Investors Shoveling $100 Million Into the Android Ecosystem
This is a pleasant piece of news this good Friday morning. DCM – an investment firm in Silicon Valley – has announced A-Fund, a $100 million pool of money headed straight for up and coming players in the Android ecosystem. DCM is one of many firms who have identified Android as the hottest thing going in mobile right now and they’re looking to capitalize on that by helping Android-focused startups with capital.
What really pushed them to do this was Android’s rise to dominance in Asia, including countries such as Japan, China, and Taiwan. If you need a bit more history on their success, Zynga is just one name of many that they saw dollar signs in starting out.
DCM has not yet announced which companies will see investments from the A-Fund, but four are expected to be announced next month. Let’s hope this pushes Android over the top and has developers competing for top dollar in the Android market. [Mashable]