# Cendana Capital: portfolio, investments and team

> Cendana Capital is a fund of funds based in United States. 8 investments on record, latest Nov 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/cendana-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Cendana Capital

Filed with the SEC to raise a fund in Mar 2025, closing $400M. Last cheque observed Nov 2019.

Email

Quiet New fund $400M, Mar 2025 Fund of funds

Seed Series A Series B Venture Capital

Follow Cendana Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcendana-capital)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 8 on record

Since the last cheque **2544** days **00** hrs **00** min **00** sec

Median round **$25M** Rounds led **0 of 8** Mostly in **United States, 88%**

Pitch Cendana Capital

## Cendana Capital highlights

- 01 8 rounds on record
- 02 Mostly Series A and Series C: 86% of its rounds

## What they do

> We provide strategic, high conviction capital to very early stage VC funds globally. From their own website

- **Type:** Fund of funds
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Venture Capital
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2019** 2 rounds
- **Nov** **[Loft Orbital](https://millionrounds.com/company/loft-orbital)** Series A · US · Forbes **$13M** With 5 others
- **May** **[Tempo Automation](https://millionrounds.com/company/tempo-automation)** Series C · US · FinSMEs **$45M** With 5 others
- **2018** 3 rounds
- **Nov** **[Wonolo](https://millionrounds.com/company/wonolo)** Series C · US · FinSMEs **$32M** With 4 others
- **Aug** **[Arcadia](https://millionrounds.com/company/arcadia)** Series B · US · FinSMEs **$25M** With 5 others
- **May** **[Alpha](https://millionrounds.com/company/alpha)** US · VentureBeat **$10M** With 3 others
- **2015** 1 round
- **Aug** **[Metavine](https://millionrounds.com/company/metavine)** Series A · US **$5.5M** With 1 other
- **2014** 1 round
- **Aug** **[Casper](https://millionrounds.com/company/casper)** Series A · US **$13M** With 12 others
- **2013** 1 round
- **Dec** **[DataSift](https://millionrounds.com/company/datasift)** Series C · GB · techcrunch.com **$42M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

JA **Jon Albert Coquia** Chief Compliance Officer i Form ADV

MK **Michael Kihyun Kim** Manager of the General Partner i Filing they signed

We also hold **10** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.4B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Cendana Capital Management, LLC
- **SEC number:** CRD 165555

Funds on its Form ADV

**13** private funds, **$2.0B** in gross assets · filed Feb 2024

- Cendana Longhorns, L.P. *Venture* 1 investor $642M
- Cendana Capital V, L.P. *Venture* 135 investors $334M
- Cendana Capital IV, L.P. *Venture* 118 investors $252M
- Cendana Capital III, L.P. *Venture* 44 investors $160M
- Cendana Capital II, L.P. *Venture* 60 investors $155M
- Cendana Blackbird, L.P. *Venture* 1 investor $134M
- Cendana Capital, L.P. *Venture* 32 investors $114M
- Cendana International II, L.P. *Venture* 76 investors $68M
- Cendana Investments II, L.P. *Venture* 44 investors $59M
- Cendana Investments, L.P. *Venture* 35 investors $39M

And 3 more on the filing.

Funds they back

## 32 fund commitments on record

- **Managers:** 23

Every fund on record that it has committed money to, and the managers who invest it. Source: an LP list.

Managers it backs most

- [01 Ventures 1 fund](https://millionrounds.com/fund/01-ventures)
- [11.2 Ventures 1 fund](https://millionrounds.com/fund/11-2-ventures-llc)
- [Accelerator Ventures 1 fund](https://millionrounds.com/fund/accelerator-ventures)
- [Better Tomorrow Ventures 1 fund](https://millionrounds.com/fund/better-tomorrow-ventures)
- [Bowery Capital 1 fund](https://millionrounds.com/fund/bowery-capital)
- [Collaborative Fund 1 fund](https://millionrounds.com/fund/collaborative-fund)
- [Engineering Capital 1 fund](https://millionrounds.com/fund/engineering-capital)
- [Forerunner Ventures 1 fund](https://millionrounds.com/fund/forerunner-ventures)
- [Founder Collective 1 fund](https://millionrounds.com/fund/founder-collective)
- [Freestyle Capital 1 fund](https://millionrounds.com/fund/freestyle)
- [Golden Ventures 1 fund](https://millionrounds.com/fund/golden-ventures)
- [IA Ventures 1 fund](https://millionrounds.com/fund/ia-ventures)

Most recent commitments

- [01 Ventures](https://millionrounds.com/fund/01-ventures)
- [11.2 Ventures](https://millionrounds.com/fund/11-2-ventures-llc)
- [Accelerator Ventures](https://millionrounds.com/fund/accelerator-ventures)
- [Better Tomorrow Ventures](https://millionrounds.com/fund/better-tomorrow-ventures)
- Blackbird Ventures
- Bolt VC
- [Bowery Capital](https://millionrounds.com/fund/bowery-capital)
- Cherubic Ventures
- [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund)
- [Engineering Capital](https://millionrounds.com/fund/engineering-capital)
- Entree Capital
- [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures)
- [Founder Collective](https://millionrounds.com/fund/founder-collective)
- [Freestyle Capital](https://millionrounds.com/fund/freestyle)

And 18 earlier commitments.

