Founded in 2014, Cherubic Ventures is an early stage technology focused venture capital firm investing in Silicon Valley and Asia.
Seed Stage, Early Stage
0 to $5M
SaaS, E-commerce, Hardware, Internet of Things (IoT), Mobile, Fintech, Marketplace, Data, Education, Technology
Asia, India, Indonesia, China, Bangladesh, Japan, Philippines, Vietnam, Thailand, Burma, South Korea, Taiwan, Republic of China, Malaysia, Nepal, Singapore, Macau, Hong Kong, Laos, Sri Lanka, Cambodia, US
Normal VC financing process. It starts with a pitch by startups to the VC firm. If the VC firm is interested, they will reply and give the startup a question list for commercial due diligence (CDD) purpose. If CDD turns out to be good, financial due diligence (FDD) and legal due diligence (LDD) might take place. After that, the VC firm might send a term sheet to the startups and negotiation process starts from there. When both parties reach a consensus on terms and structure of the deal, share subscription agreement (SSA) and shareholders’ agreement (SHA) would be drafted and finalized. Deal closing includes payment and documentation and report to the appropriate authority.