Venture capital firm DCM is seeking $250m for its latest fund three years after closing the previous vehicle on $400m.
DCM Ventures China Fund, VII which does not have a minimum investment requirement, has yet to register its first commitment, according to a document filed with the US Securities and Exchange Commission.
The technology-focused firm currently has $2bn under management across seven funds. It has invested in more than 200 companies in the US and Asia since its inception in 1996.
Earlier this month DCM led a $10m Series B for location and communication app Life360.
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