Cherubic Ventures has closed its sixth venture fund at $68.88 million, bringing total assets under management across its six funds to more than $500 million. The Taipei-founded venture capital firm said Fund VI will continue its strategy of backing early-stage companies, with a particular emphasis on AI-native startups operating across several technology sectors. The announcement comes as a number of companies in Cherubic's portfolio secure substantial follow-on funding and reach higher valuations.
Fund VI Maintains an Early-Stage AI Focus
Fund VI will target companies developing artificial intelligence technologies across infrastructure, developer tools, enterprise software, healthcare, physical AI, and robotics. Cherubic Ventures has increasingly expanded its exposure to AI-native businesses since 2024 while maintaining its broader strategy of investing at the earliest stages of company formation. The firm said the $68.88 million fund size was also chosen to reflect the positive cultural significance traditionally associated with the number eight in East Asia.
Cherubic Ventures' investor base across its funds includes institutional investors, foundations, publicly listed companies, family offices, entrepreneurs, and high-net-worth individuals. Founder and solo general partner Matt Cheng said the firm's experience over the past decade has reinforced his conviction in supporting entrepreneurs before their businesses and markets are fully established. According to Cheng, working alongside founders through periods of uncertainty remains central to the firm's investment strategy.
Sudo AI Emerges as a Major Portfolio Company
Among the companies highlighted in the new fund's portfolio is robotics startup Sudo AI, which Cherubic Ventures says has reached a valuation approaching $2 billion just two years after its founding. The company was co-founded by embodied AI and 3D vision researcher Hao Su and serial entrepreneur Robin Han, with Cherubic serving as its earliest institutional investor. Sudo AI is developing robotic systems designed to learn through virtual simulation rather than relying primarily on physical manipulation data.
Its sudo R1 robotic system is designed to handle objects that it has not previously encountered, potentially addressing one of the technical barriers to deploying general-purpose robotic systems at scale. Cherubic is also an early investor in Entire, a developer platform founded by former GitHub CEO Thomas Dohmke that raised $60 million earlier in 2026. The firm's other AI-related investments include patent technology company Patlytics and healthcare-focused businesses such as Max AI, Generation Lab, and therapiAI.
Portfolio Companies Attract Further Capital
Although Fund VI remains relatively early in its deployment cycle, Cherubic Ventures said companies in the portfolio have already raised more than $500 million in subsequent financing. The figure illustrates the amount of additional capital attracted by startups after receiving initial backing from the venture firm. Cherubic has positioned this early-entry approach as a central part of its strategy for identifying companies before they reach larger institutional funding stages.
The firm has invested in more than 200 startups since it was founded in 2015 and was an early backer of companies including Hims & Hers, Flexport, Calm, Paidy, 91APP, Formation Bio, and Astranis. Several of its portfolio companies have subsequently reached unicorn status, entered public markets, or been acquired by larger technology and financial groups. Hims & Hers trades on the New York Stock Exchange, 91APP is listed on the Taipei Exchange, and PayPal acquired Japanese payments company Paidy for approximately $2.7 billion.
A Second Decade of Early-Stage Investing
Cherubic Ventures was founded in Taipei before building a significant presence in the United States and other international technology markets. The company describes itself as one of the early adopters of the solo GP venture capital model, with Cheng continuing to lead investment decisions across the firm's portfolio. Its network now includes more than 500 founders and investors connected through companies backed during its first decade.
The closing of Fund VI gives Cherubic Ventures additional capital to pursue early-stage opportunities as artificial intelligence continues to influence software, healthcare, robotics, and other technology markets. With more than $500 million now under management and several portfolio companies attracting substantial follow-on financing, the firm is entering its second decade with the same early-stage positioning that defined its initial funds. Cherubic plans to continue identifying founders at an early point in their development and supporting companies as they move toward larger commercial and financing milestones.