as on Dec 31, 2022
- Investors: Wellington Partners Venture Capital, Quadrille Capital and 9 Others
- Latest Funding Round: Series C, Mar 25, 2025
- Highlight: Editors' Pick
5. SellerX
Provider of brand acquisition and management services for amazon-based retailers. The company acquires, operates small and medium-sized brands on Amazon. The acquiring process starts with a free valuation of the businesses, due diligence examination, legal documentation, and deal closing & fund transfer.
Key facts about SellerX
Cherry Ventures' Year-on-Year Investment Trends
Cherry Ventures has invested in 141 companies over the last 12 years, with an average of 10 new investments annually in the last 10 years. In 2024, it made 22 investments, while as of Jun 2025, it has made 9 investments in this year. Its most recent first time investment was in Proxima Fusion and most recent follow-on round was in Ravio.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 7 | 2 | 9 |
2024 | 9 | 13 | 22 |
2023 | 8 | 8 | 16 |
2022 | 20 | 13 | 33 |
2021 | 19 | 16 | 35 |
2020 | 8 | 9 | 17 |
2019 | 7 | 8 | 15 |
2018 | 9 | 5 | 14 |
2017 | 9 | 3 | 12 |
2016 | 7 | 1 | 8 |
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Cherry Ventures' Investments by Stage
Cherry Ventures has made 74 investments in Seed stage with an average round size of $5.56M, 30 investments in Series A stage with an average round size of $14.1M, 4 investments in Series B stage with an average round size of $18M, 1 investment in Conventional Debt stage and 1 investment in Series D stage.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 74 |
Series A | 30 |
Series B | 4 |
Conventional Debt | 1 |
Series D | 1 |
Cherry Ventures' Investments by Sector
Cherry Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, FinTech and Vertical SaaS. Notably, it has invested in 129 Tech companies, 77 Enterprise (B2B) companies, 67 Consumer (B2C) companies and at least 62 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 53 |
Consumer | 30 |
High Tech | 27 |
FinTech | 23 |
Vertical SaaS | 19 |
Others | 151 |
Cherry Ventures' Investments by Geography
Cherry Ventures has made most investments in Germany (57), followed by United Kingdom where it has made 17 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Germany | 57 |
United Kingdom | 17 |
United States | 10 |
Denmark | 5 |
Sweden | 5 |
Others | 15 |
Cherry Ventures' recent investments
Here are the most recent investments by Cherry Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 11, 2025 | Germany | Series A | $148M | Balderton Capital [+13] | |
Jun 10, 2025 | Germany | Seed | $7.31M | ABACON CAPITAL [+4] | |
May 08, 2025 | United Kingdom | Series A | $12M | Spark Capital [+1] | |
May 08, 2025 | Denmark | Series A | €4.2²Ñ | [+1] | |
Apr 15, 2025 | Germany | Seed | $3.6M |
Get the detailed list of all investments by Cherry Ventures. Download now!Unicorns in Cherry Ventures' Portfolio
Here is a list of unicorns in Cherry Ventures' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
40 | Producer of herbs and vegetables using IoT-powered indoor hydroponic vertical farms | 2013 | Berlin | Series D | o{nwnlu | ||
66 | Online platform offering delivery of multi-category grocery products in 10 minutes | 2020 | Berlin | Series C | ytpwrww | ||
69 | Provider of brand acquisition and management services for amazon-based retailers | 2020 | Meerbusch | Series B | ixxxenc | ||
68 | Provider of tech-enabled freight forwarding services | 2016 | Berlin | Series D | hlmbnsy | ||
76 | App-based bus ticket booking platform | 2013 | Munich | Series G | gtuyoly |
IPOs and Publicly Listed companies in Cherry Ventures' Portfolio
Here are Cherry Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2021 | - | - | - | |
Feb 04, 2021 | - | - | - | |
Dec 18, 2020 | - | - | - |
Acquired companies in Cherry Ventures' Portfolio
Here are Cherry Ventures' portfolio companies that got acquired most recently:
Team profile of Cherry Ventures
Cherry Ventures has a team of 25 membersÌýincluding 8 Partners, 2 Venture Partners and 12 PrincipalsÌýlocated in Germany, United Kingdom and . Cherry Ventures' team sits on the board of 2 companies.Here is a list of top team members in Cherry Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Berlin | - | - | |
Partner | Germany | |||
Partner | Berlin | |||
Partner | Berlin | - | - | |
Partner | Berlin | - | ||
Partner | Stockholm | - | ||
Partner | Berlin | - | ||
Partner | Venustiano Carranza | - | - | |
Venture Partner | Stockholm | - | ||
Venture Partner | United Kingdom | - | - | |
Principal | Berlin | - | - |
Get the full list of Cherry Ventures' team & partners for free. Download now!Co-investors of Cherry Ventures
Over the past 12 years, 810 investors have co-invested in Cherry Ventures's portfolio companies.
- Invested before Cherry Ventures:Ìý, UVC Partners and 122 others have invested in rounds before Cherry Ventures. There are 5 companies where Y Combinator has invested before Cherry Ventures and 4 companies where UVC Partners has invested before Cherry Ventures.
- Top Co-investors of Cherry Ventures:Ìý341 investors entered a company along with Cherry Ventures. These include investors like Seedcamp (5 companies).
- Invested after Cherry Ventures:ÌýA total of 345 investors have invested in Cherry Ventures's portfolio after their investments. Top Investors include Target Global (6 companies), TriplePoint Capital (4 companies) and Atomico (4 companies).
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Recent News related to Cherry Ventures
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Power Technology•Jun 13, 2025•Proxima Fusion, Cherry Ventures, Balderton Capital, UVC Partners and 4 others
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Zephyrnet•May 07, 2025•, Cherry Ventures,
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