Menlo Park-based venture capital firm DCM announced Thursday afternoon that it has launched a $100 million, Android investment fund. The new A-Fund is backed by Asian firms GREE, KDDI, and Tencent. DCM said the new fund will focus on startups developing solutions taking advantage of Android’s rapid growth.
The A-Fund will be managed by DCM, an investor in early stage technology companies based in Silicon Valley, Beijing and Tokyo. Anchor investors include GREE Inc., Japan’s largest mobile gaming social network, and KDDI Corporation, Japan’s second largest mobile operator.
The A-Fund will create a strong network of top-tier startups and provide access to resources, relationships and business opportunities catered to the needs of Android related companies. DCM and its corporate partners will provide the capital, global business expertise, business development support, and other value-add services needed to succeed in a rapidly evolving market.
“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.
