Cendana Capital

Cendana Capital

Cendana Capital is an investment company specialized in seed- and early-stage venture investments.

Company Overview

Cendana Capital is an investment firm specializing in direct and fund of fund investment. It seeks to invest in private equity and venture capital funds including angel funds, institutional seed funds, and micro-cap funds. In venture capital fund, it seeks to invest in funds that invest in startup and late venture businesses. It seeks to invest in the Fintech sector. The firm typically allocates between $5 million and $10 million per investment and invests between 10 percent and 20 percent in venture funds, and the remaining in distressed debts and small and mid-sized buyout funds. Cendana Capital was founded in 2009 and is based in San Francisco, California.

History

Cendana Capital is a "next generation funds-of-funds" founded by Michael Kim in 2009. Based in San Francisco, Cendana Capital invests in seed VC funds.

Currently, Cendana is on the LP Advisory Boards of Accelerator Ventures, Bolt VC, Bowery Capital, Cherubic Ventures, Collaborative Fund, Engineering Capital, Forerunner Ventures, Founder Collective, Freestyle Capital, IA Ventures, K9 Ventures, Lerer Hippeau, MHS Capital, Mucker Capital, NextView Ventures, Root Ventures, Susa Ventures, PivotNorth Capital, Uncork Capital (fka SoftTech VC) and Wave Ventures.

Investments

Cendana Capital has made 14 investments. One of their investments was on Oct 23, 2018, when they invested $15M in FILLD. Cendana Capital has raised a total of $457.3M across 8 funds, one of them being Cendana Blackbird, LP. This fund was announced on Apr 5, 2017, and raised a total of $75M.

Timeline

October 23, 2018
FILLD

$15M

April 5, 2017
Cendana Blackbird, LP.

$75M.

Funded Companies

Company
Description
Industry
Website
Location
Maxwell Health

An insurance technology company offering a platform for employee benefits and insurance.

Arcadia Power is a home energy company offering clean energy and energy savings founded by Kiran Bhatraju and Ryan Nesbitt.

DataSift is a company founded by Nicholas Halstead.

Tempo Automation is a software-driven factory using data, analytics and automation for prototyping in hardware development environments to manufacture printed circuit board assemblies.

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News

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Date
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Connie Loizos
April 1, 2021
TechCrunch
Cendana Capital, a San Francisco-based fund of funds manager, has amassed stakes in more than 100 venture firms since launching in 2010. For the most part, it did this by focusing on managers who are raising funds of $100 million or less in capital, even foregoing stakes in beloved outfits like Forerunner Ventures and Uncork [...]
Connie Loizos
November 13, 2020
TechCrunch
It's no secret that a massive digital transformation is happening within financial services companies and amid the growing number of non-financial outfits that are also adding financial products to their offerings. Still, Sheel Mohnot formerly a general partner at the fintech fund of 500 Startups, and Jake Gibson, co-founder of personal finance startup NerdWallet, were [...]
Connie Loizos
July 1, 2020
TechCrunch
When in 2010, former VC Michael Kim set out to raise a fund that he would invest in a spate of micro VC managers, the investors to which he turned didn't get it. Why pay Kim and his firm, Cendana Capital, a management fee on top of the management fees that the VC managers themselves [...]

References

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