×

Warning

JUser: :_load: Unable to load user with ID: 63
Saturday, 23 April 2011 18:49

$US100m venture funding for Android start-ups

By

US based technology venture capital firm DCM has kicked off a $US100m investment fund, the A-Fund, to take equity in start-up firms developing in Android.

DCM says the fund is "open to startups and developers from around the world, at any stage and size, whose products will shape the future of the Android ecosystem."

The A-Fund will be managed by DCM, an investor in early stage technology companies with offices in Silicon Valley, Beijing and Tokyo. Anchor investors include GREE, Japan's largest mobile gaming social network, and KDDI, Japan's second largest mobile operator. It is not clear how much each partner will tip in DCM's announcement said only that "The A-Fund is a $100 million strategic investment initiative that will focus on startups developing compelling solutions taking advantage of Android's rapid growth."

Funding and support will also come from strategic partner Tencent, one of China's largest integrated Internet services companies. DCM says it plans to announce additional partners in the A-Fund, including a leading US based semiconductor company, in the coming weeks.

DCM CEO and co-founder, David Chao, said: "The A-Fund will seek out the most promising companies enhancing and extending the rich open Android ecosystem - in mobile and beyond - including applications, services, and enabling technologies.

"The A-Fund will create a strong network of top-tier startups and provide access to resources, relationships and business opportunities catered to the needs of Android related companies. DCM and its corporate partners will provide the capital, global business expertise, business development support, and other value-add services needed to succeed in a rapidly evolving market."

You can read more stories on telecommunications in our newsletter ExchangeDaily, click here to sign up for a free trial...

NEW OFFER - ITWIRE LAUNCHES PROMOTIONAL NEWS & CONTENT

Recently iTWire remodelled and relaunched how we approach "Sponsored Content" and this is now referred to as "Promotional News and Content”.

This repositioning of our promotional stories has come about due to customer focus groups and their feedback from PR firms, bloggers and advertising firms.

Your Promotional story will be prominently displayed on the Home Page.

We will also provide you with a second post that will be displayed on every page on the right hand side for at least 6 weeks and also it will appear for 4 weeks in the newsletter every day that goes to 75,000 readers twice daily.

POST YOUR NEWS ON ITWIRE NOW!

MITIGATE FRAUD WITH HYLAND’S DIGITAL CREDENTIALING SOLUTION

Some of the most important records are paper-based documents that are slow to issue, easy to fake and expensive to verify.

Digital licenses and certificates, identity documents and private citizen immunity passports can help you deliver security and mobility for citizens’ information.

Join our webinar: Thursday 4th June 12 midday East Australian time

JOIN WEBINAR!

VENDOR NEWS & WEBINARS

REVIEWS

Recent Comments