Top 5 Retail Startup Investors in Taiwan (June 2026)

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

Investment focus

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

Investor stats

Total investments: 154
Round size: Seed $1M–$8M; Angel $220k–$3M; Series A $2.5M–$28M
Lead/follow: 16% lead, 84% follow
Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

Wondera — Wondera is a developer of Web3-based social entertainment software designed to reward users for singing and other creative performances. The platform allows users to create personalized AI singers, participate in karaoke, record music, and contribute to the training of artificial intelligence models—all free of charge. By integrating user-generatedcontent with advanced AI technologies, Wondera enables individuals to express their creativity, develop their talents, and engage in an interactive, rewards-driven entertainment experience.
Terminal 3 — We empower an equitable digital future
Lima Technology — Lima Technology is an insurance intermediary mobile marketing and office management platform. Lima Technology develops an intelligent hub in the insurance supply chain and delivers targeted solutions for insurance sales agencies. It provides innovative and reliable technical support for insurance sales organizations of different sizes, based oncloud computing and big data. It also integrates the mobile application services needed by the exhibition industry to enhance operation efficiency and develops an efficient self-service sales experience.Lima Technology promotes the transformation of insurance sales agencies to digitalization and intelligence, and maintains the vitality of development, through its intelligent business management platform.Lima Technology is headquartered in Beijing, China.

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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.

Investment focus

Industry: Hardware, Semiconductor, Art
Stage:Series A, Seed, Series B
Geography: China, Taiwan, Hong Kong

Investor stats

Total investments: 13
Round size: Series A $1.6M–$100M
Lead/follow: 38% lead, 62% follow
Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

CYGNUSEMI — Cygnus Semi is a semiconductor chip technology company that focuses on 5G IoT applications.
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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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.

Investment focus

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

Investor stats

Total investments: 68
Round size: Seed $510k–$7M; Series A $2M–$68M; Series B $7M–$150M
Lead/follow: 47% lead, 53% follow
Last fund: May invest from a new fund soon — raised $130M in 2015

Portfolio highlights

PanopticAI — PanopticAI is a health system that uses artificial intelligence and signal processing to comprehend the human body and improve health.
Vpon Holdings — Vpon Holdings is an AI big data analysis and advertising company.
Ziwu Technology — Ziwu Technology offers the conversion of bio-based waste into sustainable new materials and provides environmentally friendly solutions.

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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.

Investment focus

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

Investor stats

Total investments: 2
Lead/follow: no public data

Portfolio highlights

91APP — 91APP is a leading omnichannel commerce solution provider in Taiwan, providing brand-own shopping app and websites for retailers.
awoo Intelligence — Helps businesses connect with customer intentions across the marketing funnel from every possible touchpoint to drive actionable insights

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