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.

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).”