đź“ť Cherryrock raises $172M

Author

Liam Gill
February 24, 2025

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Cherryrock Capital, founded by ex-TaskRabbit CEO Stacy Brown-Philpot, has closed its $172 million Fund I, backed by JPMorgan, Goldman Sachs, Melinda French Gates, Reid Hoffman, and others. Launched in 2023 amid a tough VC fundraising climate, the firm took two years to finalize the fund, focusing on Series A and B investments for diverse founders—an underserved space. Cherryrock has already backed Coactive AI and Vitable, aligning with Brown-Philpot’s track record of supporting diversity in tech. The fund's launch comes as DEI initiatives face increasing political and legal challenges.

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