Starting from one angel investor, now Cherubic Ventures has funded more than 150 startups in China and America. Matt Cheng founded the firm in 2013. Previously, he was the earliest investor in Tian Ge Interactive Holdings (1980), the largest video sharing social media platform in China.
From one angel investor, Cherubic Ventures now holds hundreds of portfolios
The firm has a mission to help most talented founders grow their business into a truly global vision. It now holds more than 150 portfolio companies, 200 founders and 300 founder advisors. All of it is possible due to its’ over $5 billion follow-on financing.
Headquartered in San Francisco and Beijing, the firm focuses on seed investing American and Chinese companies. Among the portfolios it holds, 20 of the companies have gone IPA. Including one of its’ biggest portfolio company, Liulishuo, an AI based English learning platform.
After China and America, now it’s Southeast Asia
With its’ fourth fund of $88.88 million, the firm has signaled a huge amount of investment in the region. The fourth fund will start on Southeast Asian main markets such as Singapore, Indonesia, and Malaysia. Before then possibly explore other markets like Thailand and Vietnam.
However Singapore has grown bigger than the other markets that it can no longer be counted as emerging. But the firm still deems it important as a hub where the neighbor countries pitch their investors in. As typically investors are not from their countries.
Tina Cheng, the managing partner of the firm also stated the possibilities to invest on other Southeast Asian countries. Myanmar, Cambodia and even Pakistan in the South Asia are also on the list of its’ future investment.
However, the firm needs to do further study on the countries as it’s still unfamiliar. Moreover, Southeast Asian market is a different market altogether. It’s complexity makes it to go in all at once in the region.
