Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP advised DCM on the deal.
DCM closed the formation of its new DCM IX family of funds with capital commitments reaching $780 million in the aggregate.
Together with its $100 million third A-Fund dedicated to global seed-stage investments, DCM plans to invest in early-stage SaaS and vertical cloud companies, business-to-business and business-to-consumer fintech startups and consumer internet companies.
DCM is a global venture capital firm based in Silicon Valley, Beijing and Tokyo with over $4.2 billion under management. DCM has invested in more than 400 early-stage technology companies globally and provides hands-on operational guidance and a global network of business and financial resources.
The Gunderson deal team was led by Christine Wichrowski and included Steven Franklin (Picture) and Chris Partin.
Law Firms: Gunderson Dettmer;
Clients: DCM Ventures;