David Cheng
Partner at DCM
San Francisco, California
Overview
Work Experience
Partner
2023 - Current
Principal
2014 - 2023
DCM is a top-performing, early-stage focused global VC firm with $4B+ AUM and a 24-year track record. DCM has invested in 400+ technology companies across 14 funds with a total enterprise value exceeding $200BN. My focus is on Seed to Series B investments in Vertical SaaS, Marketplaces, Consumer Applications, Fintech and Digital Health.
DCM Ventures is a venture capital firm that invests in the mobile, consumer internet, communications, and service sectors.
Board Observer and Seed Investor
2020
AI powered SaaS for Personal Injury attorneys. Led the seed.
EvenUp is a legal tech company developing cloud and AI-based legal case management solutions.
Raised $220,500,000.00 from Lightspeed Venture Partners, PremjiInvest, Bessemer Venture Partners, B Capital, Bain Capital Ventures and SignalFire.
Board Observer and Seed Investor
2018
Financial wellness platform for the underbanked. Led the seed.
A financial health app helping every American build a brighter financial future.
Raised $115,000,000.00 from Community Investment Management.
Board Director, Series A Investor
2019
Computer vision enabled at-home fitness platform. Led the Series A.
Tempo is a home fitness platform, combining equipment, training guidance, and social motivation with 3D sensors and artificial intelligence.
Raised $298,800,000.00 from Bling Capital, Norwest Venture Partners, SoftBank Vision Fund, General Catalyst, Steadfast Capital and DCM Ventures.
Board Observer, Series A Investor
2016
The world's best indoor vertical farming company that grows produce using one percent of the water and land of traditional agriculture. Led the Series A.
Plenty is a vertical farming company that brings fresh, pesticide-free produce to customers.
Raised $961,000,000.00 from Wyoming Business Council.
Seed Investor
2021
Helping the world's best gamers monetize their talent. Led the seed.
Metafy is an online coaching platform that enables video gamers to monetize their talent through coaching and courses.
Raised $33,749,992.00 from Jeffrey Wilke, cody ko, Naval Ravikant, Steven Galanis, Lachlan Power, Devon Townsend, Tiger Global Management and Seven Seven Six.
Seed Investor
2021
First residential marketplace with cashback rewards. Led the seed.
Lighthouse is a rental app where every property offers rewards for renting.
Board Director, Founding Investor
2022 - 2023
Healthcare on your own terms - starting with weight loss. Incubated company. Acquired by WW International (NASDAQ: WW)
Weekend Health is a telehealth platform that connects clients with trained clinicians to make science-based weight loss accessible.
Raised $25,950,000.00.
Advisor - Gold Rush
2020 - 2023
Gold Rush is an accelerator built for and by Asian founders to overcome societal stereotypes, thrive more rapidly, and break the bamboo ceiling by creating and empowering more C-Suite Asian leaders. Gold Rush selects two cohorts of Asian-led companies per year that participate in a 12-week program. The accelerator is a venture of Gold House, the largest nonprofit collective of Asian leaders dedicated to forging stronger bonds that enable more authentic, successful, and longer lives. Learn more on goldhouse.org/goldrush.
Gold House Ventures invests in the most promising Asian and Pacific Islander founded companies.
Board Director, Seed Investor
2019 - 2022
Hydration company combining the best of UV-C and filtration. Spun out of Rayvio and led first round of funding. Acquired by Brita SE.
LARQ helps people access pristine drinking water easily and sustainably.
Raised $10,700,000.00 from Seventure Partners, DCM Ventures, Propel(X), Gaingels, Heuristic Capital, Capricorn Investment Group, Robert C. Walker, Tolero Ventures, Augment Ventures and Draymond Green.