David Cheng
Partner at DCM
San Francisco, California
Overview
Work Experience
Co-Founder and General Partner
2025 - Current
Coreline Ventures is an early-stage VC firm investing in exceptional companies across the U.S., Japan, and Korea. Combining the resources of a global platform with the personal touch of a boutique investor, our founding team has over a decade of collaboration and has backed breakout companies such as Brigit (acquired by UPBD), CADDi, Craftbank, Enechain, EvenUp, Freee (4478.T), Kakao (KRX: 035720), Linc’well, Playground, Sansan (4443.T), and Weekend Health (acquired by WW). We focus on a small number of high-conviction investments in B2B software, vertical AI, fintech, and consumer applications, enabling us to be deeply involved, long-term partners. If you share our vision for building category-defining companies, visit us at coreline.vc to connect.
Board Member, Series A Investor
2024 - 2024
Software for early child care businesses. Led Series A.
Playground is the one-stop shop for all of the operational and financial needs of early childhood education centers.
Raised $3,350,000.00 from Bedrock and Human Capital.
Partner
2023 - 2024
Principal
2014 - 2023
DCM is a top-performing, early-stage focused global VC firm with $4B+ AUM and a 24-year track record. DCM has invested in 400+ technology companies across 14 funds with a total enterprise value exceeding $200BN. My focus is on Seed to Series B investments in Vertical SaaS, Marketplaces, Consumer Applications, Fintech and Digital Health.
DCM Ventures is a venture capital firm that invests in the mobile, consumer internet, communications, and service sectors.
Board Observer and Seed Investor
2023 - 2024
AI visual storytelling platform. Led seed.
Seed Investor
2021 - 2024
Helping the world's best gamers monetize their talent. Led the seed.
Metafy is an online coaching platform that enables video gamers to monetize their talent through coaching and courses.
Raised $33,749,992.00 from Jeffrey Wilke, cody ko, Naval Ravikant, Steven Galanis, Lachlan Power, Devon Townsend, Tiger Global Management and Seven Seven Six.
Board Observer and Seed Investor
2020 - 2024
AI for Personal Injury attorneys. Led the seed.
EvenUp is a legal tech company developing cloud and AI-based legal case management solutions.
Raised $220,500,000.00 from Lightspeed Venture Partners, PremjiInvest, Bessemer Venture Partners, B Capital, Bain Capital Ventures and SignalFire.
Board Director, Series A Investor
2019 - 2024
Computer vision enabled at-home fitness platform. Led the Series A.
Tempo is a home fitness platform, combining equipment, training guidance, and social motivation with 3D sensors and artificial intelligence.
Raised $298,800,000.00 from Bling Capital, Norwest Venture Partners, SoftBank Vision Fund, General Catalyst, Steadfast Capital and DCM Ventures.
Board Observer and Seed Investor
2018 - 2024
Financial wellness platform for the underbanked. Led the seed. Acq. by Upbound Group (NASDAQ: UPBD)
A financial health app helping every American build a brighter financial future.
Raised $115,000,000.00 from Community Investment Management.
Board Director, Founding Investor
2022 - 2023
Healthcare on your own terms - starting with weight loss. Incubated company. Acquired by WW International (NASDAQ: WW)
Weekend Health is a telehealth platform that connects clients with trained clinicians to make science-based weight loss accessible.
Raised $25,950,000.00.
Advisor - Gold Rush
2020 - 2023
Gold Rush is an accelerator built for and by Asian founders to overcome societal stereotypes, thrive more rapidly, and break the bamboo ceiling by creating and empowering more C-Suite Asian leaders. Gold Rush selects two cohorts of Asian-led companies per year that participate in a 12-week program. The accelerator is a venture of Gold House, the largest nonprofit collective of Asian leaders dedicated to forging stronger bonds that enable more authentic, successful, and longer lives. Learn more on goldhouse.org/goldrush.
Gold House Ventures invests in the most promising Asian and Pacific Islander founded companies.