DCM, a global venture capital firm investing in early stage technology companies in the US, China, and Japan, has closed DCM Fund VII, its most recent early stage venture fund with USD330m in commitments.
DCM now manages over USD2.5bn across several funds.
“DCM continues to gain momentum because of our differentiated global investment strategy, and we believe that the next 18 months will feature a continued string of successful exits for our portfolio companies,” says David Chao, co-founder and general partner at DCM.
Consistent with previous funds, DCM Fund VII will be dedicated to investments in DCM’s core sectors that include mobile, digital media, ecommerce, and consumer and enterprise services across the US, China and Japan.
DCM’s strategy to invest in the world’s three largest economies and technology markets has spawned multiple category defining companies. Since 2009, 15 DCM portfolio companies have had successful exit events with an aggregate market capitalisation of over USD20bn. Companies from all three of DCM’s core geographies are represented, including 58.com, BitAuto, Dangdang, Fortinet, Pokelabo, Renren, SandForce, and Vipshop.
