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The Venture Codex

DCM

2420 Sand Hill Road Suite 200, Menlo Park, CA, 94025, United States

Overview

Venture capital firm supporting technology startups and entrepreneurs.

Founded

1996

Deals ยท 12mo

8

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B

Geographic focus

China
Japan
United States

Sector focus

Finance
Impact Investing
Venture Capital

Investment portfolio

235rounds
NAMEDATESIZE
Navra
Oct 2026Participated
$19 MSeries A
Trovy
Jun 2026Participated
$15 MSeries A
TextQL
Apr 2026Participated
$17 MOther Equity
Dots
Feb 2026Led
$9 MSeries A
OpenArt
Jan 2026Participated
$30 MSeries A
Enechain
Jan 2026Participated
$33 MSeries B
UniUni
Dec 2025Participated
$70 MSeries D
ExploMar
Nov 2025Participated
$10 MSeries A
Lingopal.ai
Feb 2025Led
$14 MSeries A
Siren Care
Jan 2025Participated
$10 MOther Equity
UJET
Sep 2024Participated
$76 MSeries D
Opus Clip
Aug 2024Participated
$30 MOther Equity
Navra
Oct 2026Participated
$19 MSeries A
Trovy
Jun 2026Participated
$15 MSeries A
TextQL
Apr 2026Participated
$17 MOther Equity
Dots
Feb 2026Led
$9 MSeries A
OpenArt
Jan 2026Participated
$30 MSeries A
Enechain
Jan 2026Participated
$33 MSeries B
UniUni
Dec 2025Participated
$70 MSeries D
ExploMar
Nov 2025Participated
$10 MSeries A
Lingopal.ai
Feb 2025Led
$14 MSeries A
Siren Care
Jan 2025Participated
$10 MOther Equity
UJET
Sep 2024Participated
$76 MSeries D
Opus Clip
Aug 2024Participated
$30 MOther Equity
235
Items
...
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Insights

Time horizon

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Deal Distribution

DCM: 235 funding rounds are recorded in the selected participation categories.All available history.
DCM: 235 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1112
Series A2823
Series B1445
Series C+648
Other Equity1629
ICO01
Debt11

Monthly Deal Activity

DCM: 235 deals are recorded across 231 months.All available history.
DCM: 235 deals are recorded across 231 months. All available history
MonthDeals
Aug '072
Sep '071
Oct '070
Nov '070
Dec '071
Jan '081
Feb '080
Mar '080
Apr '081
May '080
Jun '081
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '081
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '091
Aug '091
Sep '090
Oct '090
Nov '092
Dec '091
Jan '100
Feb '100
Mar '101
Apr '101
May '100
Jun '101
Jul '100
Aug '100
Sep '103
Oct '100
Nov '103
Dec '101
Jan '110
Feb '111
Mar '110
Apr '111
May '112
Jun '110
Jul '112
Aug '112
Sep '112
Oct '114
Nov '111
Dec '111
Jan '120
Feb '122
Mar '120
Apr '122
May '120
Jun '121
Jul '121
Aug '122
Sep '122
Oct '121
Nov '121
Dec '122
Jan '130
Feb '132
Mar '133
Apr '131
May '130
Jun '132
Jul '134
Aug '133
Sep '131
Oct '131
Nov '131
Dec '132
Jan '141
Feb '141
Mar '142
Apr '143
May '142
Jun '142
Jul '142
Aug '141
Sep '141
Oct '142
Nov '142
Dec '142
Jan '153
Feb '154
Mar '152
Apr '153
May '151
Jun '154
Jul '150
Aug '153
Sep '155
Oct '150
Nov '151
Dec '150
Jan '163
Feb '160
Mar '161
Apr '162
May '161
Jun '162
Jul '161
Aug '162
Sep '160
Oct '162
Nov '160
Dec '161
Jan '171
Feb '172
Mar '171
Apr '170
May '170
Jun '172
Jul '173
Aug '175
Sep '172
Oct '171
Nov '171
Dec '171
Jan '182
Feb '182
Mar '182
Apr '181
May '181
Jun '181
Jul '181
Aug '182
Sep '180
Oct '181
Nov '180
Dec '182
Jan '190
Feb '193
Mar '192
Apr '190
May '192
Jun '193
Jul '191
Aug '191
Sep '190
Oct '192
Nov '191
Dec '192
Jan '201
Feb '201
Mar '200
Apr '200
May '200
Jun '202
Jul '201
Aug '201
Sep '203
Oct '202
Nov '200
Dec '200
Jan '211
Feb '210
Mar '211
Apr '211
May '212
Jun '213
Jul '210
Aug '212
Sep '210
Oct '211
Nov '211
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '221
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '231
Aug '230
Sep '232
Oct '230
Nov '230
Dec '230
Jan '241
Feb '242
Mar '240
Apr '242
May '240
Jun '240
Jul '240
Aug '242
Sep '241
Oct '240
Nov '240
Dec '240
Jan '251
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '251
Jan '262
Feb '261
Mar '260
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

