That’s what venture firm DCM annnounced today. The firm said in a press release that it’s “open to startups and developers from around the world, at any stage and size, whose products will shape the future of the Android ecosystem.”
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":255818,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,mobile,","session":"C"}']It sounds like this fund will be international in scope, with a particular focus on Asia. DCM itself has a presence in Beijing and Tokyo (as well as Silicon Valley), while Japanese mobile social gaming network GREE, Japanese mobile operator KDDI, and Chinese Internet giant Tencent are investors in the fund.
“The A-Fund will give startups the ability to take advantage of Android’s inherent international potential, and access to top investors and strategic partners across the world,” said GREE founder and chief executive Yoshikazu Tanaka in the release.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
The fund size is $100 million, which was also the initial size of the iFund. DCM said it will be announcing more partners in the next few weeks, including a US semiconductor company.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More