Tag Archives: Digital Sky Technologies

Online Payment Company Klarna Raises $155 Million


Online payment services company Klarna has raised $155 million. What makes Klarna different is that buyers pay after they receive their goods. Klarna raised the funding from DST Global and General Atlantic. Some of this funding will be going towards buying shares from existing shareholders.
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How Much Groupon Executives and Investors Made From The IPO


Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering. The company set their stock price at $20 and yesterday it closed at $26.11. The company was given a valuation of over $17 billion. BusinessInsider.com has compiled a list of how much the executives and investors made from the IPO. Below is the list:
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ZocDoc Raises $50 Million From DST


ZocDoc has raised $50 million in a new round with Digital Sky Technologies (DST). ZocDoc is a company that allows people to find and book appointments with doctors online. As part of this this round of funding, ZocDoc now has a valuation of $700 million.
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Airbnb Raises $112 Million In Series B From Andreessen Horowitz, DST, and General Catalyst


Airbnb has raised $112 million at a $1+ billion valuation. This round of funding was led by Andreessen Horowitz. The split is roughly 60 million from Andreessen, 40 million from DST, and 5 million from General Catalyst. The rest of the split is from previous investors and Jeff Bezos. This round of funding raises Airbnb’s total funding to $119.8 million.
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Spotify Raises Funding At $1 Billion Valuation


Spotify has raised funding that puts them at a $1 billion valuation. Spotify raised $100 million in funding from DST, Accel Partners, and Kleiner Perkins. Spotify has been working on this round of funding for about 6 months. Spotify plans on using this round of funding to pursue a launch for their streaming music service in the U.S. Spotify currently has licensing deals with three out of four of the biggest music labels in the U.S. [AllThingsD]

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Rumor: Airbnb In The Process Of Raising Over $100 Million


Airbnb is close to raising over $100 million based on a valuation of over $1 billion. This round is being lead by Andreessen Horowitz. Participation is expected from DST. Airbnb’s last round of funding was about $7.2 million and included Sequoia Capital, Greylock, SV Angel, Ashton Kutcher, and Youniversity Ventures. Airbnb launched out of Y Combinator.
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Spotify To Raise About $100 Million At A $1 Billion Valuation [RUMOR]


Music streaming service Spotify is planning to raise a $100 million round of funding at a $1 billion valuation very soon. DST and Kleiner