DCM: Enterprise Software is the largest displayed sector by deal count (93 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

DCM: Enterprise Software is the largest displayed sector by deal count (93 deals). All available history
SectorDeals
Enterprise Software93
Networks, Cloud & Communication88
Fintech42
Media & Entertainment37
Health & Life Sciences32
E-Commerce & Retail27
Consumer & Lifestyle27
Hardware & Robotics26
AI & Machine Learning24
Professional Services24
Data, Analytics & IT19
Manufacturing18
Marketing & Advertising16
Clean Energy & Sustainability14
Real Estate & Construction14
Space & Frontier Tech14
Transportation & Logistics14
Education & Workforce12
Social & Community Platforms11
Developer Tools9
AR/VR8
Crypto & Blockchain8
Gaming & eSports8
Travel & Hospitality5
Cybersecurity & Privacy5
Food & Agriculture4
Government & Defense3

Deal Size Distribution

DCM: 235 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

DCM: 235 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M33
$5M-$10M45
$10M-$25M81
$25M-$50M28
$50M-$100M27
$100M-$250M18
$250M-$500M0
$500M-$1B1
$1B+2

Deals By Geography

DCM: United States has the largest recorded deal count among the displayed regions (172 deals).All available history.

Top 10 of 16 regions; European countries are grouped as Europe.

DCM: United States has the largest recorded deal count among the displayed regions (172 deals). All available history
RegionDeals
United States172
China24
Japan19
Singapore4
Canada2
Hong Kong2
100102
941022
Jamaica1
Brazil1
DCM: 20 co-investors are shown, with Norwest Venture Partners sharing 14 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

DCM: 20 co-investors are shown, with Norwest Venture Partners sharing 14 recorded deals. All available history
Co-investorShared deals
Norwest Venture Partners14
SoftBank10
Lightspeed Venture Partners9
Founders Fund8
Digital Currency Group7
DST Global7
Khosla Ventures7
ONSET Ventures7
Ribbit Capital7
Emergence Capital6
Jafco Ventures6
Redpoint Ventures6
RPM Ventures6
Y Combinator6
Andreessen Horowitz5
Bertelsmann Digital Media Investments5
Felicis Ventures5
Innovation Endeavors5
Kleiner Perkins5
Mayfield5

Investment Strategy

DCM: Led accounts for 32% and participating for 68% of round participation.All available history.
DCM: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led7632%
Participating15968%
DCM: Single-lead accounts for 63% and co-led for 37% of lead dynamics.All available history.
DCM: Single-lead accounts for 63% and co-led for 37% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead4863%
Co-led2837%

Team

David K Chao

Co-Founder & General Partner

Hurst Lin

Co-Founder and General Partner

Ibrahim AlSuwaidi

Principal & Investor

Jason Krikorian

General Partner

Nan Bai

Principal

Osuke Honda

General Partner

Ramon Zeng

General Partner

Weijin Huang

Principal