In 1996 was created DCM Ventures, which is appeared as VC. The leading representative office of defined VC is situated in the Menlo Park. The fund was located in North America if to be more exact in United States.
The current fund was established by David Chao, Dixon Doll. The overall number of key employees were 11.
The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the DCM Ventures, startups are often financed by ZhenFund, Norwest Venture Partners, Lightspeed Venture Partners. The meaningful sponsors for the fund in investment in the same round are Venrock, Qiming Venture Partners, Partech. In the next rounds fund is usually obtained by Tencent Holdings, Sequoia Capital China, Highland Capital Partners.
Among the various public portfolio startups of the fund, we may underline Renren Inc., Social Finance (SoFi), Uxin For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular fund investment industries, there are Information Technology, Mobile. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Besides, a startup needs to be aged 4-5 years to get the investment from the fund.
The increased amount of exits for fund were in 2014. When the investment is from DCM Ventures the average startup value is 500 millions - 1 billion dollars. The top activity for fund was in 2018. Despite it in 2019 the fund had an activity. Comparing to the other companies, this DCM Ventures performs on 11 percentage points less the average number of lead investments. The fund is generally included in 13-24 deals every year. Deals in the range of 10 - 50 millions dollars are the general things for fund. Speaking about the real fund results, this VC is 9 percentage points more often commits exit comparing to other organizations.
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Notable deals
Company | Industry | Round Size | Date | Investors | Location |
M2X | $2M | 03 Sep 2024 | Tokyo, Kantō, Japan | ||
Opus Clip | $30M | 28 Aug 2024 | Redwood City, California, United States | ||
Reforged Labs | $3M | 08 Aug 2024 | - | ||
Urtopia | $10M | 01 Jul 2024 | Hong Kong Island, Hong Kong, China | ||
Qingbo Exploration | $15M | 31 May 2024 | Qingpu, Shanghai, China | ||
UniUni | $50M | 27 Mar 2024 | - | ||
FlowGPT | $10M | 26 Feb 2024 | Berkeley, California, United States | ||
Eversteel | $1M | 28 Sep 2023 | Tokyo, Kantō, Japan | ||
CraftBank | $12M | 06 Sep 2023 | Chiyoda, Japan |
– Picsart announced it has raised $130m in Series C funding.
– The round was led by SoftBank Vision Fund 2 with participation from G Squared and Tribe Capital, as well as existing investors Sequoia, DCM, Graph Ventures, and Siguler Guf & Company.
– With over $100m in annual revenue run rate, Picsart is now valued at over $1bn.
– The company has raised a total of $195m in capital since its founding.
– With users in 180 countries, Picsart’s base of more than 150 million monthly active users produce more than 1bn edits each month, making it the largest community for Gen Z creators.
– CADDi, a B2B ordering and supply platform in the manufacturing and procurement industry, raised $73m in Series B funding.
– The round was led by Globis Capital Partners and World Innovation Lab (WiL), with participation from existing investors DCM and Global Brain.
– Six new investors also joined the round including Arena Holdings, DST Global, Minerva Growth Partners, Tybourne Capital Management, JAFCO Group and SBI Investment.
– The post-money valuation is estimated at $450m.
– The funding proceeds will be used for accelerating digital transformation of the platform, hiring and expanding to global markets.
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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
M2X | $2M | 03 Sep 2024 | Tokyo, Kantō, Japan | ||
Opus Clip | $30M | 28 Aug 2024 | Redwood City, California, United States | ||
Reforged Labs | $3M | 08 Aug 2024 | - | ||
Urtopia | $10M | 01 Jul 2024 | Hong Kong Island, Hong Kong, China | ||
Qingbo Exploration | $15M | 31 May 2024 | Qingpu, Shanghai, China | ||
UniUni | $50M | 27 Mar 2024 | - | ||
FlowGPT | $10M | 26 Feb 2024 | Berkeley, California, United States | ||
Eversteel | $1M | 28 Sep 2023 | Tokyo, Kantō, Japan | ||
CraftBank | $12M | 06 Sep 2023 | Chiyoda, Japan |