Cherry is top quartile by Seed to Series A Conversion

Picking the right investor matters hugely for startups.



Startups backed by Cherry Ventures at seed stage:

• Convert Series A more likely: 82% conversion instead of median 25%
• Convert sooner (18 months, instead of median 20 months)
• Do a bigger Series A round ($13M instead of median $9M)
• To higher quality investors: converts to top 3% investor

Source: Dealroom Analysis as of April 2024