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Investor profile

DCM

Venture Capital · Founded 1996 · Menlo Park, United States

Early stage VC that partners with inspired entrepreneurs.

310 portfolio companies Venture Capital · $13B invested · 559 investments · Investor rank #195 · Last investment 7/2026
Portfolio companies 310 ↑ 10% 5y
Decacorns 12
Thoroughbreds 29
01 · Biggest holdings

DCM’s biggest current holdings.

The most valuable companies DCM still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names DCM directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 xAICenticorn · Enterprise Software · USA $250B
  2. 2 Beijing EasyShare TechnologyUnicorn · Telecom · China 9% $3.0B $270M
  3. 3 Amber GroupUnicorn · Fintech · Singapore $2.9B
  4. 4 MooveUnicorn · Fintech · UAE $2.1B
  5. 5 DXYUnicorn · Health · China $2.0B
  6. 6 EvenUpUnicorn · Legal · USA $2.0B
  7. 7 AkulakuUnicorn · Fintech · Indonesia 5% $1.8B $88M
  8. 8 YongcheUnicorn · Telecom · China $1.7B
  9. 9 MaimaiUnicorn · Enterprise Software · China $1.0B
  10. 10 PicsArtUnicorn · Media · USA $1.0B
  11. 11 YunQuNaUnicorn · Transportation · China $1.0B
  12. 12 Assured Insurance TechnologiesUnicorn · Enterprise Software · USA $1.0B

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 cap tables 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
$805M IPO · 2009
Now $114BSecurity
$1.8B IPO · 2004
Now $97BSemiconductors
Celestica
IPO · 1998
Now $38BEnergy
$179M IPO · 1999
Now $21BSecurity
$8.7B IPO · 2021
Entered Series B+Now $19BFintech
IPO · 2003
Now $13BMedia
Freescale Semiconductor
IPO · 2011
Now $12BSemiconductors
$187M IPO · 2013
Entered Series B+Now $8.7BMarketing
$1.6B IPO · 2021
Now $7.7BHealth
$4.5B IPO · 2024
Now $7.2BRobotics
$5.3B IPO · 2025
Entered Series ANow $6.1BFintech
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
07 · Key people

Key people at DCM.

Source: Dealroom next-gen API — investor team endpoint.