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.

United States · Investor
Last cheque observed Aug 2026; 433 cheques on record.
Deploying nowNew fund $711M, Jun 2021Private equity
Follow DCM Ventures and see its new cheques in your feed.Start following
12 cheques in the last 12 months
Mostly Series A and Series B: 57% of its rounds
Sole investor in 56 rounds, median $5.0M
38 exits from the portfolio
We back the rebels|relentless|resourceful and the founders we partner withFrom their own website
Every round we can evidence, newest first433 appearances
11 rounds
10 rounds
7 rounds
8 rounds
7 rounds
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.
Named by the firm itself, on a filing, its Form ADV or its company registration9 named
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.
From the firm's own filings with the SEC, which it must file accurately by law
Who backs their funds
The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2025.
| Fund | Vintage | Committed |
|---|---|---|
| DCM IV | 2004 | $15M |
From their own portfolio page (on their website)
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.
Companies it backed that were later bought or listed38 in all
The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.
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.
The latest companies DCM Ventures put money into.
Episodes that name DCM Ventures in their description, not their title.

Transforming The Hiring Process At Scale: Fountain’s CEO Sean Behr
WithSean Behr

20VC: Turning Down Apple & Getting Funded By Chamath @ Social Capital with Dhananja Jayalath, Co-Founder & CEO @ Athos
MentionsDCM VenturesFelix Capital

20 VC 014: Acquired by Salesforce turned VC with Kyle Lui
WithKyle Lui
MentionsDCM Ventures
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.
433 investments on record, 12 of them in the last 12 months, and it led 6. The most recent was in Aug 2026.
Its most recent investments on record: HERP (Series C, Aug 2026), Kaon (Series B, Jul 2026) and Trovy (Series A, Jun 2026).
The median round it joins is $16M. It says it writes cheques of $250K to $15M.
Sometimes: it led 6 of its 433 investments on record (1%).
Most of the companies it backs are in the United States (57%), Japan (23%) and Hong Kong SAR China (10%).
Yes: it is actively investing, with 12 investments in the last 12 months.
Most often M Ventures (24 rounds together), Norwest Venture Partners (14 rounds together) and Mayfield Fund (13 rounds together).
Find the investors who back rounds like yours, and keep every conversation on one fundraising board.
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