DCM Ventures

DCM Ventures is a venture capital firm located in Silicon Valley, Tokyo, and Beijing. It has approximately $3.5 billion under management.

DCM Ventures
private
Founded1996
FoundersDavid Chao and Dixon Doll
HeadquartersSilicon Valley, Tokyo, and Beijing
Websitewww.dcm.com

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
  1. "DCM Ventures raises $770 million for its early-stage, flagship, and growth funds". 14 July 2016.
  2. https://www.bizjournals.com/sanjose/blog/techflash/2015/10/vc-david-chao-on-unicorn-reckoning-why-sofis.html
  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. 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. Geron, Tomio (14 July 2016). "DCM Ventures Raises $770M for Three New Funds" – via www.wsj.com.
  9. Fannin, Rebecca. "New DCM and IDG Funds Show That China Still Has That Coolness Factor".
  10. "DCM just raised a new $500 million fund — after returning $1.5 billion to its investors – TechCrunch". techcrunch.com.
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