Skip to content
    Cercano Management logo

    Cercano Management

    Bellevue, Washington, United StatesFounded 2003
    cercanolp.comLinkedIn
    Enterprise SoftwareBiotech & Life SciencesHealthcare

    Cercano Management (formerly Vulcan Capital) is the multi-billion-dollar investment management firm that originated as the investment arm of Microsoft co-founder Paul Allen's family office, Vulcan Inc. Spun out in 2021–2022, it now works with ultra-high net worth investors and family foundations, investing across technology, internet, and life sciences.

    Deal activity decreased year-over-year (1 deal in the last 12 months vs 3 prior). Average disclosed round size is $43.1M (across 150 rounds with reported amounts).

    Find people at Cercano Management on Goldilocks AI

    Portfolio

    119

    Fund Size

    —

    Top Stage

    Series A

    Last 12 Mo

    1

    Team

    AH

    Albert Hwang

    Partner, Co-Head of Private Investments

    CO

    Chris Orndorff, CFA

    Partner, Chief Executive Officer, Co-Chief Investment Officer

    JS

    Joel Shoop, CPA

    Partner, Chief Financial Officer

    MB

    Michelle Brant

    Partner, Head of Human Resources

    RR

    Rick Roberts

    Partner, Investment Management

    SN

    Stuart Nagae

    Partner, Co-Head of Venture Capital

    YC

    YB Choi

    Partner, Co-Head of Venture Capital

    TH

    Trish Halper, CFA

    Co-Chief Investment Officer

    MK

    Malinda Khauv, IACCP

    Chief Compliance Officer

    BK

    Ben Kolpa

    Managing Director, Fixed Income

    SL

    Sean Lobo

    Managing Director

    TH

    Todd Haberly

    Managing Director

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    163 investments
    CompanyRoundAmountDate
    Accipiter Biosciences logoAccipiter BiosciencesSeed$12.7MNov 2025
    DDoorstep AiSeed$8MSep 2025
    Provision logoProvisionSeed$7MJan 2025
    Accipiter logoAccipiterSeed$12.7MJan 2025
    DOORSTEP logoDOORSTEPSeed$8MJan 2025
    EEduFundSeries A$6MJan 2025
    Unwrap logoUnwrapSeries A$12MJan 2025
    ICON logoICONSeries C$56MJan 2025
    Aizen Therapeutics logoAizen TherapeuticsSeed$13MNov 2024
    Picnic Works, Inc. logoPicnic Works, Inc.Seed$5MOct 2024
    GC Therapeutics logoGC TherapeuticsSeries A$65MSep 2024
    NLX logoNLXSeries A$12MFeb 2024
    Neon logoNeonSeries E$129MJan 2024
    Rhythms logoRhythmsSeed$26MDec 2023
    Candidate logoCandidatePre-Seed$4MOct 2023
    Curve logoCurveSeries C—Sep 2023
    BandLab logoBandLabSeries B$25MMay 2023
    Groopit logoGroopitSeed—May 2023
    Groopit logoGroopitSeed$3.5MMay 2023
    Wellthy logoWellthySeries B$25.5MMay 2023
    Candidly logoCandidlySeries B$20.5MMar 2023
    Ferrum Health logoFerrum HealthSeed$6MJan 2023
    SwipeRx logoSwipeRxSeries A$10MJan 2023
    AdaptX logoAdaptXSeries A$10MJan 2023
    Plerion logoPlerionSeed$10MJan 2023
    Page 1 of 7

    Top Co-Investors

    Madrona Venture Group28 shared
    Tiger Global Management, LLC8 shared
    Wavemaker Partners7 shared
    Founders' Co-op7 shared
    Norwest Venture Partners6 shared
    Relevance Ventures6 shared
    India Quotient6 shared
    Oakhouse Partners6 shared
    Citi Ventures6 shared
    Baseline Ventures6 shared
    Gaingels6 shared
    Techstars6 shared
    Y Combinator6 shared
    Accel6 shared
    Prosus Ventures5 shared
    Flying Fish5 shared
    Alexandria Venture Investments5 shared
    Monashees5 shared
    Defy5 shared
    Founders Circle Capital5 shared

    Last updated: 20 October 2026