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As interest grows, Android gets $100 million investment fund
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As interest grows, Android gets $100 million investment fund

 We've followed the growth of the Android behemoth for a while, but now investment firms have started taking an interest in Android and offering money to startups and developers to bring Android even further to the top. Silicon Valley based investment firm DCM, who have been heavily investing in chinese internet companies, have announced a $100 million fund to help startups developing apps, services or hardware related to Android develop ideas that will make Android better. More info past the break. 

 Kleiner Perkins, one of the most well-respected Silicon Valley venture capital firms have already dropped $200 million on their iOS-based iFund, but now it's Android's chance to shine. DCM has attracted some major talent in terms of advisors and investors, including mobile social gaming network GREE, Japanese mobile operator KDDI, and Chinese Internet giant Tencent. DCM general partner David Chao said about the fund: "We are just seeing the tip of the iceberg in terms of Android becoming a dominant operating system in terms of mobile and connected systems". And it's obviously good news when a dominant investment force praises Android and gets ready to offload $100 million onto it. 

The fund is focused around the Asian space, though Chao vowed that anyone would have access to the funding so long as the ideas they bring to the table are good enough to produce the desired outcome. Openfeint had previously announced a similar investent in Android mainly aimed at mobile gaming, and Accel Partners, another large venture capital firm had predicted 2011 to be a good year to invest in Android as interest expands and more and more apps creep into the market. Also, Honeycomb tablets are set to explode in sales when they finally start rolling out en masse, promising to take on the iPad

Image: taranfx.com

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