Victoria Cheng

Venture Investing in AI | FinTech, InsurTech | Digital Health | Enterprise IT

📍 San Francisco, California, United States🔄 Updated September 2026💼 19 investments📅 16 years investing🗓 Last invested Jan 2025𝕏 @upgrade_to_unlock
VC🌍 United States
19
Total investments
3
Early stage
10
Mid stage
4
Late stage
16y
Years active

Portfolio

19 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Investor
2025
In aerospace, nothing launches without verification. Drata applies that same mission-grade discipline to business trust—so it’s always ready before the moment of launch.
Investor
2022
The world is moving toward more standardized, open, and interconnected data systems. However, employment infrastructure remains complex, closed, and fragmented. Our mission is to democratize access to the infrastructure that underpins the employment sector and unlock much-needed innovations and create tremendous economic activities for both employers and employees. Finch is a Series B company with $62 Million+ in total funding and is backed by Menlo Ventures, General Catalyst, QED, Intuit Ventures, and Y Combinator.
Board Observer
2021
Angle Health isn’t just another health plan or TPA – we’re a frictionless health plan experience based in San Francisco, CA. Born in 2019 from a shared frustration with the status quo, we’ve modernized the health insurance experience. Our new angle? An AI-enabled, full-stack health platform with lightning-fast implementation. As your trustworthy partner in health, we bring transparency, simplicity, and humanity to healthcare so people can live their best lives. That’s why we make it easy. With Angle Health, you’ll enjoy unlimited access to our reliable and compassionate team of healthcare professionals who will guide you every step of the way. Interested in learning more? Visit anglehealth.com.
early stageInsurance
Board Observer
2021
Deed is a workplace giving and volunteering platform that puts people first, because user experience shouldn’t stand between you and doing good. We foster genuine human connection across departments and time zones by empowering employees to support causes they care about together, both in-person and online. We help social impact and DEIB teams alike to centralize all their programming, from emergency fundraisers to fun volunteering events, and engage diverse employee resource groups. Everyone’s passion can be met; Deed showcases over two million nonprofits and counting. Our vast payment infrastructure is backed by trusted names like PayPal, who securely process billions in donations per year—to help you give with ease and confidence. Now imagine all your community’s good deeds happening on a single, exceptionally designed platform—with you at the switchboard, watching an enterprise transform into a more positive force in the world.
Investor
2021
Founded in 2013 by Military Veterans, Unite Us is the nation’s premier technology provider for integrating health and community-based care. Our proven product suite is used to proactively identify needs using advanced analytics, coordinate services between sectors in real-time, streamline referral and case management, and facilitate eligibility assessments and reimbursements across government, healthcare, health plans, and community organizations. The first of its kind, our closed-loop referral system prioritizes privacy and dignity and has integrated data and analytics tools used to measure impact, optimize programs, and shape policy. We host the nation’s largest outcomes-focused network built on accountability and trust, delivering more than 1.7M community-based health and economic services dedicated to improving whole-person health. We are your partner for integrating health and human services.
Board Observer
2020
Powering the future of work, one mom at a time. When moms win, we all win. At The Mom Project, we believe in the power of mom. Diverse. Talented. Committed. Moms are a force–a workforce. And their moment is now. We're creating a future of work that works for everyone. Smart companies know the truth: That moms take care of business and beyond. That no two careers look the same. That parenting skills sharpen business skills. We know that when mom thrives, families thrive, business thrives, society thrives...and things change for the better.
Investor
2020
Moov makes it easy for businesses to accept, store, send, and spend – all in one platform. Gone are the days of stitching together multiple vendors to move money. While most payment providers only handle part of the payment picture, Moov orchestrates the entire money movement story from start to finish, giving software companies visibility and control over the whole experience. As a modern money movement platform, Moov offers a simple, powerful, and scalable way to integrate payments into products. Moov is uniquely a payment Processor, issuer, registered PayFac, program manager, and technology provider, making it an all-in-one payment solution for businesses wanting to facilitate complex money movement as quickly and securely as possible.
Board Observer
2018
Hopper is a global travel platform that powers Hopper’s mobile app, as well as partners direct channels via HTS (Hopper Technology Solutions). Hopper combines a best-in-class travel agency, industry-leading e-commerce, and proprietary financial services to help users travel better — and partners earn more. To do this, the company developed several unique fintech ancillaries that address everything from pricing volatility to avoiding trip disruptions. Through HTS, Hopper’s B2B business, the company supercharges its partners’ direct channels with its full suite of offerings. Hopper sells billions worth of travel and travel fintech every year. The Hopper app has over 120 million downloads, and 70% of users are Gen-Z and Millennials travelers. HTS powers many of the world’s leading brands with travel fintech ancillaries, partner-branded travel portals, and industry-leading e-commerce. Hopper’s proprietary fintech ancillaries include Price Freeze, Cancel for Any Reason, and Premium Disruption Assistance. To find out more about the Hopper app, visit Hopper.com; for more on HTS, visit hts.hopper.com.
