Taiwan’s Cherubic Ventures launches $120m fund, to target Saas, virtual reality & robotics

Taiwan-based investment firm Cherubic Ventures has launched a $120 million fund for which it has already received commitments for $70 million.

The new fund will be managed by Matt Cheng, Founder and Managing Partner at Cherubic Ventures, and his team spread across Beijing, Taipei and the US.

The fund will keep its eye on industries like software-as-a-service (SaaS), virtual reality, robotics, machine learning, and e-commerce for making investments..

The company also said, in a press statement, the Shanghai office will serve as its new global headquarters, which will coordinate between Asia and the US.

Founded in 2010, the firm has invested in at least 94 startups across the world including Double, a Hong Kong-based virtual assistant; FanTalk, a San Francisco-based mobile fan engagement platform; Fang Hu Wang, an online real estate mortgage loan platform in Beijing; and H2, a startup in Taipei that uses smartphones to monitor the user’s health.

Also Read: 

Taiwan-based KKday secures $4.5m Series A for Asia expansion

Benchmark Capital dominates top 10 global VC list

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.