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.

WI Harper Group, established in 1993, is a U.S.-based venture capital firm specializing in early- and growth-stage investments. It currently manages eight venture funds with nearly US$1 billion in assets under management. Its investment focus lies in high-tech, digital new media (TMT), and healthcare, with a track record of over 350 portfolio companies and more than 80 successful IPO and M&A exits.

Founded in 2000, Harbinger Venture Capital currently manages a $200 million fund with offices in Taipei and Silicon Valley. The firm primarily invests in early- and mid-stage high-tech startups or niche, high-growth companies. The team consists of eight professional investment managers, most of whom joined at the firm’s inception. Beyond the professional investment team, Harbinger leverages the manufacturing and global distribution resources of the United Microelectronics–Shentong Group for strategic integration. Harbinger has invested in over 100 companies across Taiwan, China, and the United States, with more than 20 companies publicly listed. Individual investment amounts range from $1 million to $8 million. Harbinger maintains long-term partnerships with its portfolio companies, providing support when needed to achieve mutually beneficial outcomes.

Established by Taiwan’s National Development Council with private sector support, Taiwania Capital Management Corporation aims to boost domestic investment and economic growth. The firm has currently raised two funds: the “New Technology Fund (Taiwania Buffalo)” and the “Biotech & Medical Fund (Taiwania Buffalo II).”