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DCM along with Gree, KDDI and Tencent have announced their so-called $100M “A-Fund” targeted at Android Developers: http://bit.ly/mhocc8
Today, leading Pacific Rim technology venture capital firm DCM announced the launch of the worldâ€™s first Android-focused fund (â€œA-Fundâ€). The A-FundSM is a $100 million strategic investment initiative that will focus on startups developing compelling solutions taking advantage of Android’s rapid growth.
The A-Fund will be managed by DCM, an investor in early stage technology companies based in Silicon Valley, Beijing and Tokyo. Anchor investors include GREE Inc., Japanâ€™s largest mobile gaming social network, and KDDI Corporation, Japanâ€™s second largest mobile operator. Funding and support will also come from strategic partner Tencent, one of China’s largest integrated Internet services companies. DCM plans to announce additional partners in the A-Fund, including a leading US based semiconductor company, in the coming weeks. â€œThere is an amazing array of ideas and talent waiting to be unleashedâ€
According to WSJ, The A-Fund has made four investments so far. The deals will be announced in the next month or so, along with the announcement of additional A-Fund partners, including a leading U.S.-based semiconductor company. More reactions from around the web.
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!