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Investor profile

Cercano Management

Advisor, Family Office, Venture Capital · Founded 1997 · Bellevue, United States

Building on Vulcan Capital the investment arm of Microsoft co-founder Paul Allen, Cercano Management an investment management firm working exclusively with ultra-high net worth investors and family foundations

180 portfolio companies Advisor, Family Office, Venture Capital · $11B invested · 275 investments · Investor rank #257 · Last investment 7/2026
Portfolio companies 180 ↑ 52% 5y
Decacorns 6
Thoroughbreds 24 ↑ 11% 5y
01 · Biggest holdings

Cercano Management’s biggest current holdings.

The most valuable companies Cercano Management still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Cercano Management directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 Epic GamesDecacorn · Gaming · USA $18.0B
  2. 2 WildlifeUnicorn · Gaming · Brazil 3% $3.0B $90M
  3. 3 LoftUnicorn · Real Estate · Brazil 4.5% $2.9B $130M
  4. 4 ICON TechnologyUnicorn · Real Estate · USA $1.8B
  5. 5 NeonUnicorn · Fintech · Brazil $1.6B
  6. 6 JUSTUnicorn · Food · USA $1.2B
  7. 7 SolarisFintech · Germany $110M
  8. 8 Rad Power BikesSports · USA

Estimated value = Cercano Management’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Cercano Management also appears inside investor groups in Blink Health, Rec Room, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Cercano Management’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Cercano Management’s transaction record.

$238B IPO · 2014
Now $297BEnterprise Software
$82B IPO · 2019
Entered Series B+Now $163BFood
$40B IPO · 2021
Entered Series B+Now $11BFood
$11B IPO · 2021
Now $11BFintech
$8.2B IPO · 2020
Entered Series ANow $2.1BMarketing
$7.0B IPO · 2021
Entered Series B+Now $4.5BFintech
$322M IPO · 2013
Entered Series B+Now $4.6BHealth
$3.6B acquisition · 2026
Entered Series B+Enterprise Software
Fin
$3.6B acquisition · 2026
Marketing
$1.2B IPO · 2017
Entered Series B+Now $2.3BReal Estate
$1.4B IPO · 2018
Entered Series B+Now $1.4BFintech
$1.3B IPO · 1999
Entered Series ANow $1.3BMedia
03 · Portfolio analysis

Where Cercano Management’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 180 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA149
  2. Singapore12
  3. Brazil4
  4. India4
  5. Indonesia3
  6. UK3
  7. Vietnam3
  8. Australia2
  9. Ireland2
  10. Mexico2
  11. Armenia1
  12. Canada1
By sectorCount
  1. Enterprise Software37
  2. Health31
  3. Fintech22
  4. Marketing21
  5. Media19
  6. Transportation15
  7. Education11
  8. Food11
  9. Security10
  10. Gaming9
  11. Real Estate8
  12. Energy7
By stage enteredCount
  1. Series B+63
  2. Seed59
  3. Series A59
By growth stageCount
  1. Breakout Stage77
  2. Late Growth58
  3. Early Growth55
  4. Mature2
04 · Portfolio market map

Inside Cercano Management’s portfolio.

The 60 highest-funded portfolio companies, of 180 tracked.

Uber
Food · Centicorn
$163B
Flipkart
Home Living · Decacorn
$36B
Grab
Food · Decacorn
$11B
Epic Games
Gaming · Decacorn
$18B
Alibaba
Enterprise Software · Centicorn
$297B
Magic Leap
Gaming · Unicorn
$2.0B
TAE Technologies
Energy · Unicorn
$2.6B
Loft
Real Estate · Unicorn
$2.9B
Neon
Fintech · Unicorn
$1.6B
Solaris
Fintech
$110M
ICON Technology
Real Estate · Unicorn
$1.8B
JUST
Food · Unicorn
$1.2B
Remitly
Fintech · Unicorn
$4.5B
Wise
Fintech · Decacorn
$11B
Curve
Fintech
$195M
Rad Power Bikes
Sports
Nautilus
Health
$59M
Rec Room
Gaming · Unicorn
$3.5B
MaintainX
Enterprise Software · Unicorn
$3.6B
Zuora
Fintech · Unicorn
$1.4B
Fin
Marketing · Unicorn
$3.6B
Achieve
Fintech
Booster
Energy
$500M
Unity Biotechnology
Health
$3.6M
Spaceflight Systems
Transportation
$600M
Siluria Technologies
Energy
$180M
Echodyne
Security
$540M
Wildlife
Gaming · Unicorn
$3.0B
TraceLink
Enterprise Software
$372M
Redfin
Real Estate · Unicorn
$2.3B
TrueCar
Telecom
$226M
Zola Electric
Energy
$180M
Avenger Flight
Transportation
$115M
Scytl
Security
Avvo
Legal
$650M
PTC Therapeutics
Health · Unicorn
$4.6B
Variant Bio
Health
$420M
Sun Basket
Food
$120M
Teachmint
Education
$500M
Nanit
Health
$200M
EdisonLearning
Education
Avalanche Technology
Energy
$132M
Banzai
Event Tech
$380M
Supply Chain Connect
Marketing
Quince Therapeutics
Health
Calxeda
Semiconductors
$220M
Nelogica
Fintech
Sand 9
Telecom
$12M
BandLab
Music
$425M
Greenwood
Fintech
$180M
Modumetal
Engineering and Manufacturing Equipment
$168M
Socotra
Fintech
$200M
Cialfo
Education
$230M
CTRL-Labs
Robotics
$800M
800.COM
Health
$80M
Clean Fund
Fintech
$60M
GC Therapeutics
Health
$260M
QAPITA
Fintech
$106M
Ally
Enterprise Software
$200M
High Fidelity
Education
$115M
05 · Portfolio founders

Where Cercano Management’s portfolio founders come from.

149 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States105
  2. Brazil9
  3. China6
  4. Singapore6
  5. India5
  6. Indonesia4
  7. United Kingdom4
  8. Mexico2
  9. Armenia1
  10. Israel1
UniversityCount
  1. Harvard Business School6
  2. Harvard University6
  3. Stanford University6
  4. Stanford University Graduate School of Business6
  5. University of Washington5
  6. Wharton School of the University of Pennsylvania5
  7. Indian Institute of Technology Bombay4
  8. Princeton University4
  9. University of California, Berkeley4
  10. Indian Institute of Technology, Delhi3
Previous companyCount
  1. Microsoft5
  2. Bain & Company4
  3. Goldman Sachs4
  4. McKinsey & Company4
  5. Amazon3
  6. Citibank3
  7. Climate Pledge Fund3
  8. Intelius3
  9. Madrona Venture Group3
  10. Moxxi3