Corporates get a taste of Cherry’s $170m second fund

May 12, 2016 • Robert Lavine

ProSiebenSat.1 and Franz Haniel both contributed capital as Berlin-based venture capital firm Cherry Ventures closed its Cherry Ventures II fund.

Germany-based venture capital firm Cherry Ventures closed a €150m ($170m) second fund yesterday, drawing capital from limited partners including media company ProSiebenSat.1 and family holding group Franz Haniel & Cie.

Cherry Ventures has so far invested in 27 companies, securing exits from Quandoo, a restaurant booking platform bought by human resources firm Recruit for $220m in March 2015, and erotic toys and lingerie seller Amorelie, which was acquired by ProSiebenSat.1 the same month.

The fund will target early-stage European companies…

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