{"id":95634,"date":"2026-09-01T06:12:12","date_gmt":"2026-09-01T10:12:12","guid":{"rendered":"https:\/\/hedgeco.net\/news\/09\/2026\/cherubic-ventures-closed-fund-vi-at-68-88-million-as-firm-aum-crossed-500-million.html"},"modified":"2026-09-01T06:12:12","modified_gmt":"2026-09-01T10:12:12","slug":"cherubic-ventures-closed-fund-vi-at-68-88-million-as-firm-aum-crossed-500-million","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2026\/cherubic-ventures-closed-fund-vi-at-68-88-million-as-firm-aum-crossed-500-million.html","title":{"rendered":"Cherubic Ventures Closed Fund VI at $68.88 Million as Firm AUM Crossed $500 Million:"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/09\/2026-09-01-cherubic-hero.jpg\" alt=\"Cherubic Ventures Closed Fund VI at $68.88 Million as Firm AUM Crossed $500 Million:\" \/><\/p>\n<p>HedgeCo.Net \u2014 Cherubic Ventures said Tuesday it had closed its sixth fund at $68.88 million, taking assets under management across the firm\u2019s six funds above US$500 million. The PR Newswire release, dated Taipei, Sept. 1, 2026, is the primary. China Times independently printed the same US$68.88 million Fund VI close and the same crossing of US$500 million of firm AUM.<\/p>\n<p>Fund VI stays early-stage and AI-native, covering infrastructure, developer tools, enterprise software, healthcare, physical AI, and robotics. The $68.88 million size is framed as a nod to eight as an auspicious figure in East Asian cultures. Matt Cheng is founder and solo GP. The firm, founded in 2015, said it has invested in more than 200 companies. Portfolio companies in Fund VI have already raised more than $500 million of subsequent capital, per the release.<\/p>\n<p>Named holdings include Sudo AI, a robotics startup the firm said has reached a valuation of nearly $2 billion two years after founding, with Cherubic as earliest institutional investor; Entire, a developer platform founded by former GitHub chief executive Thomas Dohmke that raised US$60 million earlier this year; and Patlytics, Max AI, Generation Lab, and therapiAI. Earlier-vintage names cited include Hims &#038; Hers, Flexport, Calm, Paidy, 91APP, and Astranis. Paidy was acquired by PayPal for US$2.7 billion, the release said. LP names for Fund VI were not broken out beyond a description of institutions, foundations, listed companies, family offices, entrepreneurs, and high-net-worth individuals across all six funds.<\/p>\n<p>This is a final close on a sub-$70 million early-stage book, not a mega-fund. Mark $68.88 million as Fund VI and $500 million as firm-wide AUM across six vehicles. Do not add the $500 million of subsequent portfolio funding into Cherubic\u2019s own AUM, and do not treat the nearly $2 billion Sudo AI mark as capital Cherubic raised.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net \u2014 Cherubic Ventures said Tuesday it had closed its sixth fund at $68.88 million, taking assets under management across the firm\u2019s six funds above US$500 million. The PR\u2026 <a class=\"continue_reading_link btn btn-mini\" href=\"https:\/\/hedgeco.net\/news\/09\/2026\/cherubic-ventures-closed-fund-vi-at-68-88-million-as-firm-aum-crossed-500-million.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":95633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16286],"tags":[],"class_list":["post-95634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture-capital"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=95634"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/95633"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=95634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=95634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=95634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}