Qualcomm Ventures backs Dolphin Browser Series B round

Established in early 2010, Dolphin started its business on the Android platform and has generated eight million overseas downloads in 15 months since inception. The Chinese version arrived last July, when Sequoia Capital and Matrix Partners China jointly contributed $10 million to a Series A round of funding.

"Mobile browsers are now a very important tool for (mobile) end-users," James Shen, vice president and managing director of Qualcomm Ventures China, told local media. "Dolphin Browser has also integrated different applications such as Sina Weibo and Evernote."

Qualcomm Ventures was founded in 2000 and given $500 million to make strategic investments in early-stage high-tech ventures. Three years later, it launched a China-specific fund of $100 million to target early- to mid-stage local companies engaged in CDMA-based products, applications and services.

 

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• Topics
• Greater China
• Technology
• Early-stage
• China
• Qualcomm Ventures
• Sequoia Capital
• Matrix Partners
• TMT
• Venture