United States · Investor

DCM Ventures

Last cheque observed Aug 2026; 433 cheques on record.

Deploying nowNew fund $711M, Jun 2021Private equity

SeedSeries ASeries BTelecomTmtApp

Deploying now
92%of best year12cheques in 12 months, 433 on record
Since the last cheque91days00hrs00min00sec
Median round$16MCheque size, as they say$250K – $15MRounds led6 of 433Sole investor56 roundsExits38 from the portfolioMostly inUnited States, 57%
Pitch DCM Ventures

DCM Ventures highlights

  1. 01

    12 cheques in the last 12 months

  2. 02

    Mostly Series A and Series B: 57% of its rounds

  3. 03

    Sole investor in 56 rounds, median $5.0M

  4. 04

    38 exits from the portfolio

What they do

We back the rebels|relentless|resourceful and the founders we partner withFrom their own website
Type
Private equity (from a list, unverified)
Cheque size
$250K – $15M as they say
Stages
SeedSeries ASeries BGrowthPre-IPO
Sectors
TelecomTmtApp
Based in
Menlo Park, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first433 appearances

  1. 2026

    11 rounds

  2. Aug
    HERPSeries C · JP$12MWith 3 others
  3. Jul
    KaonSeries B · US$60MWith 4 others
  4. Jun
    TrovySeries A · US · TechStartups$15MWith 4 others
  5. Jun
    UrtopiaSeries B · HK$29MSole investor
  6. May
    MuselyDebt · TechCrunch$360MWith 5 others
  7. Apr
    TextQLUS · Ventureburn$17MWith 5 others
  8. Apr
    Genki RoboticsVenture · JPUndisclosedWith 2 others
  9. Mar
    UniUniDebt · CA$55MWith 2 others
  10. Jan
    Route-DVenture · JP$2.1MSole investor
  11. Jan
    EnechainSeries B · JP$33MWith 4 others
  12. Jan
    Qingbo ExplorationVentureUndisclosedWith 1 other
  13. 2025

    10 rounds

  14. Nov
    ExploMarSeries A$10MSole investor
  15. Oct
    CraftBankSeries B · JP$15MWith 5 others
  16. Aug
    StreamNativeVenture · USUndisclosedWith 3 others
  17. Jul
    TextQLVenture · USUndisclosedWith 3 others
  18. Jun
    HUAUNVentureUndisclosedWith 1 other
  19. May
    Nok Nok LabsVenture · US$11MSole investor
  20. Apr
    10xVenture · JP$15MWith 4 others
  21. Apr
    BentoMLSeries A · US$10MWith 2 others
  22. Feb
    LingopalSeries A · US$14MWith 1 other
  23. Feb
    FancyTechSeries B$10MWith 2 others
  24. 2024

    7 rounds

  25. Nov
    EazeSeries B · US$10MWith 3 others
  26. Nov
    ScannableSeed · NZ$3.0MWith 1 other
  27. Sept
    M2XSeries A · NZ$2.1MSole investor
  28. Aug
    Reforged LabsSeed · US$3.9MWith 3 others
  29. Jul
    UrtopiaSeries A · HK$10MSole investor
  30. Mar
    Figure MarketsSeries A · US$60MWith 5 others
  31. Feb
    KaonSeed · US$10MWith 1 other
  32. 2023

    8 rounds

  33. Oct
    Theta LabsVenture · USUndisclosedWith 5 others
  34. Sept
    EversteelSeed · JP$1.3MSole investor
  35. Aug
    Cyclone RoboticsSeries C$40MWith 3 others
  36. Jun
    BentoMLSeed · US$6.0MWith 2 others
  37. May
    OpenArtSeed · US$5.0MWith 2 others
  38. Apr
    Microengine TechnologySeed$15MSole investor
  39. Mar
    Qingyue TechnologyVentureUndisclosedWith 1 other
  40. Feb
    Heisenberg RoboticsCrowdfunding$2.3MSole investor
  41. 2022

