Cherry Ventures, a venture capital firm based in Berlin, has launched its fifth and largest fund, raising $500 million to support European startups. The new fund aims to propel the development of Europe's first trillion-dollar company by backing high-risk, early-stage ventures. The firm has published an open letter to Europe's founders, signaling its commitment to fostering innovation within the continent's tech ecosystem. The announcement has garnered attention across various media outlets, highlighting the significance of this funding in the context of Europe's growing tech scene.