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Top 10 Retail Startup Investors in Taiwan (October 2026)

The most active venture capital funds and angel investors investing in Taiwan Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Taiwan Retail startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Cherubic Ventures
VC Fund
2 United States, China, Taiwan Seed, Series A, Angel Software, Artificial Intelligence, E-Commerce $220k–$27M
WI Harper Group
VC Fund
2 United States, Taiwan, China Series A, Seed, Series B Software, Health Care, Biotechnology $1.4M–$41M
Alibaba Entrepreneurs Fund
VC Fund
2 Hong Kong, Taiwan, United States Series A, Seed, Series B Software, E-Commerce, Artificial Intelligence $510k–$150M
BAI Capital
VC Fund
2 China, Taiwan, Hong Kong Series A, Seed, Series B iOS, Social, Android $1.6M–$100M
Jan Hung-Tze
Angel
1 Japan, Taiwan Seed, Series A SaaS, Apps, PaaS
Paul Lin
Angel
1 Taiwan Series A Apps, PaaS, SaaS
HeyTea
VC Fund
1 China, Taiwan Series A, Venture - Series Unknown Food and Beverage, Coffee, Retail $15M–$15M
CID Group
VC Fund
1 United States, China, Taiwan Series B, Series A, Series D Software, Video, Manufacturing $2.5M–$54M
ITIC: Industrial Technology Investment Corporation
VC Fund
1 United States, Taiwan, Japan Series B, Seed, Series A Health Care, Biotechnology, Software $1M–$150M
CDIB Capital
VC Fund
1 China, Taiwan, United States Series B, Series A, Series C Health Care, Biotechnology, Artificial Intelligence $1.5M–$100M
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Investor list

Cherubic Ventures
VC Fund · Taipei, T'ai-pei, Taiwan · 2 investments in Taiwan Retail startups

Cherubic Ventures is an early stage focused venture capital firm based in Silicon Valley and Greater China.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Angel
  • Geography: United States, China, Taiwan

Investor stats

  • Total investments: 229
  • Round size: Seed $1M–$8M; Angel $220k–$3M; Series A $2.5M–$27M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • Wondera — Make music about anything.
  • Tokenz — Tokenz is a global payment platform designed to help digital content creators and businesses scale their revenue seamlessly. Supporting payment methods worldwide, Tokenz enables brands to build customizable web stores, optimize conversions, and expand direct-to-consumer sales. As a Merchant of Record (MoR), Tokenz ensures global tax compliance,fraud protection, and multi-currency transactions—allowing businesses to sell with confidence across international markets.
  • Surf Music — SURF Music is a digital marketplace ecosystem for music creators and buyers across the global entertainment industry.
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WI Harper Group
VC Fund · San Francisco, California, United States · 2 investments in Taiwan Retail startups

WI Harper Group is a venture capital firm that focuses on early and early expansion investments in Mainland China, Taiwan and Silicon Valley. It was founded in 1993. Made 300+ investments with 80+ exits. Manages 9 funds and over $1B in capital through 19 dedicated investment professionals located in Beijing, Taipei and San Francisco. The firm's focus is technology, clean technology and healthcare. Its track record includes [DivX](http://www.crunchbase.com/organization/divx), Focus Media, Vizio, SiRF and Commerce One.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: United States, Taiwan, China

Investor stats

  • Total investments: 162
  • Round size: Seed $1.4M–$5M; Series A $2M–$15M; Series B $6M–$41M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $174M in 2016

Portfolio highlights

  • Xsensio — Xsensio develops the unique Lab-on-Skin™​ sensing platform to sense in real-time biochemical information at the surface of the skin, providing unprecedented real-time information about our health and wellness, in a simple and non-invasive way.The Xsensio Lab-on-Skin™ sensing chip relies on a unique, highly-miniaturized sensing platform developedat the Nanolab of the Swiss Federal Institute of Technology. By leveraging semiconductor properties, our sensing platform unleashes a whole new set of possibilities in continuous health monitoring.
  • AdMaster — AdMaster (AdMaster精硕科技) is focused on domestic advertising, and is a third party provider of solutions for marketing massive data in China. It is also the key domestic independent third party of massive data management platform at present. AdMaster aims at helping advertisers to realize the monitoring and optimization of digital marketing effect aswell as improving the overall marketing ROI by technology-driven massive data perception research. AdMaster has a server cluster which processes more than 200 billion data and iterates more than 100 types of data models every month. The main research and service areas include digital marketing effect monitoring and researche, valuation and management of social media marketing effect, analysis and management of social big data, and more.
  • R+W — R+W is a global agency & startup incubator based in Hong Kong, Taipei, New York and Washington DC.
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Alibaba Entrepreneurs Fund
VC Fund · Causeway Bay, Hong Kong Island, Hong Kong · 2 investments in Taiwan Retail startups

The Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015 to help entrepreneurs and young graduates realize their dreams and vision. Two separate funds have been set up in Hong Kong and Taiwan respectively to support specific programs in each place.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Hong Kong, Taiwan, United States

Investor stats

  • Total investments: 81
  • Round size: Seed $510k–$8M; Series A $2M–$15M; Series B $7M–$150M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2015

Portfolio highlights

  • Tiiny AI — Tiiny AI offers a ready-to-use open-source ecosystem with one-click installation for models.
  • Vpon Holdings — Vpon AI Big Data group helps companies discover opportunities with the power of data. Reliable Data, Smarter Analysis, Precise Planning for Measurable Results
  • Ziwu Technology — Ziwu Technology offers the conversion of bio-based waste into sustainable new materials and provides environmentally friendly solutions.
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BAI Capital
VC Fund · Chaoyang, Liaoning, China · 2 investments in Taiwan Retail startups

BAI Capital is an investment arm of German media mogul Bertelsmann. Its notable investments include electric vehicle upstart Nio, Southeast Asia’s popular live streaming app Bigo, and China’s shared bike pioneer Mobike, which was acquired by Meituan. BAI Capital was founded in 2008 by German businessman Carl Bertelsmann.

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Investment focus

  • Industry: iOS, Social, Android
  • Stage:Series A, Seed, Series B
  • Geography: China, Taiwan, Hong Kong

Investor stats

  • Total investments: 14
  • Round size: Seed $2M–$50M; Series A $1.6M–$100M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $700M in 2022

Portfolio highlights

  • Merlin Chain — Merlin Chain offers a native scaling solution.
  • Speedfox — Speedfox is a home cleaning smart home company.
  • CIX Technology — This Core Technology offers next-generation intelligent computing solutions, designing and developing spec intelligent computing systems.
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Jan Hung-Tze
Angel · 1 investments in Taiwan Retail startups

A native of Nantou County born in the year 1956, Hung-Tze Jan graduated from the Department of Economics at National Taiwan University.Hung-Tze Jan is the chairman of PChome Online and also the founder of PChome Publication and Cite Publication.Hung-Tze Jan has over 30 years of experience in the media industry, having worked for United DailyNews, Commercial Times, China Times, Yuan-Liou Publishing, Rock Records, Chinese Television System, Business Weekly, and many more. During the time he served as editor-in-chief for numerous media companies, he planned and edited over thousands of books and periodicals and was the founder of over forty magazines, including PChome and Business Next.In Taiwan, Hung-Tze Jan is an acclaimed writer, opinion leader, filmmaker, editor, and publisher. He is highly respected for his insights on the issues between the socioeconomic environment and the trend towards the internet culture and creativity.Hung-Tze Jan is the chairman of the Taiwan Internet and E-Commerce Association (TiEA). He has also served as chairman, director, and supervisor for many other associations in the publishing and information industries. In 1997, the People Magazine of Taiwan awarded him the Diamond Award. In 2008, the Government Information Office awarded him the Special Award of the 2nd Golden Vessel Awards for Digital Publishers.

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Investment focus

  • Industry: SaaS, Apps, PaaS
  • Stage:Seed, Series A
  • Geography: Japan, Taiwan

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 91APP — 91APP is a leading omnichannel commerce solution provider in Taiwan, providing brand-own shopping app and websites for retailers.
  • Awoo — Helps businesses connect with customer intentions across the marketing funnel from every possible touchpoint to drive actionable insights
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Paul Lin
Angel · 1 investments in Taiwan Retail startups

Paul Lin has been mentioned or cited less than a dozen times throughout all the RSS channels we monitor. Especially, the channel 'Green Car Congress' contains less than a dozen references to this person (or maybe different people with similar names) alone. As it’s displayed on the chart below, Paul Lin was highly popular in March lastyear.

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Investment focus

  • Industry: Apps, PaaS, SaaS
  • Stage:Series A
  • Geography: Taiwan

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 91APP — 91APP is a leading omnichannel commerce solution provider in Taiwan, providing brand-own shopping app and websites for retailers.
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HeyTea
VC Fund · Shenzhen, Guangdong, China · 1 investments in Taiwan Retail startups

HeyTea is a Chinese tea shop that specializes in cheese-topped tea and fruit tea. In 2012, HEYTEA originated from an alley in the riverside. Originally known as ROYALTEA , the royal tea was completely upgraded to the registered brand HEYTEA.

