Cedar Capital Group

About

Cedar Capital Group (also known as Cedar Investment Management) is a technology-focused venture capital firm founded in 2023 by John Curtius, a former partner at Tiger Global Management ¹². The firm is registered with the SEC as Cedar Capital Group LP ³.

Curtius departed Tiger Global in October 2022 after serving as a partner from 2017 to 2022, where he led the firm’s software investing practice ¹⁴. At Tiger Global, Curtius oversaw more than 250 venture investments and reportedly generated approximately $4.5 billion in profits through more than 25 public software investments and over 45 private software deals ⁵⁶. Cedar was planned to launch in mid-2023, with Curtius agreeing to remain at Tiger Global through June 2023 during the transition ⁷.

Cedar was reported to be raising $1 billion from institutional investors, which would have ranked among the largest debut funds raised by a first-time fund manager during the 2022-2023 venture capital slowdown ²⁷. No public confirmation of the final fund close amount has been found.

Stated Thesis

Cedar Capital Group publicly describes itself as “a leading global technology investment firm with a mission to back the world’s best founders in secular growth areas early on” ⁸.

The firm focuses on Series A through Series C stage investments in enterprise software, B2B SaaS, fintech, infrastructure, AI, and machine learning ¹⁴⁵. Curtius has stated that Cedar will not invest in crypto ⁷.

Curtius has publicly articulated his investment philosophy around software economics: “Software is the best business model in the world, and can offer incredibly compelling risk-adjusted return opportunities” ⁴.

The firm’s stated geographic focus covers the United States and Europe ²⁷.

Inferred Thesis

Cedar Capital Group’s public portfolio data under its own banner is extremely limited. Only one investment — participation in Pallet’s $18M Series A in October 2024 — has been publicly confirmed as a Cedar-era deal ⁹. The Signal by NFX profile lists Curtius’s investment range as $100K to $5M with a sweet spot of $1.5M ⁵.

Given the insufficient Cedar-specific portfolio data (1 verified investment), meaningful percentage-based sector or stage analysis cannot be computed. The following observations are qualitative only:

Stage focus: The firm’s stated Series A to Series C focus represents a more targeted approach than Tiger Global’s broader multi-stage strategy ¹. The one confirmed Cedar investment (Pallet) was a Series A round ⁹.

Sector orientation: Curtius’s track record at Tiger Global was heavily weighted toward enterprise software and B2B SaaS, with notable investments in Databricks, Snowflake, Snyk, SentinelOne, GitLab, Toast, and Kustomer ¹⁴. His stated focus at Cedar is consistent with this background.

Co-investor patterns: In the Pallet deal, Cedar/Curtius invested alongside Bain Capital Ventures (lead), Bessemer Venture Partners, and Activant Capital ⁹. This is too small a sample to identify patterns.

Notable gaps: Despite the firm’s $1B fundraising ambitions and mid-2023 planned launch, publicly verifiable Cedar-specific investments remain scarce as of March 2026. The firm may be operating with a lower public profile than its predecessor platform.

Portfolio

Only investments made under the Cedar Capital Group banner (post-Tiger Global) with public confirmation are included. Investments made while Curtius was at Tiger Global are excluded.

Note: This table represents a minimal subset of Cedar’s likely portfolio. The firm’s Signal by NFX profile indicates 79 investments on record for Curtius ⁵, but most of these predate Cedar and were made under Tiger Global. Only 1 investment could be independently verified as a Cedar-era deal.

In Their Own Words

“Software is the best business model in the world, and can offer incredibly compelling risk-adjusted return opportunities.” — John Curtius, Fortune 40 Under 40 profile, 2022 ⁴.

What Founders Say

No independently sourced founder testimonials found for Cedar Capital Group-backed companies.

Sources