Menlo Park, Calif. – Venture capital firm DCM on Thursday
announced the launch of the first Google (NASD: GOOG) Android mobile ecosystem-focused fund, the
"A-Fund," backed with $100 million from a range of Asian investors.
Among them are Japanese mobile gaming social network GREE, Japanese mobile
operator KDDI, and Chinese Internet services firm Tencent.
DCM said it will
announce additional backers, including a U.S. semiconductor firm, in coming
weeks.
"The rise of Android is a rare and massive opportunity — one that
comes only once in a major tech cycle," said David Chao, co-founder and
general partner, DCM.
"The A-Fund will seek out the most promising
companies enhancing and extending the rich open Android ecosystem — in mobile
and beyond — including applications, services, and enabling
technologies."
DCM said the A-Fund "is open to startups and developers
from around the world, at any stage and size, whose products will shape the
future of the Android ecosystem."
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