Investors have established the first investment vehicle dedicated to Android-focused startups and developers. Dubbed the A-Fund, the $100 million fund will invest between $500,000 and $4 million in products that will shape the Android ecosystem.
The A-Fund is being managed by DCM, a firm with a presence in Silicon Valley, Beijing and Toyko. Additional fund investors represent the top names in Asian mobile and social innovation and include GREE Inc., KDDI Corporation and Tencent.
- GREE and KDDI respectively invest $25 million in the fund.