Global technology venture capital firm DCM has named the first seven companies to receive backing from its $100 million Android-focused fund (A-Fund), based their ability to advantage of Android’s rapid growth and its uniquely open platform.
Included in the seven are startups based in the United States, Japan, China, and Korea. They are: PapayaMobile, the leading Android mobile social gaming network with over 30 million users in China and the U.S; Appia, creators of a white-label mobile app store platform currently processing over 1 million downloads per day for operators, handset manufacturers, and other partners; Billing Revolution, a mobile payments company that enables secure payment transactions through their PCI-compliant Single-Click Checkout platform; Happy Elements, a social game developer with 2.5 million active daily users on Facebook’s non-English market, as well as users on Mixi in Japan and Kaixin001 in China; Kanbox, a leading Chinese cloud storage and sharing service provider; Loki Studios, which makes location and environment-aware smartphone games like their flagship monster battle game, Geomon (pictured); and Kakao Corp., developer of KakaoTalk, a cross-platform mobile messaging application with over 25 million users worldwide.
“We have received an extraordinary amount of enthusiasm from companies worldwide interested in tapping the funding and resources available through the A-Fund,” said Jason Krikorian, general partner at DCM. “The A-Fund’s first portfolio companies feature outstanding entrepreneurs and compelling solutions that will allow them to play a defining role in the emergence of a truly global and disruptive platform.”
The A-Fund is managed by DCM, an investor in early stage technology companies, based in Silicon Valley, Beijing and Tokyo. Anchor investors in the A-Fund include GREE Inc. and KDDI Corp., along with strategic partner Tencent.