Cherubic Ventures

Cherubic Ventures, established in 2014 and headquartered in Taipei, Taiwan, is an early-stage venture capital firm that operates in both the United States and China. With assets under management totaling 250 million USD, the firm focuses on seed-stage investments across various sectors, including technology, healthcare, consumer goods, and financial services. Cherubic Ventures aims to identify and support innovative companies poised to transform their respective industries. The firm has an international presence, with teams located in San Francisco, Beijing, and Taipei. Notable companies in its portfolio include Flexport, Virgin Hyperloop One, Wish, and Ring, reflecting its commitment to investing in high-potential ventures.

Matt Cheng

Founder and Managing Partner

Tina Cheng

Partner

Danielle Dudum

Partner

Mabel Hsu

Partner

Snow Hua

Partner

Greg Lee

Co-Founder and General Partner

Angela Chieh-Ling Liu

Senior Associate

Epan Wu

Venture Partner

Xia Xiao

Investor

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
Citiesocial Co., Ltd., established in 2011 and headquartered in Taipei, Taiwan, functions as an online retailer specializing in gourmet and designer goods. The company focuses on assisting emerging brands in expanding their sales and enhancing their market presence in Asia. Its services include brand localization, omni-channel sales planning, and managed cross-border logistics, which are critical for brands looking to navigate the complexities of the Asian market. Citiesocial is supported by notable investors such as the Alibaba Taiwan Entrepreneurs Fund, Cherubic Ventures, and CDIB Capital.

HowLiving

Seed Round in 2017
HowLiving is a Taiwanese platform that specializes in cooking video content, focusing on quick recipes, hand baking, and parent-child cooking activities. Founded in 2015 by culinary researcher Xie Kai Ting, HowLiving serves the Chinese-speaking audience by providing a range of cooking-related videos, articles, and editorial content. The platform integrates various elements, including social media and e-commerce, allowing users not only to access original cooking content but also to purchase cooking-related merchandise. By offering diverse resources such as recipe books and event notices, HowLiving aims to enhance the culinary experience for its users.

Hahow

Angel Round in 2017
Hahow is an educational marketplace that allows experts to share their knowledge and earn money through crowdfunded video course. At Hahow, talent and knowledge are not only valued but also valuated. More importantly, Hahow allows for such skills to be more effectively passed on by lowering the barriers for cross-domain learning. We believe that education is a way of life. Through proper utilization of technology and creativity, we hope to serve as the catalyst for the transfer and circulation of knowledge and skills, thereby spreading the joy of learning worldwide.

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 platform that specializes in cooking video content, focusing on quick recipes, hand baking, and parent-child cooking activities. Founded in 2015 by culinary researcher Xie Kai Ting, HowLiving serves the Chinese-speaking audience by providing a range of cooking-related videos, articles, and editorial content. The platform integrates various elements, including social media and e-commerce, allowing users not only to access original cooking content but also to purchase cooking-related merchandise. By offering diverse resources such as recipe books and event notices, HowLiving aims to enhance the culinary experience for its users.

Citiesocial

Seed Round in 2016
Citiesocial Co., Ltd., established in 2011 and headquartered in Taipei, Taiwan, functions as an online retailer specializing in gourmet and designer goods. The company focuses on assisting emerging brands in expanding their sales and enhancing their market presence in Asia. Its services include brand localization, omni-channel sales planning, and managed cross-border logistics, which are critical for brands looking to navigate the complexities of the Asian market. Citiesocial is supported by notable investors such as the Alibaba Taiwan Entrepreneurs Fund, Cherubic Ventures, and CDIB Capital.

VMFive

Series A in 2015
VMFive Inc. is a Taiwanese company founded in 2014, specializing in cloud-based virtual mobile platforms. Headquartered in Taipei, VMFive has developed AdPlay, an innovative playable advertising solution tailored for the Asian mobile market. This technology transforms mobile apps into interactive ad units, allowing users to experience apps before downloading them. By integrating advanced technologies such as cloud computing, virtualization, and big data, VMFive aims to enhance user engagement and improve the quality of game user acquisition compared to traditional advertising methods. The company has received recognition for its contributions to the industry, winning top awards at TechCrunch Beijing in 2014 and Slush Asia Tokyo in 2015. Currently, VMFive is focusing on expanding its presence in the Asia-Pacific market and seeking collaborations to develop a new model for mobile advertising.

LIVEhouse.in

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

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.

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 founded in 2009 and launched in 2010, based in Taipei, Taiwan. It serves as an online marketplace for designers and artists to sell unique products, including clothing, shoes, fashion accessories, stationery, electronics, and home goods. The platform focuses on the Asian market, allowing designers from regions like China, Japan, and the United States to showcase their work. In addition to its website, Pinkoi offers a mobile application to enhance accessibility for users. The company aims to create a vibrant ecosystem for original design trading, connecting consumers with creative talents.
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