Dinika Mahtani, Partner at Cherry Ventures, shares her career journey and transition to venture capital, Cherry Ventures' success and shift towards B2B software, exploring the potential of B2B marketplaces, creating marketplaces and starting with angel investing, evaluating founders and the importance of volume in investing, and the value of open communication and seeking help from investors.
Cherry Ventures focuses on early-stage B2B software companies and actively adapts to technology trends like AI.
Cherry Ventures supports portfolio companies throughout their journey and helps them achieve their next phase of growth.
Deep dives
Cherry Ventures Investment Thesis and Approach
Cherry Ventures is a European early stage venture capital firm that invests in pre-seed and seed stage companies. They are high conviction investors, writing 12 to 15 new investments per year. They typically take a board seat and invest one to five million dollars or euros per company. They are a generalist firm, investing in various sectors, including consumer, B2B software, and space technology. They focus on backing venture scale businesses.
Cherry Ventures' Success and Notable Investments
Cherry Ventures is known for its success as an early stage fund in Europe. They have invested in companies like FlixBus, Auto1, and various landmark consumer technology companies. They have recently built a reputation in the fintech sector. Their success comes from their ability to identify and support founders, leveraging their operational experience and understanding of market trends.
Cherry Ventures' Evolving Strategy
Cherry Ventures has evolved its strategy to focus more on B2B software companies, reflecting the shift towards cloud-first and software-first approaches. They believe in learning and adapting with changing technology waves, such as AI. While consumer investing may seem less prominent, they believe it will evolve into a different form and continue to be relevant. They also acknowledge the changing funding landscape and alternative means for companies to secure capital.
Keys to Cherry Ventures' Success and Cherry Style Founders
Cherry Ventures' success lies in their ability to graduate early stage companies to series A and beyond. They have a clear understanding of the steps and actions required for companies to achieve their next phase of growth. They are known for being action-oriented and providing support to their portfolio companies throughout their journey. They look for founders who can build venture scale businesses and are prepared to hyper-scale their products.
Dinika Mahtani is a Partner at Cherry Ventures; 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.
Dinika joins James Pringle and Hector Mason to share share her career in banking and then at Uber, angel investing, Cherry Ventures’ secret sauce to success, & so much more.
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