Cherubic Ventures

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Mar 1, 2025	Scrunch AI	$4.0M Seed	—	Decibel Partners, Founder Collective, Heartcore Capital, Pioneer Fund, Clara Shih, Elliott Cohen, Steph Korey, TJ Parker
Jan 1, 2025	Lady Technologies Inc	$7.0M Series A	—	SOSV
Dec 1, 2024	Bluenote Health	$10.0M Venture Round	—	468 Capital, 7wire Ventures, Andreessen Horowitz, Artichoke Capital, Catalio Capital, Dragonfly Capital Partners, Electric Capital, Lux Capital, Paradigm, Placeholder, Refactor Capital, Robot Ventures, Rocketship.vc, Sequoia Capital, Sherpalo Ventures, The Hit Forge, XFactor Ventures, Ameet Patel, Amjad Masad, Andy Coravos, Anne Wojcicki, Balaji Srinivasan, Baris Gultekin, Biz Stone, Dylan Field, Gokul Rajaram, Josh Elman, Kunal Shah, Varsha Rao
Aug 1, 2024	Bandana	$9.0M Seed	—	Ardent Venture Partners, Blossom Capital, Expa, General Catalyst, Gradient Ventures, LGF, Jared Hecht, Presight Capital, QED Investors, Sound Ventures, SV Angel, Aaron Levie, Adrian Aoun, Dylan Field, Eddie Hartman, Eric Wu, Gokul Rajaram, Jenna Hannon, Kevin Lin, Saturnin Pugnet, Scott Belsky, Steve Chen, Vivek Patel
Aug 1, 2024	TMRW	$1.0M Seed	—	iNovia Capital
Jun 1, 2024	Formation Bio	$370.0M Series D	—	7wire Ventures, Andreessen Horowitz, Bessemer Venture Partners, Blisce, Contrary Capital, Glade Brook Capital Partners, Goodwater Capital, Left Lane Capital, LGF, Lux Capital, Sequoia Capital, Target Global, Thrive Capital, Tiger Global Management, Venture Highway, XFactor Ventures, Y Combinator, Deniz Aslandogan, Gerald Parloiu, Manik Gupta, Oliver Jung
Mar 1, 2024	Apollo ID	$3.0M Seed	—	Bling Capital, Infinite Capital, Jay, Khosla Ventures, Paradigm, Polygon, Sky9 Capital, Bradley Horowitz, Dharmesh Shah, Paul Stahura, Steve Chen
Jan 1, 2024	Inference.ai	$4.0M Seed	—	ABB Technology Ventures, Asylum Ventures, Blackhorn Ventures, Construct Capital, Highline Beta Inc., High Line Venture Partners, iNovia Capital, Root Ventures, Third Sphere, Ron Pragides, Ryan Melohn
Sep 1, 2023	Bandana	$4.0M Seed	—	Alt Capital, Ardent Venture Partners, Blossom Capital, Craft Ventures, Engineering Capital, Expa, General Catalyst, Gradient Ventures, Graduate Entrepreneur, Lainy, LGF, Jared Hecht, NextView Ventures, Presight Capital, QED Investors, Sarah Smith Fund, SeedInvest, Sound Ventures, SV Angel, Y Combinator, Aaron Levie, Adrian Aoun, Chad Nitschke, Dylan Field, Eddie Hartman, Eric Wu, Gokul Rajaram, Gordon Wintrob, Jenna Hannon, Kevin Lin, Saturnin Pugnet, Scott Belsky, Steve Chen, Vivek Patel
