Cendana Capital

Cendana Capital is a San Francisco-based fund of funds specializing in very early-stage venture capital investments globally. Founded in 2010, the firm has raised over $2.7 billion in assets under management, investing in more than 5,500 companies, including over 155 unicorns. Their portfolio includes companies such as Photon, CruxOCM, Human Interest, Chapter, Lily AI, Mechanical Orchard, Ruby Robotics, Arrow, Kyndi, and Particle. In March 2025, Cendana Capital launched its sixth fund, Cendana 6, surpassing a $400 million hard cap in its fastest-ever fundraise. The fund received strong support from institutional LPs, including two public pension funds, and is designed to leverage Cendana’s experience and pattern recognition built over 15 years in early-stage venture investing. The firm is particularly focused on mission-driven investors, including public pension funds and educational or non-profit organizations. Cendana Capital's strategy centers on partnering with early-stage funds, focusing on very early-stage venture capital. This involves being the lead investor in seed and pre-seed funds and making concentrated investments to provide high ownership in portfolio companies. The firm emphasizes collaboration with both General Partners (GPs) and Limited Partners (LPs), leveraging unique networks and domain expertise to find exceptional founders. Notable exits include Next Trucking, Kyndi, Bonobos, Tempo Automation Holdings, JackThreads, Grove Collaborative, Feedback Loop, LendUp, Deliv, and Emailage.