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How Terra’s stablecoin and payment system will take the ecommerce world by storm
Talks about Cherubic Ventures, Terra stablecoin and global payment system
MC
Matt Cheng
Investor at Partanna
Tokyo
Overview
Matt Cheng is the Founder & General Partner at Cherubic Ventures in Tokyo, specializing in venture capital and angel investing across various sectors. He has invested in notable companies like Inference.ai and Bitmark, demonstrating his success in funding startups and contributing to their growth through strategic investments.
Cheng's career highlights include founding Cherubic Ventures and investing in a diverse range of companies such as Flexport, hims, and Calm, showcasing his expertise in identifying promising opportunities and supporting them through various stages of growth.
Work Experience
Founder & Solo General Partner
2010 - Current
Cherubic Ventures is a solo GP fund backing repeat and ambitious founders at the very beginning, before traction, before product, before consensus. With $400M in AUM, Cherubic Ventures specializes in high-conviction investments in pre-product-market-fit companies, primarily in the U.S. Founded and solely led by Matt Cheng, a serial entrepreneur who built two publicly listed unicorns in the consumer and mobile space, Cherubic has seeded over 15 unicorns, including Hims & Hers (IPO), Flexport, Calm, 91APP (IPO), Ring (acquired by Amazon), and Paidy (acquired by PayPal)
Council Member
2024
Serving as a Council Member on the Education and Development Committee at UWC ISAK Japan. UWC ISAK Japan is a transformative international school dedicated to empowering young people from diverse backgrounds to become ‘Catalysts for Positive Change.’ Through rigorous academics, leadership development, and a focus on sustainability, it fosters a global community of action-oriented leaders committed to shaping a better future.
Angel Investor
2014
Flexport is a licensed customs brokerage and freight forwarder built around an online dashboard. Our mission is to fix the user experience in global trade and bring the world free trade through technology.
Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade.
Raised $2,699,000,000.00 from Shopify.
Angel Investor
2017
Hims is a men's wellness brand helping guys get access to the best that science has to offer.
Hims is a wellness brand that helps men and women get access to products for skin care, hair loss, and sexual health.
Raised $233,200,000.00 from Franklin Templeton.
Angel Investor
2014
Calm provides applications for individuals to relax their minds. Calm is named Apple's 2017 App of the Year!
Calm offers a global health and wellness brand application designed to help its users meditate and relax.
Raised $218,043,000.00 from BluePointe Ventures.
Angel Investor
2018
Magic is a developer of SDK that integrates with applications to enable password-less Web3 onboarding and authentication.
Raised $83,000,000.00 from Volt Capital, Northzone, Synchrony Ventures, Cherubic Ventures, Kx Technology Fund and PayPal Ventures.
Angel Investor, Board Member
2021
Partanna is behind the development of the world's first carbon negative building material which avoids emissions and removes CO‚‚ naturally. The material is as durable, affordable, and versatile as traditional concrete, and generates top-performing, carbon removal credits.
Board Member
2013
Advisor
2017
Atomic is a venture fund that founds companies. Founded in 2012, we believe that disruptive innovation is most successfully achieved by pairing innovative ideas with business discipline, and that building those ideas into businesses is not something that can be outsourced. We are engineers and entrepreneurs who build and operate the next generation of great companies.
Investor
2015
ONEHOPE is a California-based social enterprise that sells wine and other products and services to raise awareness and funding for charitable organizations and social causes. ONEHOPE donates half of its profits to charity and each ONEHOPE wine varietal supports a different charitable cause or organization. The company's charitable donations are made through the ONEHOPE Foundation. The ONEHOPE Foundation has raised over $1 million for various charities. ONEHOPE co-founder Jake Kloberdanz is the company's chief executive officer. ONEHOPE Winery is in Napa, California. Robert Mondavi, Jr., grandson of Robert Mondavi, has partnered with the winery.
ONEHOPE is a social enterprise that sells wine and other products and services to raise awareness and funding for charitable organizations.
Raised $57,388,290.00 from Wesley Chan, PLG Ventures, Matt Cheng, A.M. Management & Consulting (AMMC), WestRiver Group, Vectr and Nima Capital.