New fund on file

**$400M**

raised in Mar 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$25M** the round, not its cheque

Led 0 of 8 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Nov 2019

Rounds by stage said on their site

- Series A said *3*
- Series C *3*
- Series B said *1*
- Seed said *-*
- Growth said *-*

Cheques by year Led Joined

2013 2019

Often in the room with

- [Crosslink Capital](https://millionrounds.com/fund/crosslink-capital) 2
- [Uncork Capital](https://millionrounds.com/fund/uncork-capital) 2

**Pitching Cendana Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Cendana Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Crosslink Capital** VC firm **2** rounds together](https://millionrounds.com/fund/crosslink-capital)[**Uncork Capital** VC firm **2** rounds together](https://millionrounds.com/fund/uncork-capital)

## Recently backed

The latest companies Cendana Capital put money into.

[**Loft Orbital** $13M · Nov 2019](https://millionrounds.com/company/loft-orbital)[**Tempo Automation** $45M · May 2019](https://millionrounds.com/company/tempo-automation)[**Wonolo** $32M · Nov 2018](https://millionrounds.com/company/wonolo)[**Arcadia** $25M · Aug 2018](https://millionrounds.com/company/arcadia)[**Alpha** $10M · May 2018](https://millionrounds.com/company/alpha)

## On podcasts

6 episodes naming Cendana Capital in the title, and 4 more that mention it.

- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 29 Apr 2025 · 35 min E159:How a 24-Year-Old VC Landed Cendana Capital as a Limited Partner w/Paige Doherty With [Paige Doherty](https://millionrounds.com/person/paige-doherty) Mentions [Cendana Capital](https://millionrounds.com/fund/cendana-capital)[Genius Ventures](https://millionrounds.com/fund/genius-ventures-2) Apple PodcastsShow page
- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 5 Jun 2024 · 51 min Limited Partner Unlocked: Michael Kim Cendana Capital on the Emerging Manager landscape, fundraising, and the need for liquidity With [Michael Kim](https://millionrounds.com/person/michael-kim-2) Mentions [Cendana Capital](https://millionrounds.com/fund/cendana-capital)[Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) Apple PodcastsShow page
- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 18 Sept 2023 · 51 min E10: Michael Kim | Founder of Cendana Capital on How Small VC Funds Can Return 200X+ With [Michael Kim](https://millionrounds.com/person/michael-kim-2) Mentions [Cendana Capital](https://millionrounds.com/fund/cendana-capital)[AngelList](https://millionrounds.com/fund/angellist)[IA Ventures](https://millionrounds.com/fund/ia-ventures) *+2* Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 16 Jun 2020 · 1h 14m E1075: Cendana Capital's Michael Kim on investing in Seed funds as a serial LP, Robinhood as an acquisition target, greatest Seed funds of all time & more With [Michael Kim](https://millionrounds.com/person/michael-kim-2) Mentions [Cendana Capital](https://millionrounds.com/fund/cendana-capital) Apple PodcastsShow page
- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 21 Feb 2017 · 48 min Graham Pingree, Cendana Capital Mentions [Cendana Capital](https://millionrounds.com/fund/cendana-capital)[Founder Collective](https://millionrounds.com/fund/founder-collective)[IA Ventures](https://millionrounds.com/fund/ia-ventures) *+1* Apple PodcastsShow page
- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 26 Jul 2016 · 53 min Michael Kim, Cendana Capital With [Michael Kim](https://millionrounds.com/person/michael-kim-2) Mentions [Cendana Capital](https://millionrounds.com/fund/cendana-capital)[Founder Collective](https://millionrounds.com/fund/founder-collective)[IA Ventures](https://millionrounds.com/fund/ia-ventures) *+1* Apple PodcastsShow page

### Mentioned in

- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 8 Jul 2026 · 1h 6m Why Data Is the Next $1 Trillion Market Apple PodcastsShow page
- [Superclusters](https://millionrounds.com/podcasts/superclusters) 11 Aug 2025 · 1h 24m How to Increase Dialogue with your LPs | El Pack w/ Kelli Fontaine | Superclusters Apple PodcastsShow page
- [The Peel](https://millionrounds.com/podcasts/the-peel) 22 May 2025 · 1h 55m Michael Kim @ Cendana | Lessons from the Top VCs, How Cendana Does Diligence, Portfolio Construction Best Practices, the 60x Rule, How Seed Funds Compete vs Multi-stage, Inside Cendana's Early Days Apple PodcastsShow page
- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 18 Mar 2025 · 25 min The rise of secondaries and seed-stage liquidity with Michael Kim Apple Podcasts

## Quick answers about Cendana Capital

### What does Cendana Capital invest in?

Cendana Capital invests most often at Series A and Series C (86% of the rounds on record), in sectors such as Venture Capital.

### How active is Cendana Capital?

8 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2019.

### What has Cendana Capital invested in recently?

Its most recent investments on record: Loft Orbital (Series A, Nov 2019), Tempo Automation (Series C, May 2019) and Wonolo (Series C, Nov 2018).

### How big are Cendana Capital's cheques?

The median round it joins is $25M.

### Does Cendana Capital lead rounds?

Rarely, if at all: none of its 8 investments on record names it as the lead.

### Where does Cendana Capital invest?

Most of the companies it backs are in the United States (88%) and the United Kingdom (13%).

### Is Cendana Capital investing now?

No investments in the last 12 months; the latest was in Nov 2019.

### Who does Cendana Capital invest alongside?

Most often Crosslink Capital (2 rounds together) and Uncork Capital (2 rounds together).

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