Nan Bai

Nan Bai is a Principal at DCM Ventures based in San Francisco, California, where she leads seed and Series A investments across North American and Asian markets. Before assuming her current position in January 2024, she served as an investor at GGV Capital and worked as an analyst at Bain & Company. Her venture capital portfolio features prominent technology companies, highlighted by an early-stage investment in the artificial intelligence research firm Anthropic. In March 2025, she led her firm's participation in a $100 million Series A funding round for an emerging AI infrastructure startup, further adding to her track record of backing multiple unicorns. She holds a Master of Business Administration degree from the Stanford Graduate School of Business. Bai currently focuses on executing data-driven investments within the consumer internet, enterprise software, and frontier technology sectors.