DCM Ventures is an American venture capital firm founded in 1996, headquartered in Menlo Park, California. The firm specializes in early-stage investments (seed through Series B) in technology companies across the US, China, and Japan, with sector focus including consumer internet, enterprise software, fintech, semiconductors, and AI-native applications.
Deal activity increased 50% year-over-year (3 deals in the last 12 months). Average disclosed round size is $62.0M (across 187 rounds with reported amounts).
Portfolio
132
Fund Size
—
Top Stage
Series B
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
213 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Trovy | Series A | $15M | Jun 2026 |
 route-D | Unknown | — | Jan 2026 |
 OpenArt | Series A | $5M | Jan 2026 |
 Musely | Unknown | $360M | Jan 2026 |
 ExploMar | Series A | $10M | Nov 2025 |
 FloSports | Series D | $24M | Apr 2025 |
 Lingopal AI | Series A | $14M | Feb 2025 |
| LLingopal | Series A | $14M | Jan 2025 |
| route-D | Seed | — | Oct 2024 |
 UniUni | Series C | $50M | Apr 2024 |
 FlowGPT | Seed | $10M | Feb 2024 |
 Reforged Labs | Seed | $3.9M | Jan 2024 |
 CADDi (キャディ株式会社) | Series C | $89M | Jul 2023 |
 Bento | Seed | $9M | Jun 2023 |
 CADDi | Series C | $89M | Jan 2023 |
 CADDi | Series C | $38M | Jan 2023 |
 Brelyon | Series A | $15M | Sep 2022 |
 Fountain | Series C | $100M | Jun 2022 |
 Mendel.ai | Series B | $40M | Apr 2022 |
 Glints | Series D | $50M | Jan 2022 |
 Tiamat | Series A | — | Jan 2022 |
 Glints | Series D | $50M | Jan 2022 |
 Activeloop | Seed | $5M | Nov 2021 |
 Productfy | Series A | $16M | Oct 2021 |
 Teachmint | Series B | $78M | Oct 2021 |
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Top Co-Investors
GGV Capital12 shared
Legend Capital11 shared
Tiger Global Management, LLC11 shared
Lightspeed Venture Partners11 shared
Sequoia Capital10 shared
Coatue Management LLC10 shared
Y Combinator10 shared
Endeavor8 shared
Bain Capital Ventures7 shared
Qualcomm Ventures6 shared
Salesforce6 shared
IDG Capital5 shared
500 Global5 shared
Khosla Ventures5 shared
GV5 shared
Menlo Ventures5 shared
SoftBank Vision Fund5 shared
Western Technology Investment5 shared
T. Rowe Price5 shared
JAPAN POST CAPITAL Co., Ltd.5 shared
Last updated: 20 October 2026