Cherubic Ventures Closes $68.88 Million Fund VI

Cherubic Ventures has announced the closing of its sixth fund, Fund VI, at $68.88 million as of 1 September 2026. This new fund has brought the firm's total assets under management (AUM) to over $500 million, according to The Malaysian Reserve. The fund reflects the firm's ongoing commitment to supporting early-stage companies, primarily those in the artificial intelligence (AI) sector.

This fund continues Cherubic Ventures' strategy of focusing on AI-native technologies, encompassing areas such as infrastructure, developer tools, enterprise software, healthcare, physical AI, and robotics. The firm noted that its investments span various stages of AI innovation, as demonstrated by the success of Sudo AI. Sudo AI, a portfolio company, has recently achieved unicorn status, reflecting its valuation at nearly $2 billion. The rapid success of companies like Sudo AI underscores the potential of AI applications across industries.

Founded in 2015, Cherubic Ventures was one of the pioneers of the solo GP model of venture investing. This approach allows for greater agility and personalized attention across the portfolio. The firm's founder, Matt Cheng, remains committed to investing at the earliest stages, fostering innovation from the ground up. Cherubic Ventures has successfully backed over 200 companies globally, many of which have grown into significant market players. Notable exits include Hims & Hers, Flexport, and Paidy, the latter of which was acquired by PayPal for $2.7 billion.

The close of Fund VI signals Cherubic Ventures' continued belief in the transformative power of technology and innovation. AI continues to reshape traditional industries, offering solutions such as autonomous robotics, advanced healthcare diagnostics, and efficient developer tools. The firm's involvement in pioneering technologies positions them as a key player in the global venture landscape.

Looking ahead, Cherubic Ventures is poised to further cement its presence in the nascent AI space. The firm's strategic investments in emerging technologies indicate robust growth opportunities. The focus on AI infrastructure and tools suggests Cherubic Ventures is preparing for an industry that values efficiency and innovation.

Investors in Fund VI include global institutional investors, family offices, successful entrepreneurs, and high-net-worth individuals. This diverse backing reflects confidence in Cherubic Ventures' ability to identify and support promising startups that can lead the next wave of technological advancements.

The success of Cherubic Ventures’ latest fund underlines the viability and appeal of early-stage investing. As the firm embarks on its second decade, it will likely continue to play a critical role in identifying and nurturing the disruptive technologies of tomorrow.