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Angel investor,
long-term partner.

Cherubic is a venture capital fund investing in
the most ambitious founders from angel to pre-IPO.

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Our
Dreamer

@ San Francisco @ San Francisco @ San Francisco @ Taipei, Taiwan @ Wuhan

Industry Leading Telehealth Platform

Co-founders

Andrew Dudum, Hilary Coles, Jack Abraham

“Matt frankly believed in my idea and allowed this whole thing to happen, far before we have launched.”
—Andrew Dudum, CEO & co-founder of Hims & Hers.

The #1 App for Meditation and Sleep

Co-founders

Alex Tew, Michael Acton Smith

“Cherubic have been an amazing partner to us as we’ve built Calm, helpful in countless ways. Matt and his team are a joy to work with.”
— Alex Tew, Co-founder and Co-CEO of Calm

The OS of Global Trade

Co-founders

Ryan Petersen, Sanne Manders

“Matt is one of the most positive high energy people that I’ve ever met. Anyone who spends time with him will appreciate the joy that he can bring to their lives. The joy for living for investing for doing business, and for winning.”
— Ryan Petersen, CEO of Flexport

Online Marketplace for Original Design Goods

Co-founders

Peter Yen, Mike Lee, Maibelle Lin

“Every time I talk to Matt, he brings expansive global knowledge to our conversations, and stretches our understanding of the business world larger than I can imagine. He continues to encourage our team to dream bigger.”
— Peter Yen, CEO & co-founder of Pinkoi.

Community Group Buying Platform

Co-founders

Shan Huei Dai, Zhi Ping Wen

“Cherubic was the first investor in China Fresh. After all these years, they continue to support us and make valuable introductions - unlocking endless possibilities for our business.”
— Shan Huei Dai, Co-founder of China Fresh.

Cherubic x Hims & Hers

Friend First, Investor Second

“Matt frankly believed in my idea and allowed this whole thing to happen, far before we have launched.”
—Andrew Dudum, CEO & co-founder of Hims & Hers.

Hims & Hers, a telehealth company founded in 2017, went public in January of 2021, making it one of the fastest-growing startups in the healthcare industry of all time. Cherubic was literally the first investor to back Hims & Hers when it was merely an idea. When Cherubic issued the first check to Andrew, the co-founder and CEO, it was 10 months before any other external investor joined their cap table.

Andrew was introduced to Matt by a friend in 2016. At that time, Andrew was still working on his previous startup, Ever Album. After meeting, Matt decided to invest. The investment was not only the beginning of their partnership, but also friendship. Over the past 5 years, they have had endless discussions over business ideas and life dreams. Today when they speak, they call each other “brother.” In late 2017, Andrew told Matt about his new startup idea, a D2C telehealth platform. Matt decided to back Andrew immediately, not only because the idea was brilliant, but because Andrew had proven himself an extraordinary founder before. With complete trust and overwhelming enthusiasm, Matt wrote the very first check for Hims, 10 months before all other first-tier investors joined. Because of the power of believing, Andrew built his dream and led Hims & Hers to become the iconic company it is today.

Cherubic x Calm

The Power of Founder Market Fit

“Cherubic have been an amazing partner to us as we’ve built Calm, helpful in countless ways. Matt and his team are a joy to work with.”
— Alex Tew, Co-founder and Co-CEO of Calm

“If I had to pick someone to build the world’s best meditation platform, there’s no better person than Alex; I saw the passion in his eyes when he talked about the power of meditation and the importance of mental health.” Matt’s initial instinct after he first met with Alex in 2014.

The world is increasingly chaotic and stressful, and our minds, like the other muscles in our body, need a fitness regime to stay healthy. Alex and Michael believe the power of meditation can help people around the world sleep more, stress less and live better. Their goal is simple: to make meditation easy and accessible to anyone.

Alex met Matt in 2014. Although Matt didn’t meditate actively himself, Alex made an immediate and powerful impression. Matt observed a “spark” in Alex when he passionately described why he believed Calm would change the world.

With over 100 million downloads and 4 million paying subscribers, Calm is now the world’s top wellness app as well as the first unicorn in the wellness space. Its valuation hit $2B in 2020. Most importantly, Calm has supported millions of users around the world, normalizing mental health and bringing inner peace to their daily lives.

Cherubic x Flexport

Founders’ Go-To Person

“Matt is one of the most positive high energy people that I’ve ever met. Anyone who spends time with him will appreciate the joy that he can bring to their lives. The joy for living for investing for doing business, and for winning.”
— Ryan Petersen, CEO of Flexport

“Matt, we just received a $1B investment inquiry from Softbank’s Vision Fund. What should we do?” Years after his initial investment, Matt is still the go-to person when Ryan needs a hand.

Flexport is one of the first freight-forwarding companies to digitize international shipping, and tackle the trillion dollar freight industry. In an increasingly borderless and international world, Flexport has built the operating system for global trade.

When Matt met Flexport in 2014, the freight-forwarding industry was still run by traditional players, and the market wasn’t quite ready for new entrants. Nevertheless, Matt saw the potential in Flexport and Cherubic is proudly one their biggest and earliest investors. To Ryan, Matt is not only an investor, but a trustworthy confidant and close mentor. Matt is still Ryan’s first call when he needs a hand.

In 2019, Flexport completed its series D round of financing led by Softbank’s Vision Fund, increasing its valuation to $3.2 billion.

Cherubic x Pinkoi

Moving Forward Fearlessly

“Every time I talk to Matt, he brings expansive global knowledge to our conversations, and stretches our understanding of the business world larger than I can imagine. He continues to encourage our team to dream bigger.”
— Peter Yen, CEO & co-founder of Pinkoi.

“Designers and artists are a growing yet underserved community - the market is definitely there. More importantly, I felt the passion in Peter when he talked about building Pinkoi, and saw he had the courage to take risks.” Matt explained the reason why he invested in Pinkoi in 2011.

Pinkoi is Asia’s leading online marketplace connecting artists with consumers to sell and purchase original products from around the world.

While many perceived Pinkoi’s target market as niche, Matt felt otherwise and became their first angel investor. Likewise, Pinkoi was Matt’s first investment in Taiwan! Today, Pinkoi has grown into an international platform with more than 1.6 million products sold across 92 countries worldwide. Their investors include Sequoia and Hakuhodo, enabling their global footprint. An idea once seemingly small, is a growing empire today, made possible by Peter’s courage and fearless execution .

Cherubic x China Fresh

A Global Network of Possibilities

“Cherubic was the first investor in China Fresh. After all these years, they continue to support us and make valuable introductions - unlocking endless possibilities for our business.”
— Shan Huei Dai, Co-founder of China Fresh.

Cherubic provides not only emotional and strategic support to their portfolios, but a global network of founders, investors and industry experts, serving as a platform for founders to connect and unlock endless opportunities.

Founded in 2017, China Fresh is one of the leading players in China’s community group buying market, offering its customers access to fresh goods and household products at competitive prices.

Matt met Shan Huei Dai, the co-founder of China Fresh, in 2010 when Dai was still working on his previous startup. Although Matt didn’t invest in him at the time, they kept in close contact over the years. When Dai decided to build China Fresh, Cherubic was among the first investors he called.

After their seed round led by Cherubic, China Fresh successfully closed their series A led by K2VC 3 short months later, and closed a series B led TPG-Softbank 6 months after that! Both K2VC and TPG were introduced to China Fresh through Cherubic’s global network of founders, investors and industry experts.

Today, China Fresh is one of the leading players in the community group buying market and are thriving in one of the most competitive consumer markets in China.