According to PEdaily.cn,DCM, a global venture capital fund, announced to close fundraising of US$770Min total on July 15, 2016 (Beijing Time).
It’s learned that newfunds include DCM VIII (US$500M) targeting at Round A and B projects; DCM Turbo(US$170M) targeting at Round C projects and the ones at middle and-late stage;DCM A Fund II (US$100M) targeting at seed-stage projects and emerging technologicalprojects.
New financing makes DCM’s AUM worldwide reach US$3B and enables DCM to investin the projects in almost all stages, for example the projects at seed, middleand late stages. DCM will still focus on Round A and B projects. 70.0% of newfunds will be invested in China and DCM’s RMB fund is under financing too.