Cherry Ventures’ €30 Million Crypto Fund Structuring

YPOG advised Cherry Ventures on the deal.

Cherry Ventures structured its new fund Cherry Decentral I. The crypto-focused fund has reached closing at approximately €30 million and is the company’s first major foray into the digital assets space.

With Cherry Decentral I, Cherry Ventures intends to empower companies taking their first steps into web3. The fund will support selected founders and companies primarily with token-based investments rather than equity. While targeting various global opportunities, Cherry Ventures will focus on investments in the European crypto market.

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 75+ companies across Europe, focussing on climatetech, agritech, fintech, ecommerce, software, and more. The broader 24-person team has local presence in Berlin, Stockholm, and London and features a multitude of backgrounds in fields such as computer science, health and neuroscience, law, media, organizational design, product, finance, and more. The team itself comes from the US, UK, Canada, Germany, Italy, and Sweden.

The YPOG team included Jens Kretzschmann (Picture – Regulatory/Tax), Partner; Dr. Julian Albrecht (Structuring/Tax), Associated Partner; Dr. Dajo Sanning (Tax), Associate.

Involved fees earner: Julian Albrecht – YPOG; Jens Kretzschmann – YPOG; Dajo Sanning – YPOG;

Law Firms: YPOG;

Clients: Cherry Ventures Management GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler