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DCM Ventures

VC

USCNJPKRSGB2B SaaSAI/MLFintechConsumerMarketplacesEnterpriseDeep Tech

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Investment thesis

DCM Ventures is a pioneer in cross-border investing, backing early-stage technology companies across the U.S. and Asia since 1996. The firm applies first-principles thinking to uncover value in overlooked sectors, partnering with a small group of founders each year and going 'all-in' with time, network, and resources. DCM leads rounds to secure meaningful ownership and provides hands-on operational guidance alongside a global network spanning Silicon Valley, Beijing, and Tokyo. DCM's current focus spans vertical SaaS, fintech, cross-border innovation, and AI-native applications — sectors where the firm has evolved its thesis from early-stage communications and semiconductors through consumer internet and enterprise SaaS. The firm targets the three largest technology markets — the U.S., China, and Japan — and aims to back founders who 'define new frontiers' rather than simply succeed within existing ones.

Notable quotes

These new funds are a reflection of our ability to consistently deliver substantial distributions to our limited partners in all market environments. In the last three years alone, DCM Ventures distributed over USD1.5 billion back to our limited partners, and we look forward to replicating this success as we continue to partner with visionary entrepreneurs who are on the cutting edge of technology across the globe.

David Chao · Private Equity Wire — DCM Ventures Secures USD770m in Commitments · 2016

We are witnessing the birth of entirely new technology platforms ranging from artificial intelligence and drones to virtual reality and over-the-top media — each driven by talented founders who are scaling products earlier and faster than ever before.

Jason Krikorian · Private Equity Wire — DCM Ventures Secures USD770m in Commitments · 2016

We haven't seen anything like this. The vast majority of our IPOs have been U.S.-based companies, I think partly because we have a large portfolio and partially because companies are taking advantage of the activity in the markets.

Kyle Lui · Crunchbase News — Inside DCM's Record IPO Streak · 2021

Team

David Chao

Co-Founder and General Partner

FintechB2B SaaSConsumerEnterprise

Hurst Lin

General Partner

AI/MLConsumerMarketplaces

Ramon Zeng

General Partner

ConsumerEnterpriseMarketplaces

Ibrahim AlSuwaidi

Partner

FintechEnterpriseDeep Tech

Fiona Huang

Partner

AI/MLConsumerMarketplacesB2B SaaS

Gloria Zhang

Investment VP

AI/MLB2B SaaSDevtools

Recent investments

CompanyRoundSizeDate
OpenArtSeries A$30m2026-01-30
UniUniSeries D$70m2025-12-17
EvenUpSeries B+2024
KuaishouSeries B2014
Bill.comEarly Stage VC
SoFiEarly Stage VC
FortinetEarly Stage VC
Musical.ly (TikTok/ByteDance)Early Stage VC
MatterportEarly Stage VC
CareemEarly Stage VC

Frequent co-investors

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