Dcm
Institutional venture firm, based in Menlo Park, California, reporting $2.8B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
15 additional team members, 37 additional co-investors and affiliates, 181 additional investments, funds and LPs, 53 events, 12 verified contacts (9 professional url, 2 general firm email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 companynew in 12 months
1 new company in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 4 dealswith Bling Capital
Invests most often alongside Bling Capital (4 shared deals) and Lightspeed Venture Partners (4 shared deals).
pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- PartnerWhy: Partner: part of the investment decisionProfile
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
Relationship network
243 connected entities22 observed rounds7 repeat counterparties
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Dcm: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Dcm
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
154 companies on record, 1 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| 1 Mainstream | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| 51job | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| 51Talk | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, fintech, marketplaces, space, logistics, gaming, media, b2b
- Stages
- early
- Geography
- asia, global, globally, worldwide
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
12 current, 9 departed
Decision makers
- Fiona Huang · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibilityLinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
- Frank Hurst Lin · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Zhenyu Zeng · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Partner
- Partner
- Partner
9 departed (kept with end dates)
- Carlton G. Amdahl · Partner · Jul 1, 2010 to Mar 27, 2015 Inference
- Dixon R. Doll · Partner · Jul 1, 2010 to Mar 27, 2015 Inference
- Jason G. Krikorian · Partner · Jul 1, 2010 to Mar 31, 2022 Inference
Contacts
2 general firm email, 1 firm phone, 9 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
22 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Fund 1496750 | Fund | 2022 adv first reported | Active deployment | $8.4M Mar 31, 2026 | 14 | unknown | unknown |
| Fund 557018 | Fund | 2020 adv first reported | Mature | $5.4M Mar 31, 2026 | 5 | unknown | unknown |
| Fund 428156 | Fund | 2019 adv first reported | Mature | $744M Mar 31, 2026 | 81 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
80 co-investors · on 1 other DFX graph
Co-investors
- 2026-10-014 shared deals · strong
- 2012-05-034 shared deals · strong
- 2026-10-013 shared deals · recurring
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Dcm is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
58 dated events, 76 observations from 4 sources
Timeline
- Mar 31, 2026Osuke Honda (Partner) no longer on Schedule A of Dcm
- Mar 31, 2026Matthew C. Bonner (Chief Operating Officer & Legal Partner) no longer on Schedule A of Dcm
- Mar 28, 2024Fund 489734 first reported on Form ADV by Dcm (Venture Capital Fund), GAV $135,656,566
- Mar 28, 2024Fund 553276 no longer reported on Form ADV by Dcm
- Mar 28, 2024Fund 417046 no longer reported on Form ADV by Dcm
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 20 private fundsShowHide
- Headquarters
- Menlo Park, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- DCM.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 20 (20 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $2.7Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- DCM Management International, Ltd (General Partner), owns under 5%
Classification history
Classification history
Every classification this record has carried4 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $2.8B across 22 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $3.1B across 22 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $339M across 5 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $475M across 6 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Jul 31, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Jul 31, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Jul 31, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-07-31 | Jul 31, 2024 | Fact | Form ADV |
| SEC status | Mar 31, 2026 | Fact | Form ADV | |
| SEC status effective | 2012-03-30 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Jul 31, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Jul 31, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Headquarters | Menlo Park, CA | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Menlo Park, CA | Jul 31, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Jul 31, 2024 | Fact | Form ADV | |
| Legal form | Limited Partnership | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Limited Partnership | Jul 31, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 14, 2026 | Fact | ||
| Private funds reported | 20 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 20 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 23 | Jul 31, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.7B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.7B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $3.2B | Jul 31, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 31, 2026 | Fact | Form ADV |
| Stated geography | Asia, global, globally, worldwide “geography words on the home page” | Oct 1, 2026 | Fact | |
| Stated geography | Asia, global, globally, worldwide “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Asia, global, globally, worldwide “geography words on the home page” | Sep 14, 2026 | Fact | |
| Stated sectors | AI, fintech, marketplaces, space, logistics, gaming, media, B2B “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, fintech, marketplaces, space, logistics, gaming, media, B2B “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, fintech, marketplaces, space, logistics, gaming, media, B2B “sector words on the home page” | Sep 14, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Oct 1, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 14, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 14, 2026 | Fact | ||
| Venture funds reported | 20 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 20 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 23 | Jul 31, 2024 | Fact | Form ADV |
| Website | Jul 31, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $2.8B across 22 vehicles
- importance
- gav: 0.74 · funds: 1 · people: 0.52 · investments: 0.82 · co investors: 0.77
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-04-13
- emerging manager
- fund count: 33 · reported gav: $2.8B · first adv filing: 2012-03-30 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2012-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.