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The ones who are crazy enough to think they can change the world, are the ones who do.

About

Founded in 2014, Cherubic Ventures is the only early-stage venture capital firm that’s active in both the US and Greater China, with a total AUM of 300 million USD. Focusing on seed stage investments, Cherubic aims to be the first institutional investor of the next iconic company and back founders who dare to dream big and change the world.

Our team sits across San Francisco, Shanghai, and Taipei. Some of our notable portfolio companies include Hims & Hers, Calm, Flexport, LiuliShuo, China Fresh, Pinkoi and 91APP. To date, Cherubic has a global network of more than 100 portfolio companies, as well as 500+ founders, advisors and institutional investors, allowing us to provide top-tier support for founders on their startup journey.

Our
Founder

Founding Partner

Matt Cheng

#Investor #Founder #Athlete

Matt is the founder and managing partner of Cherubic Ventures. He has 15+ years of entrepreneurial and venture investment experience in Silicon Valley and Greater China, and was named a “Top 40 under 40” early-stage investor in China by Cyzone in 2013, 2014, 2015 and 2016.

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Core
Team

  • Managing Partner|
    Global Investments and Partnerships

    Tina Cheng

    Tina is a Managing Partner at Cherubic Ventures and leads Cherubic’s global investments and portfolio management. Prior to joining Cherubic, Tina worked in advertising and consulting, managing FMCG accounts such as Coca-Cola and advising large technology companies such as Cisco. Tina also co-founded an education startup that aimed to provide better access to higher education for students in Asia. Tina holds her MBA from UCLA’s Anderson School of Management. She received her bachelors in Advertising from National ChengChi University in Taiwan.
  • Managing Partner|
    China Investments and Partnerships

    Snow Hua

    Snow Hua is a Managing Partner at Cherubic Ventures and leads Cherubic’s China investments and partnerships. She’s responsible for overall fund operations and team management. Her noteworthy investments include Uoolu, XianLife, and MicroDreams. Prior to Cherubic, Snow worked in various marketing positions at Sina (NASDAQ:SINA). Snow holds a Journalism degree from China Youth University of Political Science in Beijing.
  • Partner|
    US Investments and Operations

    Danielle Dudum

    Danielle is a Partner at Cherubic Ventures and oversees Cherubic’s US investments and operations. Prior to joining Cherubic, Danielle spent nearly 8 years at Google building and leading international sales and operations teams. While at Google, Danielle advised startups through Blackbox Connect and was the global program manager supporting female entrepreneurs in emerging markets. She is a San Francisco native and holds her MBA from UC Berkeley’s Haas School of Business.
  • Partner|
    Finance and Investor Relations

    Mabel Hsu

    Mabel is a Partner at Cherubic Ventures and leads our investor relations and general finance team. Mabel has more than 15 years investment banking experience from Morgan Stanley, Credit Suisse and Mizuho Securities. She also worked in investor relations at Alibaba Group. She holds a Bachelor of Science in Economics from the University of Pennsylvania.

Key
Stats

  • 6

    Unicorns

  • 20

    Successful Exits

  • 25

    Portfolios Valued at $100M+

  • 198

    Portfolios

  • 390Million

    Total Raised by Portfolios
    in 2020

  • 22.4Billion

    Total Valuation of Portfolios
    as of 2020

Awards

  • CB Insights

    2016 Most Active Chinese Funds in the US

  • ChinaBang Awards

    2017 VC of the Year

    2017 The Best Post-Investment Management

  • China Venture

    2017 Top 20 Early-Stage Venture Capital Firms

    2017 Top 20 Early-Stage Cross-Border Investors

    2017 Top 30 Best Returns on Early-Stage Investments

  • 36Kr

    2017 Top 20 Most Beloved Angel Investment Firms by Entrepreneurs

    2020 Top 50 Most Beloved Angel Investment Firms by Entrepreneurs

  • Qimingpian

    2019 Top 50 Best Angel Investment Firms in China

    2020 Q2 Top 30 Most Active Institutional Angel Investors

Timeline

  1. 2021

    Hims & Hers IPO

  2. 2020

    • 6

      Unicorns

    • 25

      Valued at
      $100M+

    • $394M

      Total
      Follow-on
      Investments

    • 20

      Successful
      Exits

  3. 2019

    • 5

      Unicorns

    • 23

      Valued at
      $100M+

    • $2B

      Total
      Follow-on
      Investments

    • 20

      Successful
      Exits

  4. 2018

    FUND IV
    Cherubic US Team Established
    Liulishuo IPO / MOGU IPO

    • 2

      Unicorns

    • 2

      IPOs
      in NYSE

    • $800M

      Total
      Follow-on
      Investments

    • 6

      Successful
      Exits

  5. 2017

    • 150

      Portfolios

    • 16

      Valued at
      $100M+

    • $1.1B

      Total
      Follow-on
      Investments

    • 5

      Successful
      Exits

  6. 2016

    FUND III

    • 117

      Portfolios

    • 14

      Valued at
      $100M+

    • $885M

      Total
      Follow-on
      Investments

    • 3

      NEEQ
      Listed
      in China

    • 6

      Successful
      Exits

  7. 2015

    • 88

      Portfolios

    • $764M

      Total
      Follow-on
      Investments

    • 1

      NEEQ
      Listed
      in China

    • 6

      Successful
      Exits

  8. 2014

    FUND II
    Cherubic was established in 2014 with offices in Taipei and Beijing.

Founding Partner

Matt Cheng

#Investor #Founder #Athlete

The only thing I did when no one believed in me, was to believe in myself. The power of believing was so strong that it was able to turn impossible into possible.

Matt is the founder and managing partner of Cherubic Ventures. He has 15+ years of entrepreneurial and venture investment experience in Silicon Valley and Greater China, and was named a “Top 40 under 40” early-stage investor in China by Cyzone in 2013, 2014, 2015 and 2016.

Born in Taipei, Matt grew up in the US and launched his career in Greater China. Before starting his career in venture capital, Matt was the top-ranked ITF world junior tennis player in Taiwan! Matt loves tennis, and is a talented athlete. While the thought of a professional tennis career was tempting, Matt instead decided to pursue his entrepreneurial passions. He studied Information Management at the National Taiwan University and soon after graduating, joined Tian Ge Interactive, China’s largest live social video platform, as a founding team member and chief strategy officer. Matt successfully led their 1.5B IPO in Hong Kong in 2014. Matt also co-founded Fotoable Inc, a photo editing and collage mobile app, that’s now been downloaded in over 40 countries worldwide!

In 2014, Matt felt compelled to enable others and their entrepreneurial passions. He had experienced both the pain and gratification of dreaming and building, and founded Cherubic Ventures to support founders and their desire to change the world. His unique and global lens on business model innovation and consumer behavior led him to be among the first investors in Hims & Hers, Calm, Flexport and Wish. Many first-tier venture firms have followed on including Founders Fund, Google Ventures and Sequoia, leading Cherubic to become one of the pioneering institutional angel investors worldwide.