# Cercano Management: portfolio, investments and team

> Cercano Management is a vc firm based in United States. 32 investments on record, 4 in the last 12 months, latest Sept 2026.

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

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

# Cercano Management

Last cheque observed Sep 2026; 32 cheques on record.

Email

Deploying now VC firm Website unconfirmed

Pre-seed Seed Series A Biotechnology Artificial Intelligence

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

Deploying now

**40%** of best year **4** **cheques in 12 months**, 32 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$10M** Cheque size, as they say **$500K – $5.0M** Rounds led **0 of 32** Sole investor **5 rounds** Mostly in **United States, 72%**

Pitch Cercano Management

## Cercano Management highlights

- 01 4 cheques in the last 12 months
- 02 Mostly Seed and Series A: 81% of its rounds
- 03 Sole investor in 5 rounds, median $5.8M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $500K – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Biotechnology Artificial Intelligence
- **Based in:** United States
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=cercano-management).

## The record

Every round we can evidence, newest first **32 appearances**

- **2026** 3 rounds
- **Sept** **[N&E Innovations](https://millionrounds.com/company/n-and-amp-e-innovations)** Series A · SG **$1.7M** Sole investor
- **Aug** **[Harell Data](https://millionrounds.com/company/harell-data)** Seed · US **$15M** With 1 other
- **Jun** **[Westmag](https://millionrounds.com/company/westmag)** Series A · US · Ventureburn **$11M** With 7 others
- **2025** 9 rounds
- **Nov** **[Accipiter Biosciences](https://millionrounds.com/company/accipiter-biosciences)** Seed · US · Columbus Venture Partners **$13M** With 8 others
- **Oct** **[Monod Bio](https://millionrounds.com/company/monod-bio)** Grant · US **$750K** Sole investor
- **Oct** **[Bronto](https://millionrounds.com/company/bronto)** Seed · IE **$14M** With 1 other
- **Oct** **[Provision](https://millionrounds.com/company/provision)** Seed · CA **$7.0M** With 4 others
- **Sept** **[Doorstep](https://millionrounds.com/company/doorstep)** Seed · US · TechCrunch **$8.0M** With 4 others
- **Aug** **[Agridence](https://millionrounds.com/company/agridence)** Venture · SG **Undisclosed** Sole investor
- **Jul** **[EduFund](https://millionrounds.com/company/edufund)** Series A **$6.0M** With 2 others
- **Mar** **[FDcare](https://millionrounds.com/company/fdcare)** Series A **$2.5M** With 1 other
- **Jan** **[Unwrap.ai](https://millionrounds.com/company/unwrap-ai)** Series A · US **$12M** With 1 other
- **2024** 8 rounds
- **Dec** **[Spine BioPharma](https://millionrounds.com/company/spine-biopharma)** Venture · US **$14M** With 1 other
- **Nov** **[Aizen Therapeutic](https://millionrounds.com/company/aizen-therapeutic)** Seed · US **$13M** With 1 other
- **Oct** **[watchTowr](https://millionrounds.com/company/watchtowr)** Series A · GB **$19M** With 4 others
- **Sept** **[AminoChain](https://millionrounds.com/company/aminochain)** Seed · US **$5.0M** With 4 others
- **Jul** **[Prophia](https://millionrounds.com/company/prophia)** Venture · US **Undisclosed** With 3 others
- **Jun** **[Inflection.io](https://millionrounds.com/company/inflection-io)** Venture · US **$7.6M** With 2 others
- **Apr** **[Prep](https://millionrounds.com/company/prep)** Series A **$7.0M** With 2 others
- **Feb** **[NLX](https://millionrounds.com/company/nlx)** Series A · US **$12M** With 3 others
- **2023** 4 rounds
- **Dec** **[Rhythms](https://millionrounds.com/company/rhythms)** Seed · US **$26M** With 2 others
- **Jul** **[Plerion](https://millionrounds.com/company/plerion)** Seed · AU **$10M** With 1 other
- **May** **[BandLab](https://millionrounds.com/company/bandlab)** Series B · SG **$25M** With 2 others
- **May** **[Groopit](https://millionrounds.com/company/groopit)** Seed · US **$6.5M** With 4 others
- **2022** 8 rounds
- **Dec** **[Mila Cares](https://millionrounds.com/company/mila-cares)** Series A · US **$10M** Sole investor
- **Dec** **[Prophia](https://millionrounds.com/company/prophia)** Series A · US **$10M** With 2 others
- **Dec** **[QuQo](https://millionrounds.com/company/quqo)** Seed · CO **$1.0M** With 1 other
- **Sept** **[flavrs](https://millionrounds.com/company/flavrs)** Seed · US **$7.0M** With 3 others
- **Jul** **[CivicEye](https://millionrounds.com/company/civiceye)** Series A · US **$12M** Sole investor
- **May** **[Revvo](https://millionrounds.com/company/revvo)** Seed · US **$6.0M** With 4 others
- **Feb** **[Kevala](https://millionrounds.com/company/kevala)** Series A · US **$12M** With 4 others
- **Jan** **[Pendulum Intelligence](https://millionrounds.com/company/pendulum-intelligence)** Seed · US **$5.9M** With 1 other

