📝 Cherry Ventures raises $500M

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Berlin-based Cherry Ventures has closed a $500 million fund, aiming to reverse the negative sentiment around Europe’s startup ecosystem and build the continent’s first trillion-dollar company. However, the funding landscape remains challenging—European AI startups raised just $8 billion compared to $97 billion in the U.S., and U.K. startup funding dropped 50% last quarter. While Cherry’s portfolio includes notable names like Flink and Forto, it wasn’t featured in last year’s HEC-Dow Jones VC rankings. Meanwhile, Balderton Capital raised $1.3 billion, echoing concerns that Europe is missing out on AI’s explosive growth.

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