Cendana Capital

Fund-of-Funds

United States

Verified

Cendana Capital has 5 documented commitments across 5 funds as of 2025. Typical fund size Under 25M. 1 of them was a first or second fund. Most active in United States, United Kingdom.

Distinct funds backed5

Typical fund sizeUnder 25M

First or second funds backed1

LPs seen in the same funds1

Sectors backedSeed, Solo GP

Active on record2025

Documented commitments5

HeadquartersUnited States

Geographic focusGlobal, seed-stage managers · United States · United Kingdom

Most recent fund backedBaobab Ventures Fund I

Emerging managers backed1

Mandate

One of the oldest fund-of-funds dedicated to seed-stage funds, founded in 2010 by Michael Kim as the first fund-of-funds built entirely around Fund I and II theses. Roughly USD 2bn under management, closed USD 470M across multiple funds in December 2025. Typical core position USD 10 to 20M, taken as lead rather than a passive co-signer. First fund's net return, by its own account, 4.2x with 2.2x distributed. Early positions include IA Ventures, Forerunner, Lerer Hippeau and K9.