Apr 13, 2022
DCM Newsletter — Q1 2022
Firm News
DCM hiring for U.S. Associate
DCM is looking for its next investment Associate to help us empower the global ambitions of inspired entrepreneurs. This is a rare opportunity to work at a boutique, early-stage, cross-border venture firm that operates across the US, Japan and China as “one team, one fund”.
Learn more about the role and how to apply HERE.
U.S.
Walmart invests in Plenty’s $400M Series E
Plenty raised $400M in Series E funding with participation from Walmart who will join Plenty’s board of directors. Plenty will utilize the funds to expand its indoor vertical farm business by selling complete farms directly to partners. DCM led Plenty’s Series A round in 2016.
Metafy announces $25M Series A round
Metafy, a platform for video game coaching, raised $25M in Series A funding. Metafy plans to demarcate $1M of capital towards a fund that it will invest into competitive tournaments and other gaming-community events. DCM co-led Metafy’s Seed round in 2021.
SoFi receives regulatory approval to become a national bank
SoFi’s application to become a national bank holding company has been approved by federal regulators. The new charter designation will help SoFi expand its products and services.
Tempo awarded “Best Connected” fitness device
Congratulations to smart home-fitness platform Tempo, which was named one of the “Best Connected” fitness devices in the 2022 Men’s Health Home Gym Awards.
China
Urtopia announces $10M Pre-A round
Urtopia, a direct-to-consumer smart e-bike brand, raised $10M in a Pre-A round co-led by DCM and Lightspeed China. The startup aims to bring revolutionary e-bikes to the global market and encourage people to lead healthy, sustainable lives.
PeroPure announces $10M Pre-A round
PeroPure, an air purification and pollutant disinfectant technology company, raised nearly $10M in Pre-A and Pre-A+ funding rounds led by DCM and ZhenFund. The funds will be used for existing product iterations, research and development of disinfection robots, team expansion and market development.
Japan
Enechain announces ¥1.6B (~USD $12M) funding round
Enechain, the largest energy marketplace operator in Japan, raised ¥1.6B in funding from DCM and Minerva Growth Partners. Enechain, which allows people to buy and sell electricity online, intends to use the new funds for hiring, recruiting new users and acquisitions.
Global
Amber Group announces $200M Series B+ round
Amber Group, a global digital asset platform, raised $200M in a Series B+ round. The Singapore-based crypto startup is now valued at $3B. DCM participated in Amber Group’s $100M Series B in 2021.
Moove Raises $105M
Moove, a vehicle financing platform empowering mobility entrepreneurs, raised $105M from numerous investors. The startup is on a mission to democratize vehicle ownership by providing revenue-based vehicle financing to mobility entrepreneurs across Africa. Moove aims to use the new funds to scale its services to international markets. DCM participated in Moove’s Series A in 2021.