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 **6 named**

AF **Albert Firman Hwang** Exec Vp and Management Committee Member i Form ADV

CN **Christopher Neil Orndorff** President, Management Committee Member i Form ADV

GG **Gabrielle Glemann** General Counsel i Form ADV

JW **Joel William Shoop** Chief Financial Officer i Form ADV

MM **Malinda Mei-Yin Khauv** Chief Compliance Officer i Form ADV

YC **Yongbai Choi** Exec Vp and Management Committee Member i Form ADV

We also hold **7** 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

**$7.3B** assets it manages Oct 2026

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

- **Legal name:** Cercano Management LLC
- **SEC number:** CRD 315897

Funds on its Form ADV

**29** private funds, **$10B** in gross assets · filed Nov 2024

Venture **13** Hedge **5** Diversified private fund **5**

- Fifth Street Station LLC *Hedge* 2 investors $3.5B
- Cougar Investment Holdings LLC *Diversified private fund* 1 investor $1.9B
- PACF Holdco LLC *Diversified private fund* 1 investor $1.3B
- VC Asset Management LLC *Fund of funds* 2 investors $649M
- Aloysius Investments L.P. *Hedge* 1 investor $425M
- Cougar Continuation LLC *Private equity* 1 investor $369M
- Evergreen Credit Opportunities LLC *Hedge* 1 investor $360M
- VCVC V LLC *Venture* 2 investors $325M
- VC Capital Holdings Columbia LLC *Private equity* 2 investors $228M
- Palouse Investments LLC *Hedge* 2 investors $225M

And 19 more on the filing.

Funds they back

## 1 fund commitment on record

- **Managers:** 1

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

Managers it backs most

- [Wavemaker Partners 1 fund](https://millionrounds.com/fund/wavemaker-partners-3)

Most recent commitments

- [Wavemaker Partners Wavemaker Growth Opportunities Fund](https://millionrounds.com/fund/wavemaker-partners-3)

## The cheque

Pre-seed Seed Series A

Median round joined **$10M** the round, not its cheque Alone, median **$5.8M**

Led 0 of 32 rounds **0%**

- **Said size:** $500K – $5.0M
- **Sole investor:** 5 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *14*
- Series A said *12*
- Venture *4*
- Grant *1*
- Series B said *1*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital) 6
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 3
- [Madrona Venture Group](https://millionrounds.com/fund/madrona) 3
- [Prosus Ventures](https://millionrounds.com/fund/prosus-ventures) 3
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 2
- [Antler](https://millionrounds.com/fund/antler) 2

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

Add to your CRM *→*

## Who they invest alongside

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

[**Vulcan Capital** Family office **6** rounds together](https://millionrounds.com/fund/vulcan-capital)[**Alumni Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Madrona Venture Group** VC firm **3** rounds together](https://millionrounds.com/fund/madrona)[**Prosus Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/prosus-ventures)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Antler** VC firm **2** rounds together](https://millionrounds.com/fund/antler)[**Ascend** VC firm **2** rounds together](https://millionrounds.com/fund/ascend)[**Flying Fish Partners** VC firm **2** rounds together](https://millionrounds.com/fund/flying-fish-partners)[**SignalFire** VC firm **2** rounds together](https://millionrounds.com/fund/signalfire)

## Recently backed

The latest companies Cercano Management put money into.

[**Harell Data** $15M · Aug 2026](https://millionrounds.com/company/harell-data)[**Westmag** $11M · Jun 2026](https://millionrounds.com/company/westmag)[**Accipiter Biosciences** $13M · Nov 2025](https://millionrounds.com/company/accipiter-biosciences)[**Monod Bio** $750K · Oct 2025](https://millionrounds.com/company/monod-bio)[**Bronto** $14M · Oct 2025](https://millionrounds.com/company/bronto)[**Provision** $7.0M · Oct 2025](https://millionrounds.com/company/provision)

## Quick answers about Cercano Management

### What does Cercano Management invest in?

Cercano Management invests most often at Seed and Series A (81% of the rounds on record), in sectors such as Biotechnology and Artificial Intelligence.

### How active is Cercano Management?

32 investments on record, 4 of them in the last 12 months. The most recent was in Sept 2026.

### What has Cercano Management invested in recently?

Its most recent investments on record: N&E Innovations (Series A, Sept 2026), Harell Data (Seed, Aug 2026) and Westmag (Series A, Jun 2026).

### How big are Cercano Management's cheques?

The median round it joins is $10M. It says it writes cheques of $500K to $5.0M.

### Does Cercano Management lead rounds?

Rarely, if at all: none of its 32 investments on record names it as the lead.

### Where does Cercano Management invest?

Most of the companies it backs are in the United States (72%) and Singapore (10%).

### Is Cercano Management investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

### Who does Cercano Management invest alongside?

Most often Vulcan Capital (6 rounds together), Alumni Ventures (3 rounds together) and Madrona Venture Group (3 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=cercano-management) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=cercano-management)