# Matt Cheng

> Matt Cheng is a seed investor at Cherubic Ventures backing Software and Information Technology. See 23 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Cherubic Ventures](https://shizune.co/investors/profile/cherubic-ventures)
- Location: San Francisco, United States
- Total investments: 23
- Last investment: Aug 2026
- Lead investor: 30%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/chengmatt
- X (Twitter): http://twitter.com/chengmatt
- Facebook: http://www.facebook.com/profile.php?id=100004098139629

Matt Cheng is a seed investor at Cherubic Ventures in San Francisco focused on Software and Information Technology. Matt Cheng is the founder and managing partner of Cherubic Ventures, an early stage venture capital firm based in San Francisco Bay Area, Beijing and Taipei. Matt Cheng was the earliest investor of Tian Ge Interactive Holdings(1980.HK), China's largest live social video platform and currently also serving as the Chief Strategy Officer. Mattwas selected as a "Top 20 under 40" early stage investor in China by Cyzone Media in 2013 & 2014. Matt was also a top-ranked ITF world junior tennis player.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $455k–$7.9M |
| Series C | $50M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 22% |
| Information Technology | 4 | 17% |
| Blockchain | 3 | 13% |
| E-Commerce | 3 | 13% |
| Communities | 3 | 13% |

50 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 11 | 48% |
| Funding Round | 3 | 13% |
| Series C | 2 | 9% |
| Angel | 1 | 4% |
| Pre-Seed | 1 | 4% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 12 | 52% |
| Taiwan | 2 | 9% |
| Japan | 1 | 4% |
| Canada | 1 | 4% |
| Hong Kong | 1 | 4% |

6 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Surf Music | SURF Music is a 2-sided digital marketplace and collaboration ecosystem for music makers and buyers to sell/procure unreleased demos across the global entertainment industry. | $7.9M | Seed | Aug 05, 2026 |  |
| Beaubble | beauty + bubble = beaubble [byoo-buhl] |  | Seed | Mar 31, 2024 |  |
| Inference.ai | Inference.ai is an IT company that provides artificial intelligence solutions and manufactures GPUs. | $4M | Seed | Jan 30, 2024 |  |
| Beaubble | beauty + bubble = beaubble [byoo-buhl] |  | Seed | Jan 01, 2024 |  |
| Sidework Solutions | Backbar Solutions is an automated cocktail dispenser designed to provide stability in bars regardless of fluctuations in business. Designed with a bartender’s workflow in mind, our cocktail dispenser makes your bar more efficient from day one, so client can focus on giving the guests a great experience. It reduces the points of contact betweenbartenders and cocktails, so they can be sure the drinks they are serving are as safe as possible. |  | Venture - Series Unknown | Oct 24, 2023 |  |
| Bitmark | Bitmark restores trust in data. Our end-to-end Internet protocol secures the provenance of data. This makes it possible to have verifiable information, digital property rights, and safe sharing of personal data—without the need for trusted third parties. UC Berkeley, Pfizer, and KKBOX use Bitmark in healthcare, music, art, and more. #digitalrights | $5.6M | Series B | Jul 06, 2022 |  |
| Tonic | A community space for musicians of all levels to practice and perform everyday. Backed by angels including cofounders of YouTube, Twitch, and Twitter Spaces. |  | Seed | Nov 08, 2021 |  |
| Tonic | A community space for musicians of all levels to practice and perform everyday. Backed by angels including cofounders of YouTube, Twitch, and Twitter Spaces. |  | Pre-Seed | Nov 08, 2021 |  |
| Highstreet | Highstreet is a commerce-centric metaverse accessible on browsers and native PC VR. With veterans from VR, Defi, fine art, and hype markets, the mission of Highstreet is to bridge the gap between reality and the digital world and redefine how financial products should be consumed and sold on the market. Players are able to form parties to explore avast new world on the Highstreet interface, own and expand their virtual reality estates, and buy tokenized products from their favorite brands. | $5M |  | Aug 18, 2021 |  |
| Highstreet | Highstreet is a commerce-centric metaverse accessible on browsers and native PC VR. With veterans from VR, Defi, fine art, and hype markets, the mission of Highstreet is to bridge the gap between reality and the digital world and redefine how financial products should be consumed and sold on the market. Players are able to form parties to explore avast new world on the Highstreet interface, own and expand their virtual reality estates, and buy tokenized products from their favorite brands. | $5M | Seed | Aug 11, 2021 |  |

10 of 23 investments shown.

## Co-investors
- [Palm Drive Capital](https://shizune.co/investors/profile/palm-drivecapital) — VC Fund, 3 deals together
- [AME Cloud Ventures](https://shizune.co/investors/profile/ame-cloud-ventures) — VC Fund, 2 deals together
- [Digital Currency Group](https://shizune.co/investors/profile/digital-currency-group) — VC Fund, 2 deals together
- [Formation 8](https://shizune.co/investors/profile/formation8) — VC Fund, 2 deals together
- [Founders Fund](https://shizune.co/investors/profile/founders-fund) — VC Fund, 2 deals together
- [GBV Capital](https://shizune.co/investors/profile/genesis-block-ventures) — VC Fund, 2 deals together

## About Cherubic Ventures

VC Fund · Taipei, Taiwan

Founded in 2014, Cherubic Ventures is the only early-stage venture capital firm that's active in both US and Asia, with a total AUM of 400 million USD. Our team spreads across San Francisco, Singapore, and Taipei. We focus on seed stage investments that aim to transform industries. Some of our notable portfolio companies include Flexport, Hims& Hers, Calm, 91APP, Paidy, Tezign, and Pinkoi.

5 contacts available at Cherubic Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Andrew Dudum | Venture Partner | https://shizune.co/investors/profile/andrew-dudum |
| Danielle Dudum | Partner | https://shizune.co/investors/profile/danielle-dudum |
| Matt Cheng | Founder & Managing Partner | https://shizune.co/investors/profile/matt-cheng |
| Snow Hua | Partner | https://shizune.co/investors/profile/snow-hua |
| Tina Cheng | Managing Partner | https://shizune.co/investors/profile/tina-cheng |

## Similar investors

### Similar industry
- [Warner Music Group](https://shizune.co/investors/profile/warner-music-group) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Goodwater Capital](https://shizune.co/investors/profile/goodwater-capital) — VC Fund

### 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

### Similar country
- [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
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## Featured in investor lists
- [Music Angel Investors in United States](https://shizune.co/investors/music-angel-investors-united-states)
- [Music Angel Investors](https://shizune.co/investors/music-angel-investors)
- [Social Angel Investors](https://shizune.co/investors/social-angel-investors)
- [Social Angel Investors in United States](https://shizune.co/investors/social-angel-investors-united-states)

## FAQ

### What does Matt Cheng invest in?

Matt Cheng invests primarily in Software, Information Technology and Blockchain startups, most often at Seed and Funding Round stage. Most of the 23 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Matt Cheng's check size?

Matt Cheng typically joins rounds of $455k–$7.9M at Seed and $50M–$50M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Matt Cheng participates in.

### When did Matt Cheng last invest?

The most recent investment recorded for Matt Cheng closed in Aug 2026. Shizune tracks 23 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co