DCM Ventures Closes Eighth Flagship Fund At $500M

DCM Ventures has closed its eighth flagship fund, DCM VIII, with US$500 million in committed capital, the firm announced yesterday.

The new vehicle came after DCM closed a US$170 million Turbo Fund focused on growth stage deals and a US$100 million fund focused on seed stage investments across mobile and emerging platforms during the past 18 months.

"In the last three years alone, DCM Ventures distributed over US$1.5 billion back to our limited partners, and we look forward to replicating this success…," says David Chao, co-founder and general partner of DCM Ventures, in the announcement.

The new global flagship fund will continue to invest in early stage companies in digital media, software-as-a-service...

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