TAIPEI, Taiwan — October 8, 2025 — Cherubic Ventures, a global early-stage venture capital firm, today announced the celebration of its 10th anniversary with a global summit held in Taipei. The event brought together more than 100 institutional investors, family offices, and founders from around the world.
Founded in 2015, Cherubic Ventures has raised five funds over the past decade. The firm now manages US$462 million in assets under management (AUM). To date, Cherubic has supported five initial public offerings (IPOs) and completed fifteen mergers and acquisitions (M&A). Its global portfolio is collectively valued at more than US$52 billion.
Based in Taipei and active in Silicon Valley, Cherubic Ventures is one of the earliest venture firms to adopt the Solo GP (single general partner) model. Over the past ten years, the firm has grown into one of the largest and most active Solo GP funds globally.
During the decade, Cherubic Ventures invested in multiple companies valued at over US$1 billion and US$10 billion. These include Hims & Hers, a U.S. telehealth company now listed on the New York Stock Exchange; Flexport, a global logistics technology company backed by SoftBank Vision Fund and Shopify; Astranis, a U.S. satellite company and Taiwan’s first dedicated satellite strategic partner with investment from Chunghwa Telecom; and Paidy, which was acquired by PayPal for US$2.7 billion.
The portfolio also includes 91APP, Taiwan’s first SaaS company to go public with a valuation exceeding US$1 billion. In many cases, Cherubic Ventures was the first institutional investor to support these founders before a product was launched.
“Even today, it is hard to believe that a crazy idea born in Taipei ten years ago could come this far,” said Matt Cheng, Founding Managing Partner of Cherubic Ventures. “We were fortunate to work alongside world-class founders and investors. We believed early, before markets were proven. That belief has helped many founders turn ideas into real companies.”
The summit featured speakers from across the Cherubic ecosystem. Participants included representatives from Photomath, the AI-powered math app acquired by Google; MagicLabs, backed by PayPal Ventures; Andrew Dudum, founder of Hims & Hers; Ryan Petersen, founder of Flexport; and Rick Fox, a three-time NBA champion now working in climate technology.
Looking ahead, Cherubic Ventures continues to invest in technologies driving major industry change. In 2024, the firm launched its sixth fund (Fund VI). Since then, it has invested in several AI-driven companies. These include Hillbot AI, which builds robots designed to handle multiple tasks; Titan Dynamics, which uses 3D printing to produce next-generation drones; and Max AI, an AI platform that automates medical billing.
Together, Cherubic Ventures’ portfolio companies have raised more than US$2 billion in follow-on funding from global investors. This reflects the firm’s long-term focus on AI and frontier technologies, as well as its early-stage investment approach.
Fund VI will also place greater focus on human-centered technologies. “AI is not only about automation,” Cheng added. “Its real value is helping people create more and imagine more. We want to work with founders who are building for that future.”
Over the past decade, Cherubic Ventures has supported founders from the earliest stages. In the years ahead, the firm will continue to invest with conviction and back the next generation of global companies.
