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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.

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News

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June 24, 2021
WebWire
Dynamo Ventures, a seed stage fund investing globally in supply chain and mobility startups, today announced it has raised a $43.21 million Fund II to double down on founders digitizing the supply chain from manufacturing to last mile delivery. This follows the firm's $18 million Fund I, which was raised in 2016 and has been fully invested. Early investments in Fund II include drone delivery startup Manna Aero, decision science platform to optimize delivery operations, Nextmv, and inter...
Mike Butcher
May 6, 2021
TechCrunch
During the pandemic, we've seen the rise of 'Zoom investing' - where VCs literally use remote video conference tools like Zoom and Google Meet to take pitches from entrepreneurs. Now a new European Seed fund plans to leverage that emerging behavior and bake it into their model. Mattias Ljungman, the former co-founder of Atomico formed [...]
Mike Butcher
May 6, 2021
TechCrunch
During the pandemic, we've seen the rise of 'Zoom investing' - where VCs literally use remote video conference tools like Zoom and Google Meet to take pitches from entrepreneurs. Now a new European Seed fund plans to leverage that emerging behavior and bake it into their model. Mattias Ljungman, the former co-founder of Atomico formed [...]
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 [...]

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