# Top 5 Retail VC (Venture Capital) Funds in Taiwan in May 2026

## Cherubic Ventures
- Type: VC Fund
- Location: Taipei, T'ai-pei, Taiwan
- Relevant deals: 2
- Stages: Seed, Series A, Angel
- Focus: Software, Artificial Intelligence, E-Commerce

Cherubic Ventures is an early stage focused venture capital firm based in Silicon Valley and Greater China.

## BAI Capital
- Type: VC Fund
- Location: Chaoyang, Liaoning, China
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Hardware, Semiconductor, Art

BAI Capital is an investment arm of German media mogul Bertelsmann. Its notable investments include electric vehicle upstart Nio, Southeast Asia’s popular live streaming app Bigo, and China’s shared bike pioneer Mobike, which was acquired by Meituan.
BAI Capital was founded in 2008 by German businessman Carl Bertelsmann.

## HeyTea
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series A
- Focus: Food and Beverage, Coffee, Retail

HeyTea is a Chinese tea shop that specializes in cheese-topped tea and fruit tea.
In 2012, HEYTEA originated from an alley in the riverside. Originally known as ROYALTEA , the royal tea was completely upgraded to the registered brand HEYTEA.

## CDIB Capital
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Health Care, Biotechnology, Information Technology

CCIC CDIB International Corp.

## WI Harper Group
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, Health Care, Biotechnology

WI Harper Group is a venture capital firm that focuses on early and early expansion investments in Mainland China, Taiwan and Silicon Valley.It was founded in 1993. Made 300+ investments with 80+ exits. Manages 9 funds and over $1B in capital through 19 dedicated investment professionals located in Beijing, Taipei and San Francisco.Thefirm's focus is technology, clean technology and healthcare. Its track record includes 

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