Board Observer
2018
Immuta is The Data Provisioning Company, helping organizations safely and intelligently deliver governed data access to every consumer, human or AI. Since 2015, we’ve helped Fortune 500 companies and government agencies automate data provisioning at enterprise scale. As data demand surges and AI adoption accelerates, manual ticketing systems can’t keep up. Immuta removes these bottlenecks by automating the entire access lifecycle, from policy enforcement to request handling, delivery, audit, and recertification. What Immuta Does - Automates data provisioning by policy (birthright) and by request (governed self-service). - Writes policies once, enforces everywhere with native integrations across warehouses, storage, BI, and catalogs. - Delivers secure access in minutes, not months while maintaining continuous compliance. - Supports humans and AI agents that need governed data at machine speed. How We Help - Faster time-to-data: Reduce access delays from weeks to minutes with automated approvals and birthright access. - Less manual governance: Eliminate repetitive policy work and ticket triage for IT, stewards, and data owners. - Continuous compliance: Unified audit + automated recertification keep access accurate over time. - AI-ready provisioning: Governed access for LLMs, agents, and machine-driven workflows. Core Provisioning Workflows - Policy Authoring: Write once, enforce everywhere. Go from weeks of engineering to minutes. - Data Identification & Classification: Auto-detect and tag sensitive data to drive decisions. - Access Request Management: Governed self-service with automated approvals. - Behavior Monitoring: Detect unusual or risky access patterns in real time. - Unified Audit: See who accessed what, when, and why, in minutes, not days. The Outcome Organizations unlock data faster, reduce risk, and scale AI safely, with governed access delivered at the speed of need.
Investor
2017
DataRobot is the Value-Driven AI company, empowering organizations to accelerate AI from idea to impact. With over a decade at the forefront of AI innovation, we know what it takes to make a real difference – to your bottom line, to your business vision, and to the world around us. Our open, end-to-end AI lifecycle platform allows your organization to quickly build, securely operate, and confidently govern your entire AI landscape from a single, unified experience. Organizations across industries and geographies trust DataRobot to help solve their biggest challenges with AI, leveraging generative and predictive capabilities today while providing the flexibility to adapt to the innovations of tomorrow.
Investor
2017
HomeLight is building the future of real estate — today. We help the best real estate agents and loan officers in the U.S. close more deals and deliver better outcomes for homebuyers and sellers. Our suite of innovative products enables agents, lenders, and their clients to upgrade to all-cash offers, buy a new home before selling their current home, or create certainty through a modern closing process. Each year, HomeLight powers billions of dollars of residential real estate business for thousands of our partners. Our vision is a world where every real estate transaction is simple, certain, and satisfying for all. Founded in 2012, HomeLight is a privately held company with offices in Scottsdale, San Francisco, New York, and Seattle, with backing from prominent investors including Zeev Ventures, Menlo Ventures, Group 11, Crosslink Capital, Bullpen Capital, Montage Ventures, Citi Ventures, Google Ventures, and others. HomeLight, Inc. is a licensed real estate broker in the State of California, DRE license # 01900940
mid stageReal Estate
Investor
2016
Feedzai powers trust in global finance with our AI-native financial crime prevention platform, protecting the moments where money matters most at massive scale. Our platform works tirelessly to protect every customer interaction, processing 90 billion events and securing $8 trillion in payments every year. Our modern RiskOps approach unifies Data, AI, and Control to secure the entire customer journey, offering protection across fraud prevention, identity, and AML. Top leaders and organizations in banking and payments trust us to help them build institutional confidence, ensure compliance, and modernize their risk infrastructure globally. Beyond the platform, our clients gain expert insights backed by 10 years of AI research and a global team of behavioral experts, practitioners, and data scientists. This collective intelligence turns billions of data points into a powerful, well-rounded defense. Feedzai has recently reached a valuation of $2 billion, marking us as a leader in the industry. Our mission is clear: we are building a world where financial institutions move faster than criminals, a world where fraud and risk leaders can solve problems by the billions. Our technology protects 1 billion consumers and 90 billion transactions each year.
Board Observer
2016
Braze is the leading customer engagement platform that empowers brands to Be Absolutely Engaging.™ Braze allows any marketer to collect and take action on any amount of data from any source, so they can creatively engage with customers in real time, across channels from one platform. From cross-channel messaging and journey orchestration to Al-powered experimentation and optimization, Braze enables companies to build and maintain absolutely engaging relationships with their customers that foster growth and loyalty. The company has been recognized as a 2024 U.S. News & World Report Best Companies to Work For, 2024 Best Small & Medium Workplaces in Europe by Great Place to Work®, 2024 Fortune Best Workplaces for Women™ by Great Place to Work® and was named a Leader by Gartner® in the 2024 Magic Quadrant™ for Multichannel Marketing Hubs and a Strong Performer in The Forrester Wave™: Email Marketing Service Providers, Q3 2024. Braze is headquartered in New York with 15 offices across AMER, LATAM, EMEA, and APAC. Learn more at braze.com.
