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Cherubic Ventures

Founders Matt Cheng

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 169
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 131
Rounds per year 16.90
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.22
Exits 9
Key employees 5
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Artificial Intelligence
  • E-Commerce
  • Information Technology
  • Machine Learning
Summary

Cherubic Ventures appeared to be the VC, which was created in 2013. The venture was found in Asia in China. The main office of represented VC is situated in the Beijing.

Considering the real fund results, this VC is 6 percentage points less often commits exit comparing to other organizations. When the investment is from Cherubic Ventures the average startup value is more than 1 billion dollars. The top amount of exits for fund were in 2018. Deals in the range of 10 - 50 millions dollars are the general things for fund. This Cherubic Ventures works on 23 percentage points less the average amount of lead investments comparing to the other organizations. The fund is constantly included in 7-12 deals per year. The top activity for fund was in 2016. Despite it in 2019 the fund had an activity.

The fund was created by Matt Cheng. Besides them, we counted 5 critical employees of this fund in our database.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Cherubic Ventures, startups are often financed by GGV Capital, Atomic - Overview, Social Starts. The meaningful sponsors for the fund in investment in the same round are Y Combinator, GGV Capital, Founders Fund. In the next rounds fund is usually obtained by Founders Fund, Y Combinator, Felicis Ventures.

The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Flexport, ContextLogic (dba. Wish), Ring. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. We can highlight the next thriving fund investment areas, such as Mobile, Social Media.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

iKala

Analytics
Artificial Intelligence
Cloud Computing
Digital Marketing
Machine Learning
Social Media Marketing
Social Shopping
Software
$23M26 Mar 2024 New Taipei, Taiwan

Anzen

$4M12 Feb 2024 -

Inference.ai

GPU
Information Technology
Software
30 Jan 2024 Palo Alto, California, United States

Atinary

Artificial Intelligence
Machine Learning
Software
$5M26 Sep 2023 Lausanne, Vaud, Switzerland

Rybit

Fleet Management
Food Delivery
Last Mile Transportation
Sharing Economy
$10M06 Jul 2023 San Francisco, California, United States

Partanna

Building Material
Green Building
Sustainability
$12M03 May 2023 Nassau, New Providence, Bahamas

MetaCRM

Blockchain
CRM
$2M25 Apr 2023 -

SJ Mobile Labs

Debit Cards
Financial Services
FinTech
Insurance
InsurTech
Life Insurance
Mobile Payments
$4M07 Feb 2023 Singapore, Central Region, Singapore

Presso

Hospitality
$8M19 Jan 2023 Atlanta, Georgia, United States
News
Aspen Digital Raises $8.8M in Pre-A Funding

– Aspen Digital is a Hong Kong-based digital asset investment platform tailored for asset managers, institutions and other professional investors.
– The company secured $8.8m in pre-A funding.
– The round was led by anchor investors RIT Capital Partners, the investment trust founded by Lord (Jacob) Rothschild of the Rothschild banking family, and Liberty City Ventures.
– Other investors include Cherubic Ventures, Token Bay Capital, Somerley Capital, and Chatchaval Jiaravanon & Chaval Jiaravanon.

Molecule.one grows its drug synthesis AI platform with a $4.6M seed round

– Polish computational chemistry outfit Molecule.one has raised $4.6m to expand its quest to bring theoretical drug molecules to reality.
– The funding round was led by Atmos Ventures, with a long list of participating investors: AME Cloud Ventures, Cherubic Ventures, Firlej Kastory, Inventures, Luminous Ventures, Sunfish Partners, and individuals including Bayer executive Sebastian Guth.
– The company’s system enters play when you have some exotic new compound you want to make in order to test it in real life, but don’t know how to make it.
– After all, these molecules are brand new to science — no one has created them before, so why should anyone know?
– Molecule.one creates a workflow starting with ordinary off-the-shelf chemicals and provides step by step instructions using known methods of how to go from A to B… and to C, D and so on (it’s rarely simple).

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Total investments 169
Average round size 12M
Rounds per year 16.90
Peak activity year 2016
Lead investments 8
Follow on index 0.22
Exits 9
Group Appearance index 0.69

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

iKala

Analytics
Artificial Intelligence
Cloud Computing
Digital Marketing
Machine Learning
Social Media Marketing
Social Shopping
Software
$23M26 Mar 2024 New Taipei, Taiwan

Anzen

$4M12 Feb 2024 -

Inference.ai

GPU
Information Technology
Software
30 Jan 2024 Palo Alto, California, United States

Atinary

Artificial Intelligence
Machine Learning
Software
$5M26 Sep 2023 Lausanne, Vaud, Switzerland

Rybit

Fleet Management
Food Delivery
Last Mile Transportation
Sharing Economy
$10M06 Jul 2023 San Francisco, California, United States

Partanna

Building Material
Green Building
Sustainability
$12M03 May 2023 Nassau, New Providence, Bahamas

MetaCRM

Blockchain
CRM
$2M25 Apr 2023 -

SJ Mobile Labs

Debit Cards
Financial Services
FinTech
Insurance
InsurTech
Life Insurance
Mobile Payments
$4M07 Feb 2023 Singapore, Central Region, Singapore

Presso

Hospitality
$8M19 Jan 2023 Atlanta, Georgia, United States
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