DCM Ventures
 | |
| Company type | private |
|---|---|
| Founded | 1996 |
| Founders | David Chao and Dixon Doll |
| Headquarters | Silicon Valley, Tokyo, and Beijing |
| Website | www |
DCM Ventures is a venture capital firm located in Silicon Valley, Tokyo, and Beijing. It has approximately $3.5 billion under management.
History
DCM was founded in 1996 as an investment firm targeting early-stage companies,[1] cofounded by David Chao and Dixon Doll.[2] It now has operations in Silicon Valley, Tokyo, and Beijing.[3][4] The company has mostly invested in start-ups in the U.S., China, Japan, and South Korea.[5][6][1] It does have additional investments as well in Europe, the Middle East, and Latin America.[7]
Funds
In 2016 DCM raised $770 million for its investment funds.[8] The firm runs a flagship fund for early-stage companies, a growth-stage investment fund (its Turbo Fund),[9] and the A-Fund, an Android-focused VC fund that targets mobile and emerging platforms from early stage companies.[1] In total, it has about $3.5 billion under management.[3] Between 2013 and 2016, DCM returned $1.5 billion to its investors in profit upon exits from various investments previously under management.[10]
References
- ^ a b c "DCM Ventures raises $770 million for its early-stage, flagship, and growth funds". 14 July 2016.
- ^ https://www.bizjournals.com/sanjose/blog/techflash/2015/10/vc-david-chao-on-unicorn-reckoning-why-sofis.html
- ^ a b Levy, Ari (21 December 2015). "This tech VC is increasingly bullish on China".
- ^ Kazer, William (21 November 2014). "DCM China's Hurst Lin Takes Evangelical Approach to Investment".
- ^ Fannin, Rebecca. "DCM's Deal In Korean Crowdfunding + Platform Showcases Asian Innovation".
- ^ Fannin, Rebecca. "Korea's Social Messaging App Kakao Raises Bar for Tech Startups in Asia".
- ^ "DCM Ventures to raise $100m Android Fund III - DealStreetAsia". www.dealstreetasia.com.
- ^ Geron, Tomio (14 July 2016). "DCM Ventures Raises $770M for Three New Funds" – via www.wsj.com.
- ^ Fannin, Rebecca. "New DCM and IDG Funds Show That China Still Has That Coolness Factor".
- ^ "DCM just raised a new $500 million fund — after returning $1.5 billion to its investors – TechCrunch". techcrunch.com.