DCM Ventures to Spin Off Seed Division

<p><strong>MENLO PARK<&sol;strong> &&num;8212&semi; DCM Ventures&comma; a global early-stage venture capital firm headquartered in Silicon Valley&comma; announced a change to its investment operations to better serve its limited partners and focus on its core principles of investing in early-stage companies building the future of tech&period; DCM will spin off its pre-seed and seed team into a new&comma; separate firm that General Partner Osuke Honda will lead&period; The new firm &lpar;name to be announced in 2025&rpar; will be focused on investing in pre-seed and seed companies&comma; and its initial fund is expected to invest a majority of its capital in Japan with investments in other markets&period;<&sol;p>&NewLine;<p>&&num;8220&semi;When faced with an ever-evolving venture capital landscape&comma; we believe that focusing on core principles provides the proper foundation for building out our portfolios now and into the future&comma;&&num;8221&semi; said Hurst Lin&comma; General Partner at DCM Ventures&period;<&sol;p>&NewLine;<p>DCM Ventures’ early-stage investment principles&comma; centered on high-conviction backed by data&comma; research and diligence&comma; have guided the firm since inception and have led them to invest in transformational companies such as Bill&period;com&comma; Kuaishou&comma; SoFi&comma; VIPshop and many others&period; These principles enable DCM Ventures to find innovative entrepreneurs with a global vision and actively work with them to build great companies&period; They continue to be the primary focus of the firm and its future funds&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I want to thank the entire DCM team for their incredible support throughout the past 17 years&comma;&&num;8221&semi; said Osuke Honda&comma; General Partner&period; &&num;8220&semi;I am excited for the next chapter&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;We have worked as a multi-stage&comma; global team for many years and have learned a lot from each other&period; We truly wish Osuke all the success in his new endeavor&comma;&&num;8221&semi; added Lin&period;<&sol;p>&NewLine;<p>DCM has offices in the US and Asia with over &dollar;4&period;2 billion under management&period; DCM has invested in more than 400 early-stage technology companies globally<&sol;p>&NewLine;

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