Cendana Capital
Emerging managerSEC-registered investment adviser.
- HQ
- CA
Cendana Capital provides strategic, high conviction capital to very early stage VC funds globally. It focuses on funds with a discernible edge, which it says helps GPs secure outsized ownership in companies led by strong founders. The firm makes commitments in the range of its check size guidance. Its team includes founders, partners, a principal, and investment associates across San Francisco, Boston, and New York.
New fund likely raising soon
The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Pre-seed, Seed | Not enough dated deals | Series A, Series B, Growth |
| Sectors | Not stated | Not enough dated deals | Enterprise SaaS, Mobility, Energy |
| Regions | Global | Not enough dated deals | CA, NY |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2013 | 2 | Data analytics, Enterprise SaaS |
| 2014 | 1 | Consumer, Ecommerce |
| 2015 | 1 | Enterprise SaaS, Hardware |
| 2016 | 3 | Enterprise SaaS, Fintech, Healthtech |
| 2017 | 4 | Mobility, Aerospace and defense, Ecommerce |
| 2018 | 4 | Energy, Enterprise SaaS, HR and future of work |
| 2019 | 1 | Aerospace and defense, Space |
| 2020 | 2 | Enterprise SaaS, Manufacturing, Mobility |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2013 | 0 | 0 | 1 | 0 | 1 |
| 2014 | 0 | 0 | 1 | 0 | 0 |
| 2015 | 0 | 0 | 1 | 0 | 0 |
| 2016 | 0 | 0 | 1 | 0 | 1 |
| 2017 | 0 | 0 | 1 | 2 | 0 |
| 2018 | 0 | 0 | 1 | 2 | 1 |
| 2019 | 0 | 0 | 1 | 0 | 0 |
| 2020 | 0 | 1 | 0 | 1 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Cendana Investments III, LP | 2021 | $30.38M (Form D) | Follow-ons only |
| Cendana International II, L.P. | 2021 | $67.65M (Form D) | Follow-ons only |
03 · People across funds
- Michael Kim, Manager of the General Partner
Cendana Investments III, LP (Named on Form D); Cendana International II, L.P. (Named on Form D)
- Anoushka Patel, Investment Associate
Cendana Investments III, LP (Team); Cendana International II, L.P. (Team)
- Graham Pingree, Partner
Cendana Investments III, LP (Team); Cendana International II, L.P. (Team)
- Kelli Fontaine, Partner
Cendana Investments III, LP (Team); Cendana International II, L.P. (Team)
- Tess Gong, Senior Investment Associate
Cendana Investments III, LP (Team); Cendana International II, L.P. (Team)
- Thomas Ikeda, Principal
Cendana Investments III, LP (Team); Cendana International II, L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.cendanacapital.com/
- https://www.cendanacapital.com/our-approach
- https://www.cendanacapital.com/our-team
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 25, 2026