Investor
2016
Plaid is a data network that powers the tools millions of people rely on to live a healthier financial life. Plaid works with thousands of companies like Venmo, SoFi, and Betterment, several of the Fortune 500, and many of the largest banks to make it easy for people to connect their financial accounts to the apps and services they want to use. Plaid’s network covers more than 12,000 financial institutions across the US, Canada, UK and Europe. Headquartered in San Francisco, the company was founded in 2013 by Zach Perret and William Hockey.
Board Observer
2016
Tealium helps companies collect, govern, and enrich their customer data in real-time to power AI initiatives and delight customers in the moments that matter. Tealium’s turnkey integration ecosystem supports more than 1,300 built-in connections from the world’s most prominent technology experts. Tealium’s solutions include a real-time customer data platform (CDP) with intelligent AI data streaming, tag management, and an API hub. Tealium’s data collection, management, and activation capabilities enable enterprises to accelerate operating performance, enhance customer experiences, drive better outcomes, and support global data compliance. Named as a Leader in the 2024 & 2025 Gartner® Magic Quadrant for Customer Data Platforms™, more than 850 leading businesses globally trust Tealium to power their customer data strategies.
Show all 19 investments ↓
Experience · 31 entries
All (31)
Investments (19)
Founder (1)
Board (9)
2025
Advisor
2025
Mighty Capital is the VC firm that leverages the Product Alpha Effect, a data-backed way to produce outliers by reading product signals from a 600,000-product-leader network. Founded in 2018 by SC Moatti, a product visionary and former Meta product leader, and Jennifer Vancini, an idea-to-IPO veteran of tech investing, we bring a differentiated edge to venture. Through Moatti’s 600,000-strong Products That Count network of product leaders, we see trends before others do, giving us a proprietary advantage in sourcing, diligence, and post-investment value creation. Our early-stage B2B tech portfolio speaks for itself: 1 in 5 companies is a category leader like Amplitude (NASDAQ:AMPL), Groq, and Netskope (NASDAQ:NTSK). Founders consistently call us the most value-add investor on their cap table, and use our global product ecosystem as a marketplace to accelerate time to revenue, scale, and exit. Anchored by GCM Grosvenor, we’re deploying Fund III with both prior funds in top decile DPI and TVPI, $20B+ in value created, and 6 IPOs to date. Learn more at Mighty.Capital.
Investor
2025
In aerospace, nothing launches without verification. Drata applies that same mission-grade discipline to business trust—so it’s always ready before the moment of launch.
2022
Investor
2022
The world is moving toward more standardized, open, and interconnected data systems. However, employment infrastructure remains complex, closed, and fragmented. Our mission is to democratize access to the infrastructure that underpins the employment sector and unlock much-needed innovations and create tremendous economic activities for both employers and employees. Finch is a Series B company with $62 Million+ in total funding and is backed by Menlo Ventures, General Catalyst, QED, Intuit Ventures, and Y Combinator.
2021
Board Observer
2021
Angle Health isn’t just another health plan or TPA – we’re a frictionless health plan experience based in San Francisco, CA. Born in 2019 from a shared frustration with the status quo, we’ve modernized the health insurance experience. Our new angle? An AI-enabled, full-stack health platform with lightning-fast implementation. As your trustworthy partner in health, we bring transparency, simplicity, and humanity to healthcare so people can live their best lives. That’s why we make it easy. With Angle Health, you’ll enjoy unlimited access to our reliable and compassionate team of healthcare professionals who will guide you every step of the way. Interested in learning more? Visit anglehealth.com.
early stageInsurance
Board Observer
2021
Deed is a workplace giving and volunteering platform that puts people first, because user experience shouldn’t stand between you and doing good. We foster genuine human connection across departments and time zones by empowering employees to support causes they care about together, both in-person and online. We help social impact and DEIB teams alike to centralize all their programming, from emergency fundraisers to fun volunteering events, and engage diverse employee resource groups. Everyone’s passion can be met; Deed showcases over two million nonprofits and counting. Our vast payment infrastructure is backed by trusted names like PayPal, who securely process billions in donations per year—to help you give with ease and confidence. Now imagine all your community’s good deeds happening on a single, exceptionally designed platform—with you at the switchboard, watching an enterprise transform into a more positive force in the world.
Show all 31 entries ↓
Investment activity
2010–2025 · 19 investments
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