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DCM Ventures secures $710.7M for DCM IX fund

DCM Ventures obtained approximately $710.7 million for DCM IX LP, which has a fundraising target of $750.0 million.

The capital commitments do not include the approximately $52.1 million in limited partnership interests issued by DCM Affiliates Fund IX LP, for total commitments of about $762.8 million, according to an SEC filing.

A total of 79 investors supported the venture capital fund.