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§ Venture Capital · San Francisco, CA, USA
Seed-stage venture capital firm investing in early-stage technology startups globally, supporting founders from angel to pre-IPO stages.
Cherubic Ventures is a seed-stage venture capital firm based in Taipei, Taiwan, that invests globally in pre-product market fit and early-stage technology startups. The firm currently manages $400 million in assets under management across 10 closed funds, having most recently closed Cherubic Ventures Fund V in April 2022. Operating with a team of 16 employees and generating an estimated $4 million in annual revenue, the organization supports founders from initial angel rounds through pre-IPO stages. The firm has successfully seeded over ten companies that subsequently reached market valuations exceeding $1 billion. Its diverse investment portfolio features several notable technology companies, including telehealth platform Hims & Hers, fintech provider Paidy, smart home security manufacturer Ring, e-commerce platform 91APP, and logistics provider Flexport. Cherubic Ventures was established in 2014 by founder and managing partner Matt Cheng.
Key people at Cherubic Ventures.
Key people at Cherubic Ventures.
Cherubic Ventures is a global early-stage venture capital firm founded in 2014, focused on investing in ambitious founders from the angel stage through pre-IPO. The firm emphasizes a founder-first approach, partnering closely with entrepreneurs to help them scale globally, leveraging its deep market insights and cross-regional presence in San Francisco, Tokyo, Taipei, and Shanghai. Cherubic invests primarily in sectors such as EdTech, Creator Economy, Enterprise SaaS, Software, and Big Data & Analytics, supporting companies from seed to Series B stages. Notable portfolio companies include Hims & Hers, Calm, Flexport, Paidy, 91APP, and Tezign, reflecting its impact on the startup ecosystem by backing innovative, high-growth ventures worldwide[1][2][3].
Cherubic Ventures was founded by Matt Wang, a seasoned entrepreneur and investor with over 15 years of experience in Silicon Valley and Greater China. Matt’s background includes founding roles and strategic leadership in tech companies, such as Tian Ge Interactive and Fotoable Inc. His vision to support founders emerged from his own entrepreneurial journey, leading to Cherubic’s focus on pre-product/market fit startups. The firm has evolved to become a pioneering institutional angel investor, often investing ahead of larger venture firms, and has built a global network of over 200 portfolio companies and 500+ founders and advisors[2][3].
Cherubic Ventures rides the wave of globalization in tech startups, especially those innovating in consumer platforms and enterprise software. Its timing is critical, as it invests at the earliest stages when companies are still shaping product-market fit, enabling them to navigate complex markets in Asia and the West. Market forces such as digital transformation, telehealth, fintech innovation, and creator economy growth align with Cherubic’s sector focus. By bridging Silicon Valley and Greater China ecosystems, Cherubic influences the broader startup landscape by facilitating cross-border expansion and knowledge exchange[1][2][3].
Looking ahead, Cherubic Ventures is poised to deepen its influence by continuing to back audacious founders who aim to solve global problems through technology. Trends like AI, decentralized finance, and health tech will likely shape their investment focus. As the startup ecosystem becomes more interconnected, Cherubic’s global perspective and founder-centric model position it to remain a key player in early-stage venture capital, helping startups scale across diverse markets and stages.
This trajectory ties back to Cherubic’s founding mission: empowering visionary entrepreneurs from the earliest moments to build transformative companies that impact the world.
Cherubic Ventures has more than 26 tracked investments across 25 companies. The latest tracked deal is $9.0M Seed in Titan Dynamics in January 2026.