Michael Kim Discusses Cendana Capital's Latest Fundraise
Funding | Mar 18, 2025 | Cendana Capital
Michael Kim, founder of Cendana Capital, joined TechCrunch Editor in Chief Connie Loizos and StrictlyVC's Alex Gove to discuss the current state of the venture capital landscape on StrictlyVC Download. Cendana Capital, a fund of funds with $2.6 billion under management, specializes in seed and pre-seed funds, supporting successful emerging managers. The discussion highlights Cendana's recent $600 million fundraise, the increasing popularity of secondaries in venture capital and their effect on investment returns. Kim also elaborates on the criteria Cendana employs when backing a new manager or small team. Additionally, the conversation explores how artificial intelligence is transforming the startup ecosystem, offering new opportunities and challenges for investors and innovators.
Sectors
- Venture Capital
- Artificial Intelligence
Geography
- United States – Cendana Capital, operating in the venture capital space, is based in the United States, impacting startups and innovation primarily within this geography.
Industry
- Venture Capital – Cendana Capital operates as a fund of funds specializing in seed and pre-seed investments, a cornerstone of the venture capital industry.
- Artificial Intelligence – The article discusses the transformative impact of AI on the startup ecosystem, a key area of interest for VC investments and innovation.
Financials
- $2.6 billion – Total assets under management by Cendana Capital.
- $600 million – The amount recently raised by Cendana Capital in their latest fundraising round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Michael Kim | Founder | Person | Michael Kim is the founder of Cendana Capital, a venture capital fund of funds. |
| Cendana Capital | Venture Capital Firm | Company | Cendana Capital is a fund of funds, managing $2.6 billion in assets, focusing on seed and pre-seed investment stages. |