Technology »  Topic »  Cendana Capital, which has been backing seed funds for a decade, has $278 million more to invest

Cendana Capital, which has been backing seed funds for a decade, has $278 million more to invest


When in 2010, former VC Michael Kim set out to raise a fund that he would invest in a spate of micro VC managers, the investors to which he turned didn’t get it. Why pay Kim and his firm, Cendana Capital,  a management fee on top of the management fees that the VC managers themselves charge?

Fast forward to today, and Kim has apparently proven to his backers that he’s worth the extra cost. Three years after raising $260 million across a handful of vehicles whose capital he plugged into up-and-coming venture firms, Kim is now revealing a ...


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