DCM Ventures

DCM Ventures
private
Founded 1996
Founders David Chao and Dixon Doll
Headquarters Silicon Valley, Tokyo, and Beijing
Website www.dcm.com

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] Companies that DCM has invested in have included Kakao, Tumblbug,[5] SoFi, Yik Yak, Kespry, X.ai,[1] FuboTV, Eaze, PlayStudios,[8][9][10] Sling Media,[2] Renren, SandForce,[2] Dangdang, [11] Bitauto Holdings, 51job, and VipShop Holdings.[3] DCM often leads new rounds of investment for companies in its portfolio.[12]

Funds

In 2016 DCM raised $770 million for its investment funds.[13] The firm runs a flagship fund for early-stage companies, a growth-stage investment fund (its Turbo Fund),[14] 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.[15]

References

  1. 1 2 3 4 "DCM Ventures raises $770 million for its early-stage, flagship, and growth funds". 14 July 2016.
  2. 1 2 3 https://www.bizjournals.com/sanjose/blog/techflash/2015/10/vc-david-chao-on-unicorn-reckoning-why-sofis.html
  3. 1 2 3 Levy, Ari (21 December 2015). "This tech VC is increasingly bullish on China".
  4. ↑ Kazer, William (21 November 2014). "DCM China's Hurst Lin Takes Evangelical Approach to Investment".
  5. 1 2 Fannin, Rebecca. "DCM's Deal In Korean Crowdfunding + Platform Showcases Asian Innovation".
  6. ↑ Fannin, Rebecca. "Korea's Social Messaging App Kakao Raises Bar for Tech Startups in Asia".
  7. ↑ "DCM Ventures to raise $100m Android Fund III - DealStreetAsia". www.dealstreetasia.com.
  8. ↑ FuboTV - Soccer-Streaming Startup FuboTV Raises $15 Million Led by 21st Century Fox, Sky, Variety 3/9/16; OTT Startup FuboTV Scores $55 Million From 21st Century Fox, Scripps and Others, Variety 6/19/17
  9. ↑ Eaze - Eaze is moving into recreational marijuana delivery with $27 million in new funding, TechCrunch 9/14/17; Marijuana delivery just a few clicks away in San Jose, Silicon Valley Business Journal 4/11/17
  10. ↑ PlayStudios - DCM Is Raising Another $100 Million Fund To Make Investments In Android-Based Startups, TechCrunch 12/11/14; Slingbox co-founder Krikorian on know-it-all VCs, his more manic life as DCM partner Silicon Valley Business Journal 3/17/14
  11. ↑ "DCM's David Chao On Investing In China, And VR, And, Oh, Hey, Cannabis – TechCrunch". techcrunch.com.
  12. ↑ "China: yMatou.com $100m Series C; Maimai.cn $75m Series C - DealStreetAsia". www.dealstreetasia.com.
  13. ↑ Geron, Tomio (14 July 2016). "DCM Ventures Raises $770M for Three New Funds" – via www.wsj.com.
  14. ↑ Fannin, Rebecca. "New DCM and IDG Funds Show That China Still Has That Coolness Factor".
  15. ↑ "DCM just raised a new $500 million fund — after returning $1.5 billion to its investors – TechCrunch". techcrunch.com.
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