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DCM

Venture Capital · Founded 1996 · Menlo Park, United States

#154 Investor Ranking 2026 Top 1% of investors worldwide

Early stage VC that partners with inspired entrepreneurs.

310 Portfolio companies+10% in 5 years
52 Unicorns
12 Decacorns
559 Investments
Jul 2026 Last investment
01 · Biggest holdings

DCM’s biggest current holdings.

DCM is a named shareholder in 3 companies. Dealroom estimates those stakes are worth about $358M in total — the disclosed percentage × each company’s latest valuation. The 3 biggest are listed below.

#CompanyEst. stakeValuationEst. value
  1. 1 Beijing EasyShare TechnologyTelecom · Unicorn 9% $3.0B $270M
  2. 2 AkulakuFintech · Unicorn 5% $1.8B $88M
  3. 3 PlentyFood · Unicorn 0.5%

Estimated value = DCM’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. DCM also appears inside investor groups in Amber Group, EvenUp, where a standalone stake isn’t disclosed. See the underlying shareholder registers on Dealroom →

02 · Exits

DCM’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from DCM’s transaction record.

$150B IPO · 2021
Entered Series B+Now $19BMedia
$8.7B IPO · 2021
Entered Series B+Now $19BFintech
$9.0B acquisition · 2014
Now $13BMedia
IPO · 2013
Entered Series B+Now $8.7BMarketing
$5.3B IPO · 2025
Entered Series ANow $6.1BFintech
$1.6B IPO · 2019
Entered Series ANow $4.5BFintech
$535M IPO · 2019
Entered Series B+Now $4.3BSecurity
Vipshop
IPO · 2012
Entered Series B+Now $4.1BFashion
Uxin Group
$3.5B IPO · 2018
Entered Series ANow $529MTransportation
$3.1B acquisition · 2020
Entered Series B+Transportation
$2.9B IPO · 2021
Entered SeedNow $1.5BReal Estate
$1.6B IPO · 2026
Entered Series ANow $2.4BTransportation
03 · Portfolio analysis

Where DCM’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 310 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA213
  2. China131
  3. Japan35
  4. South Korea6
  5. Singapore4
  6. Canada3
  7. Indonesia3
  8. Australia2
  9. Cuba2
  10. Hong Kong2
  11. Israel2
  12. Taiwan2
By sectorCount
  1. Enterprise Software64
  2. Fintech53
  3. Media49
  4. Marketing29
  5. Transportation28
  6. Telecom27
  7. Health26
  8. Food18
  9. Education17
  10. Gaming17
  11. Semiconductors14
  12. Real Estate13
By stage enteredCount
  1. Series A134
  2. Series B+97
  3. Seed76
By growth stageCount
  1. Breakout Stage169
  2. Early Growth122
  3. Late Growth116
  4. Mature7
04 · Portfolio market map

Inside DCM’s portfolio.

The 60 highest-funded portfolio companies, of 310 tracked.

xAI
Enterprise Software · Centicorn
$250B
Kuaishou
Media · Decacorn
$19B
SoFi
Fintech · Decacorn
$19B
UNISOC
Telecom · Unicorn
$3.7B
SMIC
Semiconductors · Decacorn
$97B
Lime
Transportation · Unicorn
$2.4B
Clearwire
Telecom · Unicorn
$2.2B
Uxin Group
Transportation
$529M
Plenty
Food
Akulaku
Fintech · Unicorn
$1.8B
Yongche
Telecom · Unicorn
$1.7B
Careem
Transportation · Unicorn
$3.1B
Pony.ai
Robotics · Unicorn
$7.2B
DXY
Health · Unicorn
$2.0B
Keep
Sports
Amber Group
Fintech · Unicorn
$2.9B
Tuniu
Travel
Abound Solar
Energy
ENOVIX
Energy · Unicorn
$1.0B
Yaoshibang
Health · Unicorn
$1.6B
Moove
Fintech · Unicorn
$2.1B
Youxinpai
Transportation
$680M
Matterport
Real Estate · Unicorn
$1.5B
Figure
Fintech · Unicorn
$6.1B
EvenUp
Legal · Unicorn
$2.0B
BILL
Fintech · Unicorn
$4.5B
AISpeech
Enterprise Software · Unicorn
$1.5B
Pharmaron Holding
Health
$160M
Tempo
Sports
$880M
UCloud Information Technology
Telecom · Unicorn
$2.2B
Force10 Networks
Security
$120M
Maimai
Enterprise Software · Unicorn
$1.0B
WorkTrans
Jobs Recruitment
$560M
Sensors Data
Media
$800M
Haodf
Health · Unicorn
$1.0B
Newmo
Transportation
$643M
Hims and Hers Health
Health · Unicorn
$7.7B
Zaihui
Enterprise Software
$800M
CADDi
Event Tech
$315M
Revel Systems
Food
$250M
BridgeLux
Energy
$100M
UniUni
Transportation
$350M
Beijing EasyShare Technology
Telecom · Unicorn
$3.0B
Cyclone
Enterprise Software
$750M
Freee
Fintech · Unicorn
$1.1B
EKuaibao
Fintech
$616M
Shift Technologies
Transportation
Grin
Transportation
$600M
Fountain
Jobs Recruitment
$400M
Modern Animal
Health
$184M
VIPThink
Education
$720M
Turin Networks
Telecom
$210M
Jackpocket
Gaming
$750M
PicsArt
Media · Unicorn
$1.0B
Shanghai Zhaoyou Information Technology
Energy
$600M
Cortina Systems
Semiconductors
$131M
YunQuNa
Transportation · Unicorn
$1.0B
Eaze
Health
$140M
UJET
Enterprise Software
$500M
Skylo
Telecom
$515M
05 · Portfolio founders

Where DCM’s portfolio founders come from.

145 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States59
  2. China43
  3. Japan15
  4. Singapore6
  5. Hong Kong3
  6. Bangladesh2
  7. Canada2
  8. Mexico2
  9. Netherlands2
  10. United Arab Emirates2
UniversityCount
  1. Stanford University8
  2. Tsinghua University8
  3. Wharton School of the University of Pennsylvania5
  4. Carnegie Mellon University4
  5. Harvard University4
  6. Stanford University Graduate School of Business4
  7. University of California, Berkeley4
  8. Keio University3
  9. London School of Economics and Political Science3
  10. UC Berkeley, Haas Business School3
Previous companyCount
  1. Alphabet | Google9
  2. McKinsey & Company5
  3. Microsoft4
  4. Bain & Company3
  5. Goldman Sachs3
  6. Google DeepMind3
  7. Lycos Europe3
  8. Stanford University3
  9. Accenture2
  10. Baidu2