111 Views

VC-backed DXY rakes in $70 mln from Tencent

DXY, which is backed by DCM and Shunwei China Internet Fund, said Monday that it has secured $70 million in funding from Tencent. In conjunction with the funding, David Feng, vice president of DXY and Richard Peng, vice president of Tencent, will join DXY’s board. Based in China, DXY is an online healthcare service community.

220 Views

Atlas Venture leads $2.25 mln seed round in Button

Atlas Venture has led a $2.25 million seed round in Button, a New York City-based startup focused on creating more efficient methods of finding and retaining customers for on-demand companies like Uber and Instacart. Other investors in the seed round included DCM, Greycroft Partners, Mesa+ and VaynerRSE along with angel investors Tim Kendall, head of product at Pinterest, Ray Rothrock, former partner at Venrock, Scott Kurnit, founder of about.com and Gary Fritz, former president of Expedia Partner Services Group.

175 Views

DCM leads $10 mln round for Yik Yak

Yik Yak, a hyper-local community building app, said Monday that it has closed $10 million in funding. DCM led the round with participation from Azure Capital Partners, Renren and Tim Draper. Concurrent with the funding, Yik Yak has named Alan Masarek, co-founder and former CEO of Quickoffice and David Chao of DCM, to its board.

103 Views

DCM leads $14 mln round for Sansan

Sansan, a Tokyo-based contact management service provider, has closed $14 million in funding. DCM led the round with participation from Innovation Network Corp. of Japan, Nikkei Digital Media, Energy and Environment Investment and GMO Venture Partners. According to the firm, the capital will be used to launch its cloud-based contact management service in the U.S. this month as well as accelerate international expansion.

162 Views

ADT invests in VC-backed Life360 app

Security provider ADT has acquired a minority stake in Life360 for $25 million. Also, ADT is leading a $50 million Series C round for Life360, a location and communication app for families. Life360’s backers include Duchossois Capital Partners, DCM, Fontinalis Partners, Bessemer Venture Partners and Expansion Venture Capital.

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Gains in venture performance lift University of California portfolio: VCJ

A maturing slice of the University of California’s venture portfolio is benefiting from the venture industry’s performance gains of the past year, according to affiliate magazine Venture Capital Journal. The majority of the 20 funds the university holds with vintages of 2003 to 2006 advanced smartly in 2013 and 17 now have positive IRRs.

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DerbySoft grabs $9 mln from DCM

DerbySoft has closed $9 million in Series D funding from venture firm DCM. Based in Dallas, DerbySoft connects hotels to most travel booking sites.

Intel completes VC-backed Basis Science acquisition

Intel has closed its buy of Basis Science. No financial terms were disclosed. Headquartered in San Francisco, Basis is a wearable device tech company that focuses on health and wellness. Its backers included Norwest Venture Partners, Doll Capital Management, iNovia Capital, Peninsula Ventures and Mayfield Fund.

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Augmedix raises $3.2 mln

Augmedix said Wednesday it raised $3.2 million in venture funding from DCM and Emergence Capital Partners. The funding closed last August. San Francisco-based Augmedix provides an app that allows doctors to use Google Glass.

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DCM raises $330 mln for new fund

DCM announced it has closed Fund VII with $330 million in commitments. The firm makes early-stage bets in the United States, China and Japan, and is an investor in such U.S.-listed Chinese companies as 58.com, Renren and Vipshop. The firm didn’t disclose investors in the new fund, but limited partners in Fund VI include Kentucky Retirement […]

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