Daiwa PI Partners Co. Ltd.is a subsidiary of Daiwa Securities Group dedicated to venture capital and direct investment.

Top Taiwan Venture Capital Group independently manages funds exceeding NT$12 billion and assists the National Development Fund, the Industrial Development Bureau, and the Small and Medium Enterprise Administration in investing and supporting domestic companies. CID focuses on globally competitive businesses, internationally scalable services, China’s domestic-demand-driven sectors, as well as biopharma, new drugs, equipment, and distribution services within the biotech and healthcare industries, along with other innovative growth-oriented businesses.

Cherubic Ventures is the only institutional angel investment firm active across both China and the U.S., with teams based in San Francisco, Beijing, and Taipei. Founded in 2014, it currently manages assets of over US$300 million. Representative investments include Flexport, hims, Calm, Virgin Hyperloop One, Wish, Ring, Liulishuo (LAIX), Pinkoi, and iKala.