🎤 Join our founder group to hear from firms like NEA on What it takes to raise a Series A?

Register
Cheryl Cheng

Cheryl Cheng

Managing Partner·M12 - Microsoft's Venture Fund

San Francisco

Bio

Professional summary

Cheryl Cheng is a Managing Partner at M12. Her official profile highlights a 16-year investing career across early to growth-stage software companies in healthcare, enterprise applications, and developer tools. Before joining M12, she founded and ran Vive Collective, a healthcare investment platform, and before that was a General Partner at BlueRun Ventures. Earlier in her career, she worked in brand management and marketing at The Clorox Company and The Sharper Image, and in technology mergers and acquisitions at Broadview International, covering enterprise software and semiconductors. She holds a B.A. in Public Policy from Stanford University and an MBA from Northwestern University’s Kellogg School of Management.

Investment focus

Stage, sector, and overall fit

Stage

early to growth-stage software companies

Sector

healthcareenterprise applicationsdeveloper toolssoftware

Thesis

HealthcareEnterprise applicationsDeveloper toolsEarly to growth-stage software

Notable companies

Selected portfolio companies the partner has backed

M12Vive CollectiveBlueRun VenturesThe Clorox CompanyThe Sharper ImageBroadview International

How to approach

Framing and angles for outreach

Pitch framing

Lead with healthcare software, enterprise workflow impact, or developer-tooling relevance, especially where clinical or operational adoption matters.

Personalization hooks

  1. 1Reference her healthcare investment platform experience through Vive Collective.
  2. 2Connect to Stanford Biodesign or design-led healthcare innovation if relevant.

Recent signals

What the partner has said or done recently

  • Official M12 profile lists healthcare as her current specialization.

Background

Career, education, and skills

Career history

  • M12, Microsoft's Venture FundManaging PartnerPresent

Education

  • Stanford UniversityB.A., Public Policy
  • Northwestern University, Kellogg School of ManagementM.B.A.

Skills

enterprise AIhealthcare investingfintechgrowth-stage investingregulated industries

Other partners at M12 - Microsoft's Venture Fund

12 more profiles

Alan Du

Alan Du

Partner

M12 - Microsoft's Venture Fund

M12 partner focused on AI applications, AI security, fintech, and enterprise software.

AI applicationsAI securityEnterprise SaaSFintechTech-enabled services
Alessandro Levi

Alessandro Levi

Partner

M12 - Microsoft's Venture Fund

M12 partner investing in AI, deep tech, next-generation computing, and semiconductors.

AIClimate techDeep techNext-generation computingRoboticsSemiconductors
Brian Zhao

Brian Zhao

Investment Team

M12 - Microsoft's Venture Fund

M12 investment team member focused on early-stage sourcing and diligence.

Deal sourcingDevOpsDue diligenceEarly-stage investingVertical SaaS
James Wu

James Wu

Partner

M12 - Microsoft's Venture Fund

Partner at M12 investing in business and infrastructure software across DevOps, data science, fintech, cybersecurity, and open source.

Business softwareCybersecurityData scienceDevOpsFintechInfrastructure softwareOpen SourceSecurity and Data
Michael Stewart

Michael Stewart

Managing Partner

M12 - Microsoft's Venture Fund

Michael Stewart is a Managing Partner at M12 focused on AI, deep tech, gaming, systems, and future compute.

gaminggenerative AIsystems
Michelle Gonzalez

Michelle Gonzalez

Corporate Vice President and Global Head

M12 - Microsoft's Venture Fund

Michelle Gonzalez is Corporate Vice President and Global Head of M12, Microsoft’s venture fund, based in San Francisco.

AIoverall strategy
Monica Lim

Monica Lim

Senior Associate

M12 - Microsoft's Venture Fund

M12 senior associate investing in early-stage AI applications and infrastructure.

AI applicationsAI infrastructureAI/MLB2B SaaSData infrastructureDeveloper tools
Peter Lenke

Peter Lenke

Managing Partner

M12 - Microsoft's Venture Fund

Peter Lenke is a Managing Partner at M12 based in San Francisco. His official M12 profile says he leads investments in AI applications, developer tools and enterprise opportunities, after previously serving as Head of Atlassian Ventures.

enterprise softwareplatform investments
PC

Peter Lenke, CFA

Managing Partner

M12 - Microsoft's Venture Fund

M12 managing partner investing in AI applications, developer tools, and enterprise software.

AI applicationsDeveloper toolsEnterprise softwareSeed to Series B
Priyanka Mitra

Priyanka Mitra

Partner

M12 - Microsoft's Venture Fund

M12 partner investing in vertical SaaS, DevOps, infrastructure, and enterprise software.

DevOpsEnterprise softwareHealth ITInfrastructureVertical SaaS
Shun Hagiwara

Shun Hagiwara

Senior Associate

M12 - Microsoft's Venture Fund

M12 senior associate focused on AI applications, AI infrastructure, and B2B SaaS.

AI applicationsAI infrastructureB2B SaaSEarly-stage investingVertical SaaS
Todd Graham

Todd Graham

Managing Partner

M12 - Microsoft's Venture Fund

Todd Graham is a Managing Partner at M12 focused on cybersecurity, developer tools, and cloud infrastructure.

cloud infrastructurecybersecuritydevtools