DCM Ventures
UnclaimedAt a Glance
- Check Size
- $. – $.
- Stage
- Pre-Seed, Seed, Series A, Series B+
- AUM
- $4B
- Sectors
- Aerospace & Defense, Digital Health, Other +2
- Founded
- 1996
- HQ
- Menlo Park, CA
About DCM Ventures
DCM Ventures is a global venture capital firm founded in 1996 with offices in Silicon Valley, Beijing, and Tokyo. The firm manages over $4 billion in committed capital and has invested in more than 400 companies across the U.S. and Asia. DCM focuses on early-stage investments in mobile, internet, enterprise software, and digital health sectors.
The firm is known for its cross-border investment strategy, helping portfolio companies expand between U.S. and Asian markets. Notable investments include Spotify, CrowdStrike, Zendesk, and SoundHound. DCM's partners bring deep operational experience and maintain strong networks in both Silicon Valley and Asia. The firm typically leads or co-leads Series A and B rounds, writing checks ranging from $2-10 million initially with follow-on capacity.
Investment Thesis
“Invests in early-stage technology companies across the U.S. and Asia, focusing on mobile, internet, and enterprise software.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Key Team (1)
Hurst Lin
General Partner
Fund History
- DCM's disclosed fund history runs through a series of Menlo Park-registered partnerships.
- DCM VI, L.P. filed a $505 million offering in December 2008.
- The firm then built a dedicated China franchise: DCM Ventures China Fund (DCM VII), L.P. closed fully subscribed at $301 million with a first sale in July 2013, followed by the DCM Ventures China Turbo Fund, L.P. at $170 million in 2014 and a $10 million affiliates sleeve alongside it.
- DCM Ventures China Fund (DCM VIII), L.P. closed at $451,525,000, also fully subscribed, after a first sale in December 2015.
- The largest disclosed vehicle is DCM IX, L.P., which filed a $750 million offering and had sold $710,670,000 by a September 2019 amendment, following a first sale in May 2018.
- A separate DCM Hybrid RMB Fund, L.P. filed a $150 million offering in 2011.
- Signatories across these filings include K. David Chao, Dixon Doll, Peter Moran, Jason Krikorian, Carlton Amdahl, Thomas Blaisdell and Matthew Bonner.
Frequently Asked Questions
What stage does DCM Ventures invest at?
DCM Ventures primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is DCM Ventures located?
DCM Ventures is headquartered in Menlo Park, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does DCM Ventures focus on?
DCM Ventures focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is DCM Ventures's typical check size?
DCM Ventures's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does DCM Ventures have under management?
DCM Ventures manages approximately $4B in assets under management (AUM) across their funds.
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