Cherubic Ventures is a global early-stage venture capital firm founded by angel investor Matt Cheng in 2014, investing in pre-product/market fit companies across the US and Asia. The firm has supported multiple IPOs and manages over US$400M in total committed capital across its funds.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Their most common stage is seed (44% of deals). Average disclosed round size is $32.1M (across 53 rounds with reported amounts).
Portfolio
47
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Team
Matt Cheng
Founder & Solo GP
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
57 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 tokenz | Series A | — | Jun 2026 |
 Titan Dynamics | Seed | $9M | Jan 2026 |
| tokenz | Seed | — | Jan 2026 |
 Terminal 3 | Seed | $8M | Apr 2025 |
| Terminal 3 | Seed | $8M | Jan 2025 |
 Habitto | Series A | $11.7M | Nov 2024 |
| IiKala | Series B | $660M | Mar 2024 |
 Magic | Unknown | $320M | Jan 2024 |
 Anzen | Seed | $4M | Jan 2024 |
 Atinary | Seed | $5M | Sep 2023 |
| PPresso Robotics | Seed | $8M | Jan 2023 |
| Habitto | Seed | $3.9M | Jan 2023 |
 Highstreet Market | Unknown | $5M | Aug 2021 |
| HHighstreet | Unknown | $5M | Aug 2021 |
 Aspen Digital | Series A | $8.8M | Aug 2021 |
 Molecule One | Seed | $4.6M | Jun 2021 |
 Buyk | Series A | $46M | Jun 2021 |
 Windfall Data | Series A | $21M | Mar 2021 |
 Photomath | Series B | $23M | Feb 2021 |
| MMagic Labs | Series A | — | Jan 2021 |
 Photomath | Series B | $23M | Jan 2021 |
| Photomath | Series B | $23M | Jan 2021 |
 Photomath | Series B | $23M | Jan 2021 |
 WindFall | Series A | $21M | Jan 2021 |
 Vibe.co | Seed | — | Sep 2020 |
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Top Co-Investors
AME Cloud Ventures7 shared
Pathbreaker Ventures5 shared
HAX5 shared
Khosla Ventures4 shared
Founders Fund4 shared
1517 Fund4 shared
Uncork Capital4 shared
Goodwater Capital4 shared
GSV Ventures4 shared
Menlo Ventures4 shared
Learn Capital4 shared
Animoca Brands4 shared
Palm Drive Capital4 shared
SOSV4 shared
Wing Venture Capital3 shared
500 Global3 shared
Mechanism Capital3 shared
Coral Capital3 shared
Circle Ventures3 shared
Y Combinator3 shared
Last updated: 7 October 2026