At a Glance
Cendana Capital was founded by Michael Kim in 2010 as one of the first dedicated fund-of-funds focused on emerging venture capital managers. The firm pioneered the model of backing first-time and emerging VC fund managers, recognizing that diverse backgrounds and fresh perspectives often lead to superior returns and access to underrepresented founders. Cendana typically invests $1-3M in micro-VC funds ranging from $10-50M in size. The firm has backed over 100+ emerging managers across multiple fund cycles, with their portfolio managers going on to invest in companies like Uber, Warby Parker, Ring, and Cruise. Kim's thesis is that emerging managers often outperform established funds due to their hunger, focus, and ability to access overlooked opportunities. The firm has become a kingmaker in the VC ecosystem, with many of their backed fund managers becoming household names in venture capital.
“Backs the next generation of venture fund managers by investing in emerging micro-VC funds with differentiated strategies.”
Cendana Capital primarily invests at the Pre-Seed, Seed stages. This means they focus on companies that are at the earliest idea or prototype phase.
Cendana Capital is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Cendana Capital focuses on investments in Enterprise, Consumer, AI, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
Cendana Capital's typical investment check size ranges from $3M to $15M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Cendana Capital manages approximately $1B in assets under management (AUM) across their funds.