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Cherubic Ventures

TaipeiCHERUBIC-VENTURES
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Dossier Summary

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Classification
Slugcherubic-ventures
HQTaipei
Stage FocusThey primarily invest in seed stage with average round si…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

This is the rare VC who actually writes the first check - Matt was literally Hims & Hers' first investor when it was 'merely an idea,' investing 10 months before any other external investor joined the cap table. Founders consistently describe Matt as a 'powerful force of positive energy' who's 'endlessly optimistic' and 'joyful,' with one partner noting his optimism is genuinely contagious. The relationship depth is real - founders like Andrew Dudum call Matt 'brother' after years of partnership that goes beyond just business. As one of the world's first and largest Solo GP funds, Matt has unprecedented decision-making speed, but this also means if he doesn't personally click with you, there's no Plan B. The track record speaks for itself with 12+ unicorns, but founders should know they're getting a tennis player's competitive intensity wrapped in genuine warmth.

KEY TAKEAWAYS
  • Best for: Founders who want a true first-money investor with unicorn-level pattern recognition
  • Watch out for: Solo GP structure means everything rides on Matt's personal conviction
  • Known for: Writing first checks before consensus and maintaining decade-long founder relationships
Investment Thesis

Cherubic Ventures is a global seed-stage fund investing in pre-product/market fit companies. They partner with the most talented founders audacious enough to make the world a better place, supporting them from the very beginning of their journey to the growth stage.

Stage & Sector Focus

They primarily invest in seed stage with average round size of $4.42M. Their portfolio spans consumer (B2C), enterprise (B2B), high tech, fintech and retail, with heavy focus on tech companies (182 tech investments), consumer companies (120 B2C), and software-focused startups (99 software companies).

Notable Portfolio
Hims & HersFlexportCalmPaidyRing91APPAstranisPhotomathTezignBellabeat
Key Partners
Matt Cheng
Founder & Managing Partner

Matt founded Cherubic after being a top-ranked ITF world junior tennis player in Taiwan and co-founding two publicly-listed unicorns - Tian Ge Interactive (China's largest live social video platform) as founding team member and chief strategy officer, leading their $1.5B IPO in Hong Kong in 2014, and 91APP in Taiwan. He's one of the few Taiwanese active in Silicon Valley's mainstream angel investment community, managing $400M+ AUM and having invested in 12+ unicorns, making him one of the most influential investors in Asia.

Danielle Dudum
Partner

Danielle oversees Cherubic's US investments and operations. She spent nearly 8 years at Google building and leading international sales and operations teams, and advised startups through Blackbox Connect while serving as global program manager supporting female entrepreneurs in emerging markets.

Tina Cheng
Partner

Tina drives Cherubic's new investments and leads portfolio management globally. She's one of the earliest Cherubic members and has led deals including Calm, Hahow, and Pinkoi. Previously worked at Yahoo's Connected Life division and Cisco's global distribution team in Silicon Valley before co-founding an education startup in Asia.

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