Technology-focused venture capital firm DCM launched the A-Fund, a $100 million strategic investment initiative targeting applications developed for Google's (NASDAQ:GOOG) Android mobile operating system. DCM--based in Silicon Valley, Tokyo and Beijing--will manage the A-Fund, which includes Japanese mobile social gaming network GREE and Japanese operator KDDI as anchor investors; Chinese web services company Tencent will also lend funding and support. DCM adds a U.S.-based semiconductor firm will formally announce its participation in the coming weeks.
DCM states the A-Fund is open to Android-focused startups and developers worldwide, regardless of stage and size. The fund promises to provide access to resources, relationships and business opportunities catered to the needs of Android related firms--DCM and its corporate partners will supply capital assistance, global business expertise, business development support and other services.
For more:
- read this release
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