Aug 1, 2023	Daybreak Health	$13.0M Series B	—	125 Ventures, 14W, Adjacent, Audrey Capital, BBG Ventures, B Capital Group, Beckley Waves, Bond, BoxGroup, Ali Tamaseb, Dragoneer Investment Group, Elefund, Fifty Years, Future Perfect Ventures, General Catalyst, GenNx360, GE Ventures, Giant Ventures, Great Oaks Venture Capital, Hoxton Ventures, LAUNCH, Lightspeed Venture Partners, Lionheart Ventures, Listen, LombardStreet Ventures, Lux Capital, Maven Ventures, Mystic Ventures, Oak HC/FT, PsyMed Ventures, Resolute Ventures, Sequoia Capital, Sound Ventures, Supply Change Capital, Target Global, Teamworthy Ventures, Uncork Capital, Union Square Ventures, Uprising, Anne Wojcicki, Darius Contractor, Darran Garnham, Edvard Engesæth, Jeremy Yap, Joe Greenstein, Julie McDermott, Kirill Makharinsky, Liron Petrushka, Marc Benioff, Michael Birch, Oleg Tscheltzoff, Pete Moore, Raj Luhar, Saki Georgiadis, Yoni Assia
Aug 1, 2023	Teamshares	$120.0M Series D	—	Amasia, AngelList, Ardent Venture Partners, BEENEXT, Blossom Capital, Expa, General Catalyst, Gradient Ventures, Insight Partners, Jared Hecht, MUFG Innovation Partners, QED Investors, Sound Ventures, SV Angel, Tiger Global Management, Union Square Ventures, Aaron Levie, Adrian Aoun, Dylan Field, Eddie Hartman, Eric Wu, Gokul Rajaram, Jenna Hannon, Kevin Lin, Kunal Shah, Saturnin Pugnet, Scott Belsky, Steve Chen, Vivek Patel
Jul 1, 2023	Resend	$3.0M Seed	—	10100, Acrew Capital, Ardent Venture Partners, Bain Capital Crypto, Blossom Capital, Cavalry Ventures, Expa, Exponent Founders Capital, Felicis Ventures, General Catalyst, Gradient Ventures, HV Capital, LGF, Jared Hecht, Mouro Capital, MS&AD Ventures, Picus Capital, QED Investors, Race Capital, Sound Ventures, StillMark, Summit Partners, SV Angel, Vouch Insurance, Aaron Levie, Adrian Aoun, Charlie Songhurst, Dylan Field, Eddie Hartman, Eric Wu, Felix Jahn, Gokul Rajaram, Hunter Horsley, Immad Akhund, Jenna Hannon, Jonathan Swanson, Karim Atiyeh, Kevin Lin, Max Mullen, Mike Krieger, Oliver Cameron, Parker Conrad, Sam Altman, Sam Blond, Saturnin Pugnet, Scott Belsky, Sean Harper, Steve Chen, Vivek Patel, Wences Casares, Guillermo Rauch
May 1, 2023	Instruqt	$17.0M Series A	—	Ardent Venture Partners, Blossom Capital, Expa, General Catalyst, Gradient Ventures, Jared Hecht, QED Investors, Sound Ventures, SV Angel, Aaron Levie, Adrian Aoun, Dylan Field, Eddie Hartman, Eric Wu, Gokul Rajaram, Jenna Hannon, Kevin Lin, Saturnin Pugnet, Scott Belsky, Steve Chen, Vivek Patel
Mar 1, 2023	Staging Labs	$1.0M Seed	—	Alumni Ventures, Defy Partners, Greylock, NGC Ventures, The General Partnership, XYZ Venture Capital, Dylan Field, Mike Vernal
Feb 1, 2023	Quell	$10.0M Series A	—	Ascend Vietnam Ventures, BILL, Founder Collective, Founders' Co-op, Heartcore Capital, Matrix, The Hit Forge, Yamaha Motor Ventures, Alex Payne, Austin Walters, Derrick Li, Dharmesh Shah, Elliott Cohen, Roxanne Varza, Ryan Chan, Steph Korey, Thibaud Elziere, TJ Parker
Oct 1, 2022	Audiotool	$3.0M Seed	—	Digital Currency Group, North Island Ventures, Race Capital
Sep 1, 2022	Nodal	$5.0M Seed	—	7wire Ventures, Amplo, First Round Capital, Floodgate, M.G. Siegler, Klossy, KRM Interests LLC, Lux Capital, Next Play Ventures, Night Capital, Pareto Holdings, Point72 Ventures, Sequoia Capital, Spark Capital, SV Angel, XFactor Ventures, Charlie Cheever, Jeremy Stoppelman, MG Siegler, Mike Krieger, Scott Belsky, Spencer Kimball