    7 rounds

  42. Dec
    Weekend HealthSeries A · US$20MSole investor
  43. Oct
    imBeeSeries A · HK$5.0MSole investor
  44. Sept
    CherrySeries B · US$44MWith 3 others
  45. Jul
    Puff GogoSeries C$20MWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration9 named

ACAndre C LeviDirector of the General Partner of the General PartneriFiling they signed
FHFrank Hurst LinPartneriForm ADV
JDJason David KrikorianDirectoriFiling they signed
KDK David ChaoDirectoriFiling they signed
KDK. David ChaoDirector of the general partner of the general partner.iFiling they signed
MCMatthew C. BonnerDirector of the General Partner of the General PartneriFiling they signed
OHOsuke HondaPartneriForm ADV
PWPeter W. MoranDirector of the general partner of the general partner.iFiling they signed
ZZZhenyu ZengPartneriForm ADV

We also hold 43 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$2.7Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
DCM Management, L.P.
SEC number
CRD 160285

Who backs their funds

1 LP on record in DCM Ventures's funds

Committed
$15M
Funds
1
Vintages
2004

The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2025.

What they claim to have backed

From their own portfolio page (on their website)

10 of 17 we have independently watched raise

CoffeemeetsbagelEvenuplawFigureFiguremarketsFuboLife360MatterportPicsartPlentySofiBillGigacloudtechHimsInvestor PortalKuaishouTeamblindWithcherry

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed38 in all

Art19Bought by AmazonUndisclosedJun 2021
WrikeBought by CitrixUndisclosedMar 2021
UstreamBought by IbmUndisclosedJan 2016
1 MainstreamBought by CiscoUndisclosedOct 2015
BridgeLuxBought by China Electronics Corporation (CEC)UndisclosedJul 2015
99BillBought by WANDA GroupUndisclosedDec 2014
ZenvergeBought by Freescale SemiconductorUndisclosedDec 2014
AppiaBought by Digital Turbine$100MNov 2014
Cortina SystemsBought by INPHI$131MOct 2014
VendavoBought by Francisco PartnersUndisclosedOct 2014
SliceBought by RakutenUndisclosedAug 2014
Caring.comBought by Bankrate$54MMay 2014
PlayFirstBought by Glu MobileUndisclosedMay 2014
JaspersoftBought by TIBCO Software Inc.$185MApr 2014
Green Throttle GamesBought by GoogleUndisclosedMar 2014
Basis ScienceBought by Intel$100MMar 2014
58.comListedUndisclosedOct 2013
KanboxBought by AlibabaUndisclosedSept 2013
Loki StudiosBought by Yahoo!UndisclosedMay 2013
OutsparkBought by gamigoUndisclosedFeb 2013

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as DCM Ventures. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies DCM Ventures put money into.

Mentioned on podcasts

Episodes that name DCM Ventures in their description, not their title.

Quick answers about DCM Ventures

What does DCM Ventures invest in?

DCM Ventures invests most often at Series A and Series B (57% of the rounds on record), in sectors such as Telecom, Tmt and App.

How active is DCM Ventures?

433 investments on record, 12 of them in the last 12 months, and it led 6. The most recent was in Aug 2026.

What has DCM Ventures invested in recently?

Its most recent investments on record: HERP (Series C, Aug 2026), Kaon (Series B, Jul 2026) and Trovy (Series A, Jun 2026).

How big are DCM Ventures's cheques?

The median round it joins is $16M. It says it writes cheques of $250K to $15M.

Does DCM Ventures lead rounds?

Sometimes: it led 6 of its 433 investments on record (1%).

Where does DCM Ventures invest?

Most of the companies it backs are in the United States (57%), Japan (23%) and Hong Kong SAR China (10%).

Is DCM Ventures investing now?

Yes: it is actively investing, with 12 investments in the last 12 months.

Who does DCM Ventures invest alongside?

Most often M Ventures (24 rounds together), Norwest Venture Partners (14 rounds together) and Mayfield Fund (13 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it