Cherubic Ventures

Cherubic Ventures, founded in 2010 and headquartered in Beijing, is a venture capital firm that specializes in early-stage investments across diverse sectors, including financial services, consumer goods, healthcare, business services, and technology. With a total assets under management of 250 million USD, it operates in both the United States and China, with teams located in San Francisco, Beijing, and Taipei. The firm focuses on seed-stage investments aimed at transforming industries and has built a notable portfolio that includes companies such as Flexport, Virgin Hyperloop One, and Wish. Cherubic Ventures manages multiple funds, including Cherubic Annex Fund I and Cherubic Ventures Fund II, which specifically target sectors like software and commercial services in China and beyond.

Matthew Cheng

Founder & Managing Partner

Tina Cheng

Managing Partner| Global Investments and Partnerships

Danielle Dudum

Partner

Snow Hua

Managing Partner

Ian Mendiola

Venture Partner

Pei-Lin Wu

Marketing Director, Media Relations and Content

Tom Yang

Associate

Past deals in Taiwan

Bitmark

Series B in 2022
Bitmark Inc. develops property system for digital environment. It offers specialized blockchain technology to convert personal data into property that can be sold, licensed, and transferred peer-to-peer. The company’s property system for the digital environment enables individuals to establish ownership claims for personal data akin to how land registrars track land titles or patent offices track patents. The company was founded in 2014 and is based in Taipei, Taiwan with additional offices in Cupertino, California; Reykjavík, Iceland; and Đà Nẵng, Vietnam.

iDrip

Seed Round in 2019
iDrip is a company that specializes in the manufacture of smart coffee machines designed to replicate the brewing techniques of expert baristas. Its innovative coffee makers are engineered to deliver beverages at optimal temperatures and brewing times, allowing customers to enjoy high-quality, hand-brewed coffee at an affordable price. By combining advanced technology with user-friendly features, iDrip aims to enhance the coffee-making experience, making it accessible to a broader audience.

Citiesocial

Series A in 2018
The citiesocial platform helps emerging brands successfully grow their sales and market presence in Asia. We specialize in brand localization, omni-channel sales planning and managed cross-border logistics. We were founded in 2011 and are backed by the Alibaba Taiwan Entrepreneurs Fund, Cherubic Ventures and CDIB Capital.

HowLiving

Seed Round in 2017
HowLiving is a Taiwanese cooking video content platform that focuses on quick cooking, hand baking, and parent-child food. HowLiving vertically integrates audio-visual content websites, social media, and e-commerce platforms. HowLiving was founded in 2015 by Xie Kai Ting, a well-known culinary researcher at Silicon Valley Delicious Wife.

Bitmark

Seed Round in 2016
Bitmark Inc. develops property system for digital environment. It offers specialized blockchain technology to convert personal data into property that can be sold, licensed, and transferred peer-to-peer. The company’s property system for the digital environment enables individuals to establish ownership claims for personal data akin to how land registrars track land titles or patent offices track patents. The company was founded in 2014 and is based in Taipei, Taiwan with additional offices in Cupertino, California; Reykjavík, Iceland; and Đà Nẵng, Vietnam.

XING Mobility

Seed Round in 2016
Founded in Taipei in 2015, XING Mobility empowers any and every vehicle maker to go electric. We innovate advanced energy storage and electric drive technology using the development of extreme-performance racecars and supercars as our R&D platform. XING Mobility's mission is to provide tightly integrated electric powertrains to the world's commercial, industrial and recreational vehicle makers.

H2, Inc.

Series A in 2016
H2, Inc. is a company that specializes in health management solutions through its cloud-based platform, which enables users to monitor and manage blood glucose levels. The company provides a mobile application that facilitates patients in tracking their blood sugar readings and related activities. This platform also allows healthcare professionals to access real-time data on patients' blood glucose levels. Additionally, H2, Inc. offers a smart cable that connects traditional glucose meters to smartphones, enhancing the data synchronization process. Founded in 2013, the company is headquartered in Taipei, Taiwan, and markets its products through online retailers in Taiwan and the United States.

HowLiving

Angel Round in 2016
HowLiving is a Taiwanese cooking video content platform that focuses on quick cooking, hand baking, and parent-child food. HowLiving vertically integrates audio-visual content websites, social media, and e-commerce platforms. HowLiving was founded in 2015 by Xie Kai Ting, a well-known culinary researcher at Silicon Valley Delicious Wife.

