# David Cheng

> David Cheng is a seed investor at Costanoa Ventures backing Software and Artificial Intelligence. See 20 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Costanoa Ventures](https://shizune.co/investors/profile/costanoaventures)
- Location: San Francisco, United States
- Total investments: 20
- Last investment: Sep 2025
- Lead investor: 65%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/chengdavid923
- X (Twitter): https://twitter.com/Chengdavid923
- Website: https://coreline.vc/
- Facebook: https://www.facebook.com/chengdavid923

David Cheng is a seed investor at Costanoa Ventures in San Francisco focused on Software and Artificial Intelligence. David Cheng is based out of Palo Alto, California, and is the General Partner of Costanoa Ventures. David previously worked at Coreline Ventures as a Co-Founder and General Partner.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 6 | 30% |
| Artificial Intelligence | 6 | 30% |
| FinTech | 3 | 15% |
| Wellness | 3 | 15% |
| Internet | 2 | 10% |

37 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 10 | 50% |
| Series A | 5 | 25% |
| Series B | 2 | 10% |
| Pre-Seed | 1 | 5% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 10 | 50% |
| Canada | 1 | 5% |
| Australia | 1 | 5% |
| New Zealand | 1 | 5% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Watchful | Watchful operates as an AI security company. | $3.5M | Seed | Sep 25, 2025 |  |
| Senpilot | AI for Utilities - completely redefine how Utilities manage assets, grow the grid, predict risk, and more | $4M | Seed | Sep 22, 2025 |  |
| Flagship | Flagship is a retail technology platform to bring new technology to the brick-and-mortar retail world. Flagship is introducing innovative visual merchandising technology to the world of brick-and-mortar retail. | $3.8M | Seed | Apr 02, 2025 |  |
| datascalehr | datascalehr develops AI Agents and APIs to natively connect to, and reconcile any Payroll and any HR data source in the world. datascalehr Payroll Providers and Global EORs more profitable by recognizing revenue 6-9 months faster and increasing gross margins 10%+. The company serves multi-country payroll, global employer of record / EOR,payroll service providers and payroll business process outsourcing companies. |  | Pre-Seed | Nov 06, 2023 |  |
| OpenArt | OpenArt is a platform that generates AI images. | $5M | Seed | May 01, 2023 |  |
| EvenUp | EvenUp is a legal tech company that develops cloud and AI-based legal case management solutions for personal injury AI and document generation. Its ligation cost software values personal injury claims and automates aspects of personal injury legal practices. | $50.5M | Series B | Apr 06, 2023 |  |
| Weekend Health | Weekend Health is a telehealth platform that connects clients with trained clinicians to make science-based weight loss accessible. | $20M | Series A | Dec 20, 2022 |  |
| EvenUp | EvenUp is a legal tech company that develops cloud and AI-based legal case management solutions for personal injury AI and document generation. Its ligation cost software values personal injury claims and automates aspects of personal injury legal practices. |  | Series A | Sep 24, 2021 |  |
| Weekend Health | Weekend Health is a telehealth platform that connects clients with trained clinicians to make science-based weight loss accessible. | $6M | Seed | Aug 01, 2021 |  |
| Sequence | Sequence comprehensive weight management programe combines clinically proven medications with access to board-certified clinicians, Registered Dietitians, fitness coaches, and a Care Coordinator to help with weight loss. Sequence are on a mission to help people feel confident they can control their weight while feeling good about how it fits intotheir lifestyle. They provide a virtual clinic that's free of weight bias and stigma. |  | Seed | Jul 06, 2021 |  |

10 of 20 investments shown.

## Co-investors
- [SignalFire](https://shizune.co/investors/profile/signal-fire) — VC Fund, 4 deals together
- [NFX](https://shizune.co/investors/profile/nfxcapital) — VC Fund, 3 deals together
- [Dash Fund](https://shizune.co/investors/profile/dash-fund) — VC Fund, 2 deals together
- [Great Oaks Venture Capital](https://shizune.co/investors/profile/great-oaks-venture-capital) — VC Fund, 2 deals together
- [Nyca Partners](https://shizune.co/investors/profile/nycapartners) — VC Fund, 2 deals together
- [Abstract](https://shizune.co/investors/profile/a-list-ventures) — VC Fund, 1 deal together

## About Costanoa Ventures

VC Fund · Palo Alto, United States

Costanoa Ventures leads Formation, Seed, and Series A stage investments in companies that change the way the world does business.

5 contacts available at Costanoa Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Amy Cheetham | Partner | https://shizune.co/investors/profile/amy-cheetham |
| David Cheng | General Partner | https://shizune.co/investors/profile/david-cheng-5 |
| Gregory Sands | Founder and Managing Director | https://shizune.co/investors/profile/greg-sands |
| Jim Wilson | Partner | https://shizune.co/investors/profile/jim-wilson-5 |
| John Cowgill | Partner | https://shizune.co/investors/profile/john-cowgill |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does David Cheng invest in?

David Cheng invests primarily in Software, Artificial Intelligence and FinTech startups, most often at Seed and Series A stage. Most of the 20 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did David Cheng last invest?

The most recent investment recorded for David Cheng closed in Sep 2025. Shizune tracks 20 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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