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Investors Raise $100 Million to Fund Android Development

A US$100 million investment fund has been set up to invest in Android OS based developers. The "A-Fund" will be managed by DCM, an investor in early stage technology companies based in Silicon Valley, Beijing and Tokyo.

Anchor investors include GREE, Japan's largest mobile gaming social network, and Japanese mobile network, KDDI Corp. Funding and support will also come from China's Tencent.

"The rise of Android is a rare and massive opportunity - one that comes only once in a major tech cycle," said David Chao, co-founder and general partner, DCM. "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."

Led by DCM partners in Silicon Valley, Tokyo and Beijing, the A-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.

Источник: telecoms.com

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