# DCM Ventures

> DCM Ventures is an early-stage venture capital firm founded in 1996 by Dixon Doll and David Chao. It invests in technology businesses across the United States and Asia, combining capital with operational guidance and cross-border relationships. Its portfolio includes BILL, Kuaishou, SoFi, Freee and Life360.

- **Founded:** 1996
- **Headquarters:** Menlo Park, United States
- **Founders:** Dixon Doll (Co-Founder), David Chao (Co-Founder and General Partner)
- **Products:** Early-stage venture investment, A-Fund, DCM IX
- **Notable:** Reports 400+ companies backed and 35+ unicorns on its current About page; these are firm-reported counts., Announced $880 million across DCM IX and A-Fund III in July 2020., Its 2020 announcement identified DCM as BILL’s sole first-round investor and Freee’s sole seed investor.

## Products & services

- **Early-stage venture investment** — Leads selected early-stage technology rounds and supports portfolio companies with strategy, hiring, financial planning and market access.
- **A-Fund** — Launched in 2011 as a $100 million Android ecosystem fund with corporate partners; the third fund announced in 2020 targeted global seed-stage investments.
- **DCM IX** — $780 million fund family announced in July 2020, alongside the $100 million A-Fund III.

## Achievements

- Reports 400+ companies backed and 35+ unicorns on its current About page; these are firm-reported counts.
- Announced $880 million across DCM IX and A-Fund III in July 2020.
- Its 2020 announcement identified DCM as BILL’s sole first-round investor and Freee’s sole seed investor.
- Portfolio company Kuaishou completed its Hong Kong IPO in February 2021.

## Latest updates

- **2025-02** — Lingopal announced a $14 million Series A led by DCM; this is the total round, not DCM’s disclosed check.
- **2025-05** — Portfolio company Plenty emerged from Chapter 11 and announced a focus on strawberries.
- **2026-10** — Navra announced a $19 million Series A led by Ribbit with participation from DCM, Baseline, Jump Crypto and Figure Technology Solutions.

## Links

- Website: https://www.dcm.com/
- LinkedIn: https://www.linkedin.com/company/dcm
- Twitter/X: https://twitter.com/dcm_vc
- Facebook: https://facebook.com/dcmvc

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Profile page: https://yespress.io/dcm-ventures
Published by YesPress — https://yespress.io
Last updated: 2026-10-27