Venture firm DCM raises $400M fund, enlists Slingbox creator
DCM , a venture firm that invests in the United States, China, and Japan, announced today that it has finished raising two new funds. The big one is DCM Fund VI, the latest version of its main fund for early-stage investments, for which it raised more than $400 million. It also announced a new fund of 200 million Chinese yuan ($29.5 million) to make investments in China. And because announcing new funding apparently wasn’t enough, DCM also revealed that it has two new general partners — Jason Krikorian, cofounder of DCM investment Sling Media (which was acquired by Echostar) and creator of its Slingbox TV streaming device; and Osuke Honda, who already works in DCM’s Tokyo office and is being promoted. The Wall Street Journal described DCM’s Chinese fund as part a growing trend of firms raising funds in China’s currency to make it easier to invest
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Venture firm DCM raises $400M fund, enlists Slingbox creator