Cherubic Ventures Fund VI

Cherubic Ventures

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Status

ACTIVE

Global HQ

Taipei, Taiwan

Countries of investment

United States
China
Taiwan
Singapore
Hong Kong
Southeast Asia

Investment stages

Pre-Seed
Seed
Series A

Industries

AI-Native
Enterprise Software
Consumer
FinTech
HealthTech
EdTech
IoT
Blockchain
Disruptive Technology
Consumer Internet

About
Cherubic Ventures is a Taipei-based venture capital firm focused on backing early-stage AI-native and disruptive technology founders across US and Asia. Their focus spans AI, enterprise software, consumer, fintech, and healthtech across United States, China, Taiwan, Singapore, Hong Kong, and Southeast Asia. The firm supports tech founders from pre-seed through Series A stages.

Min check size: $500K
Max check size: $1M
Fund size: Unlock
NPS: Unlock

Investment Thesis

Cherubic Ventures is a pre-seed to Series A stage venture capital firm deploying capital across AI-native, enterprise software, consumer, fintech, healthtech, edtech, IoT, and disruptive technology sectors. They invest $500K-$1M with sweet spot around $750K as often the first believer in ideas before other external investors show interest. The firm differentiates itself as a solo-GP firm with Fund VI closed at $68.88M (deliberate step-down from $110M Fund V), pushing AUM past $500M, focused on early-stage AI-native startups across US, China, Taiwan, and Southeast Asia.

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Manager's Experience

Founded in 2010 (also cited 2014). Solo-GP firm led by Matt Cheng (Founder and Managing Partner). Team of 9 including 6 partners based in Taipei with offices in San Francisco and Beijing. Manages $500M+ AUM across six funds, with Fund VI closing at $68.88M (deliberate step-down from $110M Fund V). Portfolio of 228+ investments including 4 unicorns, 5 IPOs, and 21 acquisitions like Flexport, Calm, and Ring Labs. Notable investments include Bungalow, Points, Terminal 3, and other early-stage AI-native, disruptive technology companies across US, China, Taiwan, and Southeast Asia.