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PapayaMobile, Android Developers See Funding From DCM's A-Fund

Menlo Park, CA-based investment firm Doll Capital Management has announced seven startups that will receive funding from its $100-million Android-focused A-Fund, including mobile social gaming network PapayaMobile.
Menlo Park, CA-based investment firm Doll Capital Management has announced seven startups that will receive the first round of money from its $100-million, Android-focused A-Fund, including mobile social gaming network PapayaMobile. The news comes after Papaya recently passed 25 million users for its Android-centered network and development platform, which had already secured $18 million in funding earlier this year. Also included in the new A-Fund funding are Beijing-based My Kingdom developer Happy Elements, which recently announced $30 million in new funding, and location-aware game studio Loki Studios, the company behind augmented reality title Geomon. Each company will receive $250,000 to $5 million from the fund, according to a TechCrunch report, and DCM says its planning to use the fund to invest in nearly two dozen more Android-focused companies in the next three years. Other companies receiving money from A-fund include white-label Android app platform Appia, payment solution Billing Revolution, Chinese cloud storage provider Kanbox and cross-platform messaging maker Kakao.

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