DCM Ventures

aid: dcm-ventures
name: DCM Ventures
description: >-
  DCM Ventures (formerly Doll Capital Management, and commonly known as DCM) is an early-stage venture
  capital firm founded in 1996 by Dixon Doll, a former Accel partner, and David Chao, and headquartered
  at 2420 Sand Hill Road in Menlo Park, California with additional offices in Beijing and Tokyo. DCM was
  among the first Silicon Valley firms to build a cross-border, US-Asia investing practice, and typically
  leads early-stage rounds with checks in the roughly $1M-$5M range, deploying capital into a small group
  of category-defining companies each year rather than investing broadly. The firm's thesis has evolved
  from its original focus on communications and semiconductors toward consumer internet and SaaS, and today
  centers on vertical SaaS, fintech, cross-border innovation, and AI-native applications across the United
  States, China, Japan, and Southeast Asia. As of 2025 DCM manages approximately $4.5 billion in assets and
  reports 400+ portfolio companies, 35+ unicorns, and over $150 billion in aggregate market value, with
  notable investments including SoFi, Bill.com, Kuaishou, Matterport, 51job, Careem, and Sansan.
deliveryModel:
  model: unknown
  open_source: false
  commercial: false
  callable_host: false
  label: Delivery model not determined — needs a product licence on record
  confidence: low
  source:
  - none
  generated: '2026-08-28'
  method: derived
accessModel:
  pricing: unknown
  onboarding: unknown
  trial: false
  try_now: false
  public: false
  label: Unknown
  confidence: low
  source: []
  generated: '2026-07-22'
  method: derived
image: https://www.dcm.com/favicon.ico
x-type: venture-capital
x-category: Venture Capital
created: '2026-07-17'
modified: '2026-07-17'
specificationVersion: '0.23'
tags:
  - Venture Capital
  - Seed
  - Series A
  - Early Stage
  - Vertical SaaS
  - Fintech
  - Consumer
  - Enterprise
  - Artificial Intelligence
  - Cross-Border
  - United States
  - China
  - Japan
  - Asia
apis: []
common:
  - type: Website
    url: https://www.dcm.com/
  - type: Portfolio
    url: https://www.dcm.com/companies
  - type: Portfolio
    url: portfolio/dcm-ventures-portfolio.yml
  - type: Team
    url: https://www.dcm.com/team
  - type: Team
    url: team/dcm-ventures-team.yml
  - type: InvestmentThesis
    url: https://www.dcm.com/about
  - type: Contact
    url: https://www.dcm.com/contact
  - type: Crunchbase
    url: https://www.crunchbase.com/organization/dcm
  - type: LinkedIn
    url: https://www.linkedin.com/company/dcm/
  - type: Twitter
    url: https://twitter.com/dcm_vc
  - type: Features
    data:
      - "Stage: Seed, Series A, Early Stage"
      - "Typical check: ~$1M-$5M (leads early-stage rounds)"
      - "Sectors: vertical SaaS, fintech, consumer internet, enterprise, cross-border, AI-native applications"
      - "Geography: United States, China, Japan, Southeast Asia (US-Asia cross-border)"
      - "AUM: ~$4.5B (as of 2025)"
      - "Portfolio: 400+ companies, 35+ unicorns, $150B+ aggregate market value (self-reported)"
      - "Founded: 1996"
      - "HQ: 2420 Sand Hill Road, Menlo Park, California, USA (offices in Beijing and Tokyo)"
    sources:
      - https://www.dcm.com/about
      - https://en.wikipedia.org/wiki/DCM_Ventures
      - https://www.dcm.com/companies
    updated: '2026-07-17'
maintainers:
  - FN: Kin Lane
    email: info@apievangelist.com
    url: https://apievangelist.com
  - FN: APIs.json
    url: http://apisjson.org
  - FN: DCM Ventures
    url: https://www.dcm.com/