Venture capital firm DCM Ventures raised another $500million in funding to back early stage entrepreneurs across the U.S., China andJapan.
DCM Ventures has now secured $770 million in the past 18months through new commitments, including the oversubscribed $500 million forthe firm's flagship global investment fund, DCM VIII; $170 million for itsTurbo Fund primarily focused on growth stage deals; and $100 million for itssecond A-Fund primarily focused on seed stage investments across mobile andemerging platforms. DCM Ventures said it now has more than $3 billion undermanagement.
DCM's strategic limited partners includes , Gree, Naver, , andQualcomm.
The firm said its flagship fund, DCM VIII, will continue toback technology sectors, including "digital media, software-as-a-service,fintech, e-commerce, as well as newer platforms such as virtual reality,automated drone technology and artificial intelligence."