DCM

General Information

DCM (also known as DCM Ventures) is a venture capital firm with over $4 billion under management. Since 1996, DCM has invested in more than 400 technology companies across the U.S. and Asia. DCM was the first Silicon Valley firm to invest in the early-stage technology sector in China, beginning in 1999.

History

DCM (formerly Doll Capital Management) was co-founded in 1996 as an investment firm targeting early-stage companie by David Chao and Dixon Doll. It now has operations in Silicon Valley, Tokyo and Beijing. The company has mostly invested in start-ups in the U.S., China, Japan and South Korea but does have additional investments in Europe, the Middle East and Latin America.

Funds

In 2021, Business Insider revealed that DCM's 2014 flagship fund is set to generate $10 billion and a 30x return multiple, making it one of the top performing venture funds in recent history.

In 2020, DCM raised $880 million for its global family of investment funds. The committed capital includes $780 million for DCM IX, its largest global fund to date, and $100 million for its third A-fund dedicated to global seed-stage investments. Since its last fund, DCM has had 17 liquidity events, including Careem (acquired by Uber), Pony.ai, Wrike and Musical.ly (now TikTok).

In 2016, DCM raised $770 million for its investment funds. The firm runs a flagship fund for early-stage companies, a growth-stage investment fund (its Turbo Fund), and the A-Fund, an Android-focused VC fund that targets mobile and emerging platforms from early stage companies.[3] In total, it has about $3.5 billion under management. Between 2013 and 2016, DCM returned $1.5 billion to its investors in profit upon exits from various investments previously under management.

Investments

51Job, 58.com, Bill.com, BlueCity (also known as Blued), BitAuto, Brigit, Careem (acquired by Uber), Dangdang, DocSend (acquired by Dropbox), DXY，Eaze,Figur,Folio, Fortinet, Freee, Happy Elements, hims & hers, Houchebang (formerly ManBang) Kakao Talk, Kuaishou, Lime, Maimai, Matterport, Musical.ly (now TikTok) Origin, Peco, Plenty, Pony.ai, Sansan, Shift, SigFig,Sling Media,SoFi,TanTan, Tempo (formerly Pivot),Tuniu, UCloud, UJET, Uxin, Vipshop, Wrike.

Customer Support

The DCM customer support can be reached through the following branches:

Beijng

Unit 1, Level 10, Tower W2, Oriental Plaza, No.1 East Chang An Ave, Dong Cheng District, Beijing 100738 P.R. China

TEL: +011 8610 6511 1700

FAX: +011 8610 6511 1799

Silicon Valley

2420 Sand Hill Road, Suite 200, Menlo Park, CA 94025

TEL: +1 650 233 1400

FAX: +1 650 854 9159

Tokyo

The ARGYLE aoyama 15F, 2-14-4 Kita-aoyama, Minato-ku, Tokyo, 107-0061 Japan

TEL: 011 81 3 4520 2310

FAX: 011 81 3 4520 2311