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Investment focus

  • Industry: Food and Beverage, Coffee, Retail
  • Stage:Series A, Venture - Series Unknown
  • Geography: China, Taiwan

Investor stats

  • Total investments: 5
  • Round size: Series A $15M–$15M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • WAT — WAT is a cocktail and spirits brand that provides bottled cocktails packaged in a futuristic way.
  • Heqi Taotao — Heqi Taotao is a restaurant chain that offers peach-flavored beverages and snacks.
  • Minority Coffee — Minority Coffee is a coffee brand that focuses on the production, processing, and sales of roasted coffee.
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CID Group
VC Fund · Shanghai, Shanghai, China · 1 investments in Taiwan Retail startups

A trusted partner for entrepreneurs and investors, achieving a brighter future together through integrated partnership

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Investment focus

  • Industry: Software, Video, Manufacturing
  • Stage:Series B, Series A, Series D
  • Geography: United States, China, Taiwan

Investor stats

  • Total investments: 27
  • Round size: Series A $2.5M–$28M; Series B $5.7M–$54M; Series D $20M–$24M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2016

Portfolio highlights

  • CyCraft — CyCraft secures national governments, Fortune 500 firms, and SMEs with our Japan Interop 2020 Best of Show and MITRE ATT&CK®-evaluated AI platform, CyCraft AIR, that delivers 1) endpoint detection & response, 2) network detection & response, 3) operational global threat intelligence and 4) enterprise cyber-health checks.
  • IsCoolLab — Streamlines manufacturing processes, enhances productivity, and delivers scalable solutions to help your business stay competitive in the market.
  • Tron Future — Tron Future Tech develops counter-unmanned aircraft systems designed to detect, track, and neutralize drone threats. The company's anti-drone platform integrates components such as the T.Radar, a 4D Active Electronically Scanned Array radar; T.Sensor, a passive RF detector; T.Jammer, an electronic countermeasure; and T.Meta, an AI-drivencommand and control system. These systems are engineered to identify and mitigate drone incursions, including those employing frequency-hopping techniques and swarm tactics. The T.Radar offers detection capabilities up to 6 kilometers, while T.Sensor can detect drones and their operators prior to takeoff. T.Meta facilitates real-time monitoring and integrates data from multiple sources to provide a cohesive operational picture. The company's solutions have been deployed to protect critical infrastructure and support defense operations.
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ITIC: Industrial Technology Investment Corporation
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Taiwan Retail startups

We are the venture capital arm of the renowned R&D consortium – the Industrial Technology Research Institute (ITRI). Since our creation in 1979, we have invested over US$400 million across virtually all stages, sectors, and timezones. Companies we have nurtured have gone on to define entire industries, and boast a combined market cap of wellover US$200 billion. Since its inception, ITIC has been instrumental in leading Taiwan's initial ventures into technology-based businesses, such as integrated circuits, automation, opto-electronic display, etc. ITIC is an original shareholder of some industry leaders such as UMC, Taiwan Mask Corp., Acer Display Technologies, Inc.(renamed as AU Optronics Corp.).

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series B, Seed, Series A
  • Geography: United States, Taiwan, Japan

Investor stats

  • Total investments: 38
  • Round size: Seed $1.9M–$12M; Series A $1M–$28M; Series B $7.6M–$150M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Syncell — Advance your research with microscopy-guided tools for high-res protein discovery & mapping. See how our workflow enhances precision and discovery depth.
  • PopChill — PopChill generates an online marketplace for second-hand trade, enabling users to share their fashion styles and sell idle items.
  • Rege Nephro — Rege Nephro is a biotech company that specialized in R&D, production and marketing of renal disease therapeutics.
Show all investments...

CDIB Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Taiwan Retail startups

CCIC CDIB International Corp.

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Investment focus

  • Industry: Health Care, Biotechnology, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, Taiwan, United States

Investor stats

  • Total investments: 49
  • Round size: Series A $1.5M–$18M; Series B $6M–$100M; Series C $4.3M–$40M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — raised $405M in 2015

Portfolio highlights

  • Redcliff — Redcliff is a drone management company that organizes aerial shows and events for private and public organizations.
  • QT Medical — QT Medical’s technology empowers the patients to take an active role in managing their heart disease. Heart disease is responsible for 1 out of every 4 deaths in the U.S. and is the number 1 killer world-wide. No longer do patients with heart disease have to make long trips to their cardiologists, hospitals, or emergency rooms to get diagnostic,hospital-grade ECG scans. They can now perform these tests from the comfort of their homes or anywhere with an internet connection, allowing peace of mind, saving time, reducing stress, and improving outcomes.
  • Shengya Bio — ShengYa Bio is a biotechnology company that specializes in the research, development, and manufacturing of in vitro diagnostic reagents and equipment.
Show all investments...

Retail Investor funding in Taiwan at a glance

Stats across 17 deals from 19 investors.

19
investors
in Taiwan Retail startups
17
deals
in Taiwan Retail startups
$2.4M
median round
in Taiwan Retail startups
32%
lead investors
lead at least one round
29%
Series A
most common funding stage
89/11
VC / Angel
share of investor count

Access all 19 investors in Taiwan Retail startups.

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