DCM Announces New Funds
Gunderson Dettmer represented DCM in the formation of its new DCM IX family of funds with capital commitments reaching $780 million in the aggregate. Together with its $100 million third A-Fund dedicated to global seed-stage investments, DCM plans to invest in early-stage SaaS and vertical cloud companies, business-to-business and business-to-consumer fintech startups and consumer internet companies.
In the announcement of the transaction Co-Founder of DCM David Chao said, “DCM was the first Silicon Valley firm to invest in the early-stage technology sector in China and Japan beginning in the late 90s. Since then, we’ve continued to deliver strong returns to our limited partners, while executing our global investment strategy across the three largest technology markets: U.S., China and Japan.”
The Gunderson deal team was led by Christine Wichrowski and included Steve Franklin and Chris Partin.