Jul 1, 2022	Bitmark	$6.0M Series B	—	Alchemy Ventures, Andreessen Horowitz, BITKRAFT Ventures, Blockchain.com Ventures, Digital Currency Group, Foundation Capital, Hack VC, North Island Ventures, Not Boring Capital, Prototype Capital, Race Capital, Sony Innovation Fund, Alex Pack, Bob Meese, Chung-Man Tam, Emmett Shear, Kevin Lin, Steve Chen
Jul 1, 2022	Summer Health	$8.0M Seed	—	7wire Ventures, 8VC, Alumni Ventures, General Catalyst, GSV Acceleration, Frederique Dame, Ingeborg Investments, Khosla Ventures, Lightspeed Venture Partners, Lux Capital, Maven Ventures, Maverick Capital, Maveron, McCarthy Capital, NEO, OMERS Ventures, Red Swan Ventures, Revolution, Sequoia Capital, SuperAngel.Fund, The Food Loft, Tiffany, Town Hall Ventures, Union Square Ventures, XFactor Ventures, Alison Pincus, Brian Sugar, Elliott Cohen, Henry Davis, Jason Starr, Jeffrey Wilke, Jon Stein, Lev Ekster, Nik Sharma
Apr 1, 2022	LOVO	$7.0M Seed	—	Animoca Brands, AppWorks, Dragonfly Capital Partners, Ethereal Ventures, Hashed
Apr 1, 2022	Zeera	$37.0M Series B	—	Abstract Ventures, Alumni Ventures, Andreessen Horowitz, Axiom Partners, Electric Capital, Fifth Wall, Flex Capital, Forerunner Ventures, Founders Fund, General Catalyst, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Modern Venture Partners, Moving Capital, Owl Ventures, Rainfall Ventures, RSE Ventures, Sound Ventures, South Park Commons, Stellar Capital, Vibe Capital, WorkLife Ventures, Zinc, Adam D'Angelo, Bradley Horowitz, Charlie Cheever, Emil Michael, Jeffrey Wilke, Kevin Stumpf, Matt Mazzeo, Ryan Rzepecki
Apr 1, 2022	Flowty	$5.0M Seed	—	7percent Ventures, Alumni Ventures, Andreessen Horowitz, Hoxton Ventures, Not Boring Capital, Pi Labs, Prototype Capital, Two Sigma Ventures, Brian Sugar, Chung-Man Tam, Esteban Ordano, Gokul Rajaram, Kevin Lin, Matthew Hackett, Omid Ashtari, Paul Forster, Pierre Lavaux, Steve Chen, Trevor McFedries
Mar 1, 2022	GGWP	$12.0M Seed	—	Andreessen Horowitz, Animoca Brands, BITKRAFT Ventures, Infinity Ventures Crypto, Lightspeed Venture Partners, Mechanism Capital, Moonfire Ventures, Next 10 Ventures, Night Ventures, Not Boring Capital, Play Ventures, Prototype Capital, Seed Club Ventures, Sony Innovation Fund, Ryan Zurrer, Aleksander Leonard Larsen, Bob Meese, Chung-Man Tam, Hubert Thieblot, Joshua Reeves, Kevin Lin, Sandeep Sood, Sebastien Borget, Thomas Vu
Feb 1, 2022	Aside	$17.0M Series A	—	1776, 305 Ventures, Accel, ACME Capital, AIX Ventures, Altair Capital Management, AME Cloud Ventures, American Express Ventures, Andreessen Horowitz, Animoca Brands, Ardent Venture Partners, Arrive, Astanor Ventures, Atlantic Bridge University Fund, Bain Capital Ventures, Balderton Capital, Bennu, Better Capital, Better Tomorrow Ventures, BITKRAFT Ventures, Bling Capital, Blossom Capital, Bond, Browder Capital, C2 Investment, Canvas Ventures, Casa Verde Capital, Coatue, Cometa, Construct