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DFJ DragonFund

Asia, Shanghai, China, Shanghai

Description

DFJ DragonFund is a prominent venture capital firm with a strong focus on early-stage, high-growth, technology-centric companies primarily within China. Established through a collaboration between the renowned Silicon Valley-based Draper Fisher Jurvetson (DFJ) and DragonVenture, the firm leverages global VC expertise with deep local market insights. Headquartered in Shanghai, DFJ DragonFund has positioned itself as a key player in the Chinese innovation ecosystem, aiming to identify and nurture disruptive technologies and business models.

The firm's investment strategy is centered on identifying companies poised for significant scalability and market disruption. DFJ DragonFund actively invests across a diverse range of technology sectors, including artificial intelligence (AI), big data analytics, enterprise software, healthcare technology, new materials, robotics, fintech, advanced manufacturing, and the Internet of Things (IoT). Their approach emphasizes hands-on support, leveraging their extensive network and operational experience to help portfolio companies navigate the complexities of the Chinese market and achieve rapid growth.

DFJ DragonFund typically targets early-stage investments, often participating in Seed, Series A, and early Series B rounds. While specific check sizes can vary based on the stage and capital requirements of the company, their initial investments generally range from approximately $2 million to $15 million. The firm has a track record of raising substantial capital for its funds, demonstrating investor confidence; for instance, DFJ DragonFund III closed at $250 million in 2014, and DFJ DragonFund IV raised $350 million in 2018. This capital enables them to provide significant initial funding and subsequent follow-on investments to support their portfolio companies' long-term development and expansion.

Investor Profile

DFJ DragonFund has backed more than 25 startups, with 1 new investments in the last 12 months alone. The firm has led 4 rounds, about 16% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, China, Spain.
  • Strong thematic focus on Enterprise Software, Software, Electronics.
  • Typical check size: $2M – $15M.

Stage Focus

  • Series A (28%)
  • Series B (24%)
  • Seed (16%)
  • Series C (16%)
  • Series D (8%)
  • Series Unknown (4%)
  • Series E (4%)

Country Focus

  • United States (48%)
  • China (48%)
  • Spain (4%)

Industry Focus

  • Enterprise Software
  • Software
  • Electronics
  • Fintech
  • Internet Of Things
  • Information Technology
  • Finance
  • Artificial Intelligence (Ai)
  • Semiconductor
  • Tv
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does DFJ DragonFund frequently co-invest with?

Allen & Company
North America, Florida, United States, Lakeland
Co-Investments: 2
Draper Associates
North America, California, United States, San Mateo
Co-Investments: 4
PYJ-Dynasty Venture Fund
North America, California, United States, Santa Barbara
Co-Investments: 2
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 3
Tano Capital
North America, California, United States, San Mateo
Co-Investments: 3
Mission Ventures
North America, California, United States, San Diego
Co-Investments: 4
WR Hambrecht
North America, California, United States, San Francisco
Co-Investments: 3
DHVC
North America, California, United States, Palo Alto
Co-Investments: 2
Storm Ventures
North America, California, United States, Menlo Park
Co-Investments: 4
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 3

Which angels does DFJ DragonFund often collaborate with?

David Cheriton
North America, California, United States, Stanford
Shared Deals: 2
BH
Europe, Catalonia, Spain, Barcelona
Shared Deals: 1
Songbo Li
Asia, Zhejiang, China, Changzhou
Shared Deals: 1
JW
North America, New York, United States, New York
Shared Deals: 1
LA
North America, California, United States, San Francisco
Shared Deals: 1
PP
North America, California, United States, Los Angeles
Shared Deals: 1
AA
North America, California, United States, San Francisco
Shared Deals: 1
GD
Europe, Comunidad Valenciana, Spain, Valencia
Shared Deals: 1
AD
North America, California, United States, San Francisco
Shared Deals: 1
AG
Europe, Madrid, Spain, Madrid
Shared Deals: 1

What are some of recent deals done by DFJ DragonFund?

Anda Biopharma

Shenzhen, Guangdong, China

Anda Biopharma is an AI-driven tumor neoantigen therapy developer.

Artificial Intelligence (AI)BiotechnologyGeneticsPharmaceutical
Series AMar 24, 2025
Splashtop

San Jose, California, United States

Splashtop is a provider of remote-desktop support software for business, MSPs, IT, helpdesks, and schools.

Enterprise SoftwareInternet of ThingsSoftware
Series EJan 27, 2021
Amount Raised: $65,000,000
Otter.ai

Mountain View, California, United States

Otter.ai improves business team productivity by providing an app to capture, share and recall all of your meeting notes.

Artificial Intelligence (AI)CollaborationConsumer SoftwareEnterprise SoftwareInformation Technology
Series ANov 20, 2017
Amount Raised: $10,000,000
Hoopox

Beijing, Beijing, China

Hoopox provides technical services related to infrastructure, block chain systems and vertical (specialized) industries.

BlockchainInformation ServicesNetwork Hardware
SeedSep 20, 2017
Amount Raised: $4,258,652
Kubos

Portland, Oregon, United States

Kubos develops a cloud-native mission control platform for satellite operations.

AerospaceSoftware
SeedApr 6, 2017
Amount Raised: $1,650,000
Otter.ai

Mountain View, California, United States

Otter.ai improves business team productivity by providing an app to capture, share and recall all of your meeting notes.

Artificial Intelligence (AI)CollaborationConsumer SoftwareEnterprise SoftwareInformation Technology
SeedSep 15, 2016
Amount Raised: $3,000,000
Verse

Barcelona, Catalonia, Spain

Verse offers a payments platform that allows users to share payments easily, instantly, and with no hidden fees.

Financial ServicesFinTechMobile PaymentsPayments
SeedAug 15, 2015
Amount Raised: $1,800,000
Lomark

Shenzhen, Guangdong, China

Lomark provides mobile advertising solutions, working from a network of offices in 45 cities nationwide.

AdvertisingAdvertising PlatformsMobileMobile Advertising
Series BOct 28, 2014
Amount Raised: $30,000,000
Altobeam

Beijing, Beijing, China

AltoBeam is a fabless IC design company engaged in the designing of digital TV receiver chipsets.

ElectronicsSemiconductorTV
Series DMay 14, 2012
Amount Raised: $6,000,000
Miartech

Shanghai, Shanghai, China

Miartech is a Chinese high-tech enterprise specialized in the fields of energy management and information services.

Clean EnergyElectronicsEnergyEnergy ManagementHardwareInformation TechnologyRenewable Energy
Series BNov 30, 2011
Amount Raised: $10,000,000