MENLO PARK, Calif.--(BUSINESS WIRE)--DCM Ventures, an early stage venture capital firm based in Silicon Valley, Beijing and Tokyo with more than $2.8 billion under management, today announced its second Android fund, “A-Fund II.” A-Fund II comes on the heels of the success of the first A-Fund, with investments including Augmedix, Freee, KakaoTalk, Kuaishou, Life360, Playstudios, Eaze and Yik Yak. A-Fund II is a $100 million early stage fund focusing on companies poised to disrupt the explosive mobile market and further the rapidly growing Android ecosystem.
“When we raised the first A-fund in early 2011, Android was still a risky minor platform, but today it is the most dominant in terms of openness, innovation and units sold,” said David Chao, Co-Founder and General Partner at DCM Ventures. “Our mission is to continue to find unique mobile-first startups in this ecosystem and explore next generation platforms in new services, VR and wearables."
"Through A-Fund II we will look to build on the success of the previous fund to focus on companies across key sectors including next generation social platforms, mobile SMB & enterprise SaaS and the Internet of Things ecosystem," said Osuke Honda, General Partner at DCM Ventures. "We've seen so much evolution of the expanding mobile universe over the past four years. We look forward to continue working with some of the most promising and innovative startups taking advantage of the Android/mobile ecosystem and collaborating with our strategic partners – some of the top mobile Internet companies in the world.”
The geographic focus of A-Fund II, like the original A-Fund, will be in the U.S. and Asia but will opportunistically look at innovative early-stage mobile companies globally. Like its predecessor, A-Fund II features a bevy of strategic limited partners motivated to discover and build relationships with global innovators of tomorrow. In addition to the strong collection of limited partners continuing from A-Fund I, which included Internet giants Tencent, Naver and Gree, A-Fund II features three additional partners in the SoftBank Group, Baidu and Qualcomm.
“We consider ourselves fortunate to work so closely with some of the largest and most influential global technology companies,” said Jason Krikorian, General Partner at DCM Ventures. “We believe we’re the only Silicon Valley firm with such deep ties to the largest Asian strategics. These relationships are key in our work helping early-stage startups navigate global markets, and we are thrilled that the SoftBank Group and the other new investors have joined us for A-Fund II.”
About DCM Ventures
DCM Ventures is an early stage venture capital firm based in Silicon Valley, Beijing and Tokyo with more than $2.8 billion under management. Our team's global DNA and extensive industry expertise empowers our entrepreneurs with hands-on operational guidance and a global network of business and financial resources. DCM Ventures has invested in more than 250 technology companies across the United States and Asia backing numerous industry leaders over our 20 year history. Successful exits (IPOs and M&As) include, among others, China-based: 51job, 58.com, 99Bill (Wanda Group), BitAuto, Dangdang, Luxin, Renren, Tuniu, and Vipshop; Japan-based: JCI, Kabu.com, Pokelabo (GREE), Scigineer, and StarFlyer; U.S.-based: About.com, Basis (Intel), Fortinet, PGP Corporation (Symantec), SandForce (LSI), Slice Technologies (Rakuten), and Sling Media (EchoStar) as well as eDreams in Spain and Daum Kakao in Korea.