Citiesocial

Seed Round in 2016
The citiesocial platform helps emerging brands successfully grow their sales and market presence in Asia. We specialize in brand localization, omni-channel sales planning and managed cross-border logistics. We were founded in 2011 and are backed by the Alibaba Taiwan Entrepreneurs Fund, Cherubic Ventures and CDIB Capital.

VMFive

Series A in 2015
VMFive Inc. develops a cloud based virtual mobile platform. It offers playable advertising solutions for the Asian mobile market. The company was founded in 2014 and is headquartered in Taipei, Taiwan.

iKala

Seed Round in 2015
iKala Interactive Media Inc. specializes in artificial intelligence-driven marketing technology solutions, offering a suite of services designed to enhance customer acquisition and retention for enterprises. The company's key products include iKala Cloud, a machine learning and cloud infrastructure platform for marketers; KOL Radar, which provides integrated social commerce and influencer marketing services; and Shoplus, an AI-driven service for social commerce sales. Founded in 2011 and headquartered in Taipei, Taiwan, with additional offices in Vietnam and Thailand, iKala serves over 400 enterprise clients across various industries, including many Fortune 500 companies. Its technology enables businesses to effectively engage with their customers through data-driven marketing strategies. The company operates in multiple markets, including Taiwan, Singapore, Japan, Hong Kong, the Philippines, Thailand, and Vietnam, and is recognized as a global partner for both Google Cloud and Facebook's marketing solutions.

LIVEhouse.in

Seed Round in 2015
LIVEhouse.in, a real-time video platform based in Taipei

iFit

Series A in 2014
iFit (爱瘦身) is a website and mobile community that focuses on health and slimming services. iFit currently emphasizes on content, communities, and electronic commerce services. It plans on expanding its services into wearable equipment, application software, hardware services, and more. In March 2013, iFit gathered pictures and articles and published a book named Get Food not Fat, which was on the best-selling list once released. At the same time, IFit entered the group buying market. iFit was founded by Chen Yunru in June 2012. She started her business through a fan club by sharing her own experiences of losing weight. In less than a year her fan base reached more than 400,000. The official iFit website was set up in December 2012.

LIVEhouse.in

Seed Round in 2014
LIVEhouse.in, a real-time video platform based in Taipei

Toss Lab

Seed Round in 2014
Toss Lab, Inc. is a software company that specializes in collaboration tools and enterprise messaging. Founded in 2014 and headquartered in Seoul, South Korea, the company has expanded its presence with offices in Kuala Lumpur, Malaysia, and Taipei City, Taiwan, among other locations. Toss Lab's primary offering is JANDI, a group-oriented messaging platform designed specifically for workplaces in Asia. JANDI allows users to communicate effectively, share files, and manage projects, making it suitable for a range of organizations, including small and mid-sized businesses, large enterprises, non-profits, and educational institutions. The platform features integrated collaboration tools that facilitate messaging and group chats, catering to diverse industries both domestically and internationally.

H2, Inc.

Seed Round in 2014
H2, Inc. is a company that specializes in health management solutions through its cloud-based platform, which enables users to monitor and manage blood glucose levels. The company provides a mobile application that facilitates patients in tracking their blood sugar readings and related activities. This platform also allows healthcare professionals to access real-time data on patients' blood glucose levels. Additionally, H2, Inc. offers a smart cable that connects traditional glucose meters to smartphones, enhancing the data synchronization process. Founded in 2013, the company is headquartered in Taipei, Taiwan, and markets its products through online retailers in Taiwan and the United States.

iFit

Seed Round in 2014
iFit (爱瘦身) is a website and mobile community that focuses on health and slimming services. iFit currently emphasizes on content, communities, and electronic commerce services. It plans on expanding its services into wearable equipment, application software, hardware services, and more. In March 2013, iFit gathered pictures and articles and published a book named Get Food not Fat, which was on the best-selling list once released. At the same time, IFit entered the group buying market. iFit was founded by Chen Yunru in June 2012. She started her business through a fan club by sharing her own experiences of losing weight. In less than a year her fan base reached more than 400,000. The official iFit website was set up in December 2012.

Pinkoi

Seed Round in 2011
Pinkoi is a social e-commerce platform that enables designers and artists to sell their unique products, including clothing, shoes, fashion accessories, stationery, electronics, and home goods. Founded by Peter Yen, Mike Lee, and Maibelle Y. Lin in 2009, Pinkoi officially launched in 2010 and is headquartered in Taipei, Taiwan. The platform is designed to cater to the Asian market and is also available as a mobile application for handheld devices, facilitating a convenient shopping experience for users.