DCM Newsletter — Q3 2022
DCM Firm News
DCM Japan hired new venture partner
DCM Japan welcomed Ken Wakamatsu to the team as a venture partner. Ken brings significant product development experience from working with companies like Salesforce, Adobe, and Cisco.
DCM Japan launched seed-stage accelerator program
DCM Japan just announced Atlas, its new accelerator program for Japan-focused, seed-stage startups. Through the program, DCM aims to provide support for companies at an even earlier stage than before and to serve as a “map” for entrepreneurs.
US
Fountain named as one of the Next Billion Dollar Startups
Hiring tech startup, Fountain, was named to Forbes’ 8th annual Next Billion Dollar Startups list. Fountain’s platform works to help businesses find hourly workers. DCM is listed as a “lead investor” in the company after leading its Series B in 2019 and participating in its Series C rounds.
Metafy founder featured in Forbes
Metafy founder, Josh Fabian, was featured in a Forbes article discussing his leadership strategy while building the video game coaching platform. DCM supported Metafy early, co-leading its $5.5M seed round in April 2021.
Figure announced partnership with Visa
The blockchain lending startup, Figure, partnered with Visa to offer issuing processor services using Figure’s Banking in a Box online banking platform. DCM led the Seed round for Figure, which has been last valued at $3.2B.
China
Heisenberg Robotics raised millions in angel financing
The AI-powered, smart home gardening solution provider, Heisenberg Robotics, raised millions in angel financing. DCM led the financing with participation from Jiangmen Ventures.
Leapstack named to Forbes Asia 100 To Watch
Insurtech startup, Leapstack, was named to the 2022 Forbes Asia 100 To Watch list, honoring small companies and startups in the Asia-Pacific region that are on the rise and innovating to face real-world challenges. DCM is a key backer of the company since leading Leapstack’s Series A round in 2017.
Japan
Magic Moment raised $8.3M in Series B round
Magic Moment, a sales support technology startup, raised $8.3M in a Series B funding round. DCM participated in the round after leading the company’s Series AA back in March 2021. The funds will be used to further develop the platform’s “Magic Moment Playbook”.
enechain appointed new CFO
Wholesale energy marketplace, enechain, announced the appointment of Yuki Yabuuchi as its Chief Financial Officer. Yabuuchi was CFO of Paidy during its buyout by PayPal and plans to further enechain’s business expansion by bolstering its financial base and management system.
Global
GigaCloud (GCT) debuted on the NASDAQ
GigaCloud Technologies, a China-based e-commerce company, made its NASDAQ debut under GCT. At the end of the first day of trading, the stock had already jumped by 28%. DCM was an early investor in GigaCloud, which hatched $414M in revenue and $29M in net income in 2021.
Glints raised $50M in Series D round
Glints, a career development and talent recruitment platform, raised $50M in a Series D round co-led by DCM, Lavender Hill Capital, and PERSOL Holdings. DCM General Partner, Ramon Zheng, is joining the company’s board to help lead Glints to success. The recent funding will be used for hiring and growing the platform’s talent base in the Philippines and global employer demand.
