Doll Capital Management raises new fund — to invest more abroad

Baisdell, Chao, Doll

Doll Capital Management, a Menlo Park venture capital firm that has invested aggressively
in China recently, and the exploits of which we have written about many times, has raised a new fund of $500 million to invest in fresh companies.

It has offices both here and in Beijing, and also invests in Japan.

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The firm has seen nine of its companies go public over the past two years, including 51Job, the Chinese job site, and the Japanese version of About.com, All About. Co-founder David Chao said his firm has traditionally earmarked 25 percent of funds for investments outside of the U.S. This time, the target is 30 percent, he said.