DCM Newsletter — Q3 2021
U.S.
Matterport goes public on Nasdaq
Congratulations to Matterport (Nasdaq: MTTR) on going public! The spatial data platform went public in July through a SPAC transaction valued at $3B. DCM led the Series B in 2014. For some more information on our journey with Matterport, check out our blog post.
Enovix goes public on Nasdaq
Enovix (Nasdaq: ENVX), the next-generation lithium-ion battery provider for portable electronics, went public through a SPAC transaction and raised $405M to accelerate the production of its energy-rich batteries. The company also announced a contract with the Department of Defense. DCM led the Series A in 2007.
Musely democratizes skincare
Musely, the online provider for skincare medical treatments and prescription products, is breaking down the barriers that over 84.5M Americans face: access to affordable skincare products. To date, Musely has helped over 250,000 patients and cut medication costs and the number of doctor visits by 10 for its users. DCM led Musely’s Series A in 2013.
Kyle Lui lands on SVBJ’s 40 Under 40
Congratulations to Kyle Lui for being featured on Silicon Valley Business Journal’s 2021 40 Under 40 list!
China
Z-Trip announces Series B round
Z-Trip, the end-to-end business travel management platform, raised its Series B. With over 1,500 enterprise and corporate companies as customers, Z-Trip has seen annual growth of over 200%. DCM led the Series A in 2020. For more insights, check out our blog post.
Cyclone Robotics recognized by Gartner, Forrester Wave
Cyclone Robotics, a leading robotic processing automation (RPA) company, was recognized in Gartner’s 2021 Magic Quadrant for RPA, a global research report that compares the strengths and weaknesses across RPA vendors. Cyclone was also named an “Outstanding Performer” by Forrester Wave. For more insights, check out our blog post.
Japan
CADDi announces $73M Series B round
CADDi, a Tokyo-based B2B ordering and supply platform in the manufacturing and procurement industry, raised $73M in Series B funding. During the pandemic, demand for CADDi’s business surged. DCM is the largest shareholder and investor since the company’s seed funding in 2017.
Atama Plus announces ¥5.1B Series B round
Edtech startup Atama Plus raised ¥5B (approximately $46.4M) in Series B funding. The platform, which harnesses AI to shorten the time needed to acquire basic academic skills, is currently being used in over 2,500 Japanese classrooms. DCM led the seed round in 2018, and Osuke Honda is a board member.
Global
Picsart achieves unicorn status
Picsart, the world’s largest creative platform, raised $130M in Series C funding at an est. $1.5B valuation. With over 1B downloads across 180 countries, more than 150M customers use Picsart to make edits on photos and videos each month. DCM co-led Picsart’s Series B in 2016, and Osuke Honda is an advisory board member.
Moove announces $23M Series A round
Moove, an African mobility company, raised $23M in Series A funding. Moove has already launched across 3 cities in 12 months and is Uber’s exclusive vehicle financing and vehicle supply partner in Sub-Saharan Africa. To date, Moove-financed cars have completed more than 850,000 Uber trips.
Want to subscribe to the newsletter? Click here to sign up.
