Thursday, April 21, 2011

DCM Launches $100M Android Fund

Menlo Park-based venture capital firm DCM announced Thursday afternoon that it has launched a $100 million, Android investment fund. The new A-Fund is backed by Asian firms GREE, KDDI, and Tencent. DCM said the new fund will focus on startups developing solutions taking advantage of Android's rapid growth. GREE is Japan's largest mobile gaming social network; KDDI is the second largest Japanese mobile operator; and Tencent is the Chinese Internet service firm.