Capital, CRV, Curie.Bio, Draper Associates, DTX Ventures, Emergence Capital, Endeavor Catalyst, Jenny Fielding, Scott Hartley, Expa, Exponent Founders Capital, Fifth Wall, FJ Labs, Flex Capital, Forerunner Ventures, Founder Collective, Founders Fund, Four Rivers Group, Franklin Templeton Investments, Fyrefly VC, GAIN, Gaingels, General Atlantic, General Catalyst, Giant Ventures, Gigascale Capital, Gradient Ventures, Great Oaks Venture Capital, Greylock, Hardware Club, Heavybit, Horizon 3 Venture Studio, Human Augmentation Syndicate, Insight Partners, Interplay Ventures, Khosla Ventures, La Famiglia, LGF, Locus Ventures, Lux Capital, Jared Hecht, Market One Capital, Mischief Venture Capital, Moonshots Capital, Glenn Solomon, Oren Yunger, On Deck, One Planet Group, Operator Partners, Operator Ventures, Otherwise Fund, Pear VC, Precursor Ventures, QED Investors, QueensBridge Venture Partners, Quiet Capital, Ravelin Capital, Redpoint Ventures, Ribbit Capital, Richmond Global Ventures, Sarona Ventures, SciFi VC, Sequoia Capital, Sherpa Ventures, Silicon Valley Connect, Silicon Ventures, SoftBank Investment Advisers, Sound Ventures, Storm Ventures, Streamlined Ventures, Summit Partners, SV Angel, TenOneTen Ventures, Tet Ventures, ThirdLove, Thirty Five Ventures, TMV, Todd and Rahul's Angel Fund, Tuesday Capital, Uncorrelated Ventures, UpHonest Capital, Walden International, Webb Investment Network, Y Combinator, Aaron Levie, Adam Gross, Adrian Aoun, Akshay Kothari, Amit Agarwal, Amy Chang, Armando Mann, Assaf Wand, Augusto Marietti, Baron Davis, Biz Stone, Christian Oestlien, Chris Wang, Cristina Cordova, Curtis Lee, David Petersen, David Peterson, Diogo Teles, Dylan Field, Eddie Hartman, Elliot Shmukler, Emmett Shear, Eoghan McCabe, Eric Wei, Eric Wu, Evan Brown, George Hu, Gerald Parloiu, Gina Bianchini, Girish Mathrubootham, Gokul Rajaram, Greg Tseng, Harris Barton, Hunter Horsley, Immad Akhund, James Park, Jason Robins, Jenna Hannon, Jeremy Cai, Jesse Leimgruber, Joshua Reeves, Karim Atiyeh, Kathleen Hale, Kevin Lin, Kevin Weil, Kunal Shah, Luke Sherwin, Mark Cuban, Mark Pincus, Matias Woloski, Neil Parikh, Nick Hunley, Pamela Valdes, Samvit Ramadurgam, Saturnin Pugnet, Scott Belsky, Scott Kleper, Sebastian Gil, Sebastien Borget, Shervin Pishevar, Sohail Prasad, Steve Chen, Tony Xu, Venus Williams, Vivek Patel
Feb 1, 2022	Daybreak Health	$10.0M Series A	—	Adjacent, Audrey Capital, Rexhep Dollaku, B Capital Group, Crosslink Capital, Ali Tamaseb, Elefund, Firework Ventures, Giant Ventures, GSV Acceleration, LAUNCH, Lightspeed Venture Partners, Lionheart Ventures, Listen, LombardStreet Ventures, Maven Ventures, Resolute Ventures, Sinai Ventures, Sound Ventures, Two Sigma Ventures, Uncork Capital, Uprising, Vine Ventures LP, Anne Wojcicki, Darius Contractor, Darran Garnham, Joe Greenstein, Kirill Makharinsky, Marc Benioff, Michael Birch, Oleg Tscheltzoff, Pete Moore, Raj Luhar, Saki Georgiadis

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Cherubic Ventures.

Angela Chieh-Ling Liu

Senior Associate

Danielle Dudum

Partner

Leadership Team

Key people at Cherubic Ventures.

Angela Chieh-Ling Liu

Senior Associate

Danielle Dudum

Partner

Deep Dive

Cherubic Ventures is a global early-stage venture capital firm founded in 2014, focused on investing in ambitious founders from the angel stage through pre-IPO. The firm emphasizes a founder-first approach, partnering closely with entrepreneurs to help them scale globally, leveraging its deep market insights and cross-regional presence in San Francisco, Tokyo, Taipei, and Shanghai. Cherubic invests primarily in sectors such as EdTech, Creator Economy, Enterprise SaaS, Software, and Big Data & Analytics, supporting companies from seed to Series B stages. Notable portfolio companies include Hims & Hers, Calm, Flexport, Paidy, 91APP, and Tezign, reflecting its impact on the startup ecosystem by backing innovative, high-growth ventures worldwide[1][2][3].

Cherubic Ventures was founded by Matt Wang, a seasoned entrepreneur and investor with over 15 years of experience in Silicon Valley and Greater China. Matt’s background includes founding roles and strategic leadership in tech companies, such as Tian Ge Interactive and Fotoable Inc. His vision to support founders emerged from his own entrepreneurial journey, leading to Cherubic’s focus on pre-product/market fit startups. The firm has evolved to become a pioneering institutional angel investor, often investing ahead of larger venture firms, and has built a global network of over 200 portfolio companies and 500+ founders and advisors[2][3].

Core Differentiators

Unique Investment Model: Focuses on pre-product/market fit companies, often investing earlier than traditional VCs, acting as a long-term partner from angel to pre-IPO stages.
Global Network Strength: Offices and operations across Silicon Valley and Greater China enable bridging markets and scaling internationally.
Track Record: Early investments in now high-profile companies like Hims & Hers, Calm, and Flexport demonstrate strong deal sourcing and value creation.
Operating Support: Provides founders with strategic mentorship, market insights, and access to a broad network of advisors and institutional investors.

Role in the Broader Tech Landscape

Cherubic Ventures rides the wave of globalization in tech startups, especially those innovating in consumer platforms and enterprise software. Its timing is critical, as it invests at the earliest stages when companies are still shaping product-market fit, enabling them to navigate complex markets in Asia and the West. Market forces such as digital transformation, telehealth, fintech innovation, and creator economy growth align with Cherubic’s sector focus. By bridging Silicon Valley and Greater China ecosystems, Cherubic influences the broader startup landscape by facilitating cross-border expansion and knowledge exchange[1][2][3].

Quick Take & Future Outlook

Looking ahead, Cherubic Ventures is poised to deepen its influence by continuing to back audacious founders who aim to solve global problems through technology. Trends like AI, decentralized finance, and health tech will likely shape their investment focus. As the startup ecosystem becomes more interconnected, Cherubic’s global perspective and founder-centric model position it to remain a key player in early-stage venture capital, helping startups scale across diverse markets and stages.

This trajectory ties back to Cherubic’s founding mission: empowering visionary entrepreneurs from the earliest moments to build transformative companies that impact the world.

Sources

Core Differentiators

Unique Investment Model: Focuses on pre-product/market fit companies, often investing earlier than traditional VCs, acting as a long-term partner from angel to pre-IPO stages.
Global Network Strength: Offices and operations across Silicon Valley and Greater China enable bridging markets and scaling internationally.
Track Record: Early investments in now high-profile companies like Hims & Hers, Calm, and Flexport demonstrate strong deal sourcing and value creation.
Operating Support: Provides founders with strategic mentorship, market insights, and access to a broad network of advisors and institutional investors.

Role in the Broader Tech Landscape

Quick Take & Future Outlook

This trajectory ties back to Cherubic’s founding mission: empowering visionary entrepreneurs from the earliest moments to build transformative companies that impact the world.