DCM named as founder-friendly investor by Inc.; Also named popular VC by Entrepreneur China
DCM was recently named a top VC firm for entrepreneurs by Inc. and one of China’s most popular venture capital institutions by Entrepreneur China. We’re honored to be included and look forward to partnering with more inspired entrepreneurs to build high-impact, global technology companies.
Forbes, Fortune both name Hurst Lin as top VC in China
Congratulations to Hurst Lin for being named one of the 30 most influential investors in China by Fortune China. Hurst was also included on Forbes China’s Top 100 Venture Capitalists’ list, ranking 15th.
David Cheng lands on Insider’s Rising-Star List
Congratulations to David Cheng for being recognized by Insider as an up-and-coming VC to watch in 2022.
Fivestars acquired by SumUp for global expansion
Fivestars, a provider of loyalty, marketing, payments and other services to small merchants, was acquired by European-based SumUp for $317M. Fivestars, which drives over $3B in sales and 100M transactions YoY, will integrate its existing user base and expand into new markets. DCM co-led the Series A in 2012, and Jason Krikorian is a board member.
TravelBank acquired by Bancorp
The all-in-one expense, travel and card solution, TravelBank, was acquired by U.S. Bank’s parent company Bancorp. The acquisition follows a fruitful partnership to integrate the company’s platform with the U.S. Bank Instant Card. DCM led the Series B in 2017.
Fountain announces $85M Series C round
Fountain, a platform that enables companies to hire workers at scale, raised $85M in Series C funding. In 2021, Fountain saw its revenue grow 220% and helped customers like Chipotle Mexican Grill and Liveops process over 16M applicants. DCM led the Series B in 2019, and Kyle Lui is a board member.
Pawp, Breathwrk Founders named to Forbes 30 Under 30
Congratulations to Pawp’s Marc Atiyeh and Andrew Malek and Breathwrk’s Max Gomez for being featured on Forbes’ 30 Under 30 North America list. The founders were recognized as trailblazers in the consumer technology category.
Cyclone Robotics announces $150M Series C round
Cyclone Robotics, a leading robotic processing automation (RPA) company, raised $150M in Series C funding, becoming the largest-ever individual financing round in China’s RPA industry. DCM co-led the Series A in 2019, and Ramon Zeng is a board member.
Linc’well announces Series C round
Linc’well, the company helping to digitize the healthcare industry with its tech-enabled clinic chain and SaaS platform, raised approximately ¥8B ($68.9M) in Series C funding. Since COVID-19, its telemedicine service has rapidly grown to become one of the largest telemedicine services in Japan. DCM was an early investor.
Cyclone Robotics and CADDi named top startups to bet your career on in 2022
Insider included Cyclone Robotics and CADDi on its list of up-and-coming startups that are poised for success. Both were recognized for their recent, explosive growth and meaningful impact on their respective industries in Asia- RPA and supply chain management.
Chia Network and Cyclone Robotics recognized as most promising startups
Chia Network and Cyclone Robotics were featured on The Information’s 50 Most Promising Startups list. Both were selected for their potential to be the most valuable businesses in their respective categories — RPA and blockchain — based on current revenue, business model and growth prospects.
8 DCM portfolios land on CB Insights’ Complete List of Unicorns
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