Cryptocurrencies In the face of its increasing popularity and use, corporate companies also cryptocurrency began to accelerate its services.
In this context, finally, the German venture capital firm Cherry Ventures announced the launch of its first crypto fund.
The Berlin-based company reported that its crypto fund “Cherry Crypto I” is worth $34 million.
Cherry Ventures is preparing to trade cars for crypto with this new fund.
Cherry Ventures, one of the important investment companies in Europe, has already invested in companies such as Lido, Morpho and Radicle as part of the new crypto fund launched.
Patrick Mayr, an investor on the Cherry crypto team, stated that the fund is supported by both Limited Partners (LPs) who are familiar with Cherry and seeking crypto exposure, and new investors who only invest in the crypto fund.
Mary stated that the team behind the crypto fund “Cherry Crypto I” aims to invest globally, and in this context, they will also benefit from the roots of Cherry Ventures.
When asked if the new crypto fund would invest in NFTs, Mayr said he had researched the industry and had the infrastructure needed to invest.