Cherubic Ventures

Overview

Cherubic Ventures is a seed-stage venture capital firm headquartered in Taipei, Taiwan, with operations in Silicon Valley and Greater China. It invests globally in pre-product market fit and early-stage technology startups across sectors including EdTech, Creator Economy, Enterprise SaaS, FinTech, and Big Data & Analytics, managing $400 million in assets across 10 closed funds.¹³⁴

History

Cherubic Ventures was founded in 2014 by Matt Cheng (also referenced as Matt Wang), a seasoned entrepreneur with experience in Silicon Valley and Greater China, including founding Tian Ge Interactive and Fotoable Inc.¹² The firm has grown to manage 10 funds, with the most recent Cherubic Ventures Fund V closing in April 2022, and supports over 200 portfolio companies from angel rounds to pre-IPO stages.¹⁴ It has seeded over ten companies reaching unicorn status, including Hims & Hers, Paidy, Ring, 91APP, and Flexport.¹

Notable Products

• Cherubic Ventures Fund V - Latest closed fund in April 2022, part of 10 funds managing $400M in assets under management.
• Investments in Hims & Hers - Early investment in telehealth platform that reached unicorn valuation.
• Investments in Flexport - Backing of logistics provider among portfolio companies exceeding $1B valuation.
• Investments in Paidy - Fintech provider in early-stage portfolio.
• Investments in Ring - Smart home security manufacturer seeded by the firm.
• Investments in 91APP - E-commerce platform in the firm's diverse technology investments.

Reputation

Cherubic Ventures is recognized as a pioneering institutional angel investor for its early bets on high-growth tech startups, with a track record of over ten unicorns in its portfolio.¹ Professionals note its global network spanning Silicon Valley, Greater China, and beyond, supporting founders through pre-IPO stages.²³ It maintains a focused team of 16, emphasizing pre-product market fit investments in key sectors like SaaS and FinTech.¹⁴