KDDI, GREE To Invest $50 mil In Android-related Fund

DCM, a Silicon Valley-based venture capital firm, announced the launch of the world's first Android-focused fund "A-Fund". The A-fund, which targets $100 million, will focus on startups which develop compelling solutions by taking advantage of Android's rapid growth. The A-Fund's anchor investors include GREE Inc., Japan's largest mobile gaming social network, and KDDI Corp., Japan's second largest mobile operator, with each investing $25 million.