Mobile

Android startups get their own A-Fund from DCM

The tech world already has an iFund for iPhone and iPad startups, not to mention a BlackBerry Partners Fund for their BlackBerry counterparts, so hey, why not an A-Fund for Android too?

That’s what venture firm DCM annnounced today. The firm said in a press release that it’s “open to startups and developers from around the world, at any stage and size, whose products will shape the future of the Android ecosystem.”

It sounds like this fund will be international in scope, with a particular focus on Asia. DCM itself has a presence in Beijing and Tokyo (as well as Silicon Valley), while Japanese mobile social gaming network GREE, Japanese mobile operator KDDI, and Chinese Internet giant Tencent are investors in the fund.

“The A-Fund will give startups the ability to take advantage of Android’s inherent international potential, and access to top investors and strategic partners across the world,” said GREE founder and chief executive Yoshikazu Tanaka in the release.

The fund size is $100 million, which was also the initial size of the iFund. DCM said it will be announcing more partners in the next few weeks, including a US semiconductor company.

[via AllThingsDigital]

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