DCM Newsletter — Q3 2024
US
Metafy Launched New Digital Products for Creators
Esports and gaming coaching platform Metafy has expanded its suite of opportunities for creators, launching several new digital products. The products streamline the monetization process of content creation and eliminate unnecessary steps to help creators and gamers earn more money. DCM co-led Metafy’s $5.5M Seed round in April 2021.
OpusClip Raised $30M in Funding for Operations and Development
OpusClip, the startup offering AI-powered video tools, raised $30M in funding to expand operations and development efforts. OpusClip turns long videos into high-quality viral clips for users to share on social media to increase their reach. DCM led OpusClip’s Pre-seed round in 2023.
Plenty Inked Deal with Mawarid to Develop Indoor Farms in the Middle East
U.S. vertical farming startup Plenty is forming a joint venture with Mawarid, a subsidiary of Alpha Dhabi Holding, in a $680M deal to develop a network of indoor farms in the Middle East.
The joint venture will build five farms in the region over the next five years. DCM led the company’s Series A round in July 2016.
Skylo Partnered with Verizon to Offer Satellite Coverage to Android Users
Starting this fall, NTN service provider Skylo teamed up with Verizon to use its network to provide texting services for Android phones in areas with unavailable cellular connectivity. DCM co-led Skylo’s Series A round alongside Innovation Endeavors in 2017.
Skylo Announced Enablement of Satellite SOS Feature on Google Pixel 9 Series
Additionally, Skylo announced a collaboration with Google to offer the Satellite SOS feature on the Pixel 9 Series. The feature allows users the ability to contact emergency services when out of network and Wi-Fi range.
Ujet Raised $76M in Funding and Named a New Co-Chief Executive Officer
Ujet, the AI-powered customer service startup, announced $76 million in Series D funding to scale and drive towards profitability. The funding brings Ujet’s valuation to $500 million. Additionally, the company promoted Vasili Triant to co-CEO from chief operating officer. DCM participated in the Series D round.
China
DerbySoft Partnered with Tripadvisor for Display Advertising
Travel technology specialist DerbySoft announced a collaboration with Tripadvisor, the travel platform, to bring display advertising to Derbysoft’s 6,000 hotel partners across Tripadvisor. Through the partnership, DerbySoft’s hotels will be able to reach more of Tripadvisor’s audience and track the success of their campaigns with incremental measurement. DCM led DerbySoft’s $9M Series D round.
FancyTech Recognized on Forbes Asia 100 Startups to Watch List
FancyTech, the AIGC video creation platform, was included on Forbes Asia’s annual list of startups to watch. The list showcases small companies and startups in the Asia-Pacific area that grabbed investors’ attention in 2024. DCM led FancyTech’s Series B round in 2023.
Japan
CADDI Recognized in 2024 Saas Awards
B2B supply chain marketplace CADDi, was recognized in the 2024 Saas Awards for CADDI Drawer, the company’s innovative AI software. CADDI was recognized under the Best SaaS Product for Business Intelligence or Analytics and Best SaaS Product for Engineering Management, PLM, or CAD categories. DCM led CADDI’s Seed round in 2018.
Enechain Teamed Up with Xpansiv for Reciprocal Access to Platform
Enechain, Japan’s largest electricity forwarding market, has partnered with Xpansiv to allow Enechain clients to buy products including International Renewable Energy Certificates, via Xpansiv’s platforms. DCM led Enechain’s Series A round in 2022.
Global
Reforged Labs Announced $3.9M in Seed Funding
GenAI platform for game marketers Reforged Labs announced a $3.9M seed round to enhance AI capabilities and refine creative and performance models to meet the requirements of gaming ads. Reforged Labs helps game marketers to plan, produce, and improve on video ads for user acquisition. DCM led the Seed funding round.
