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.

Cathay Venture was established in April 2003 as a 100% subsidiary of Cathay Financial Holdings, investing in companies with growth potential and helping them grow to maximize value. Cathay Financial Holdings (TSE: 2882) is Taiwan’s largest financial holding company, combining insurance, securities, and banking to form a comprehensive business platform. With extensive branches and personnel across Taiwan, it implements cross-selling strategies and provides one-stop services to over 10 million clients. With 700+ branches and 20,000+ sales personnel, Cathay maintains the most extensive customer service network in Taiwan. Cathay Venture Capital is a sustainable fund, investing flexibly across seed, founding, expansion, and mature stages. To date, it has invested in approximately 300 companies, optimizing operations and governance while leveraging Cathay’s marketing, distribution, customer, and data resources.

SparkLabs is a Silicon Valley-origin venture fund with an international accelerator network. It invests in seed-stage startups and provides acceleration support globally. Comprising nine international accelerators and three seed funds, SparkLabs operates full-time accelerator programs in Taipei, Korea, Australia, Beijing, Shenzhen, Singapore, Oman, and Washington D.C., with partners in Silicon Valley, Singapore, Hong Kong, and London.

Darwin Venture Management Corporation was founded in Taiwan in 2009. It is a professional venture fund management company entrusted with managing venture capital funds, focusing on investments in Taiwan and Silicon Valley. Darwin targets highly growth-oriented companies and operates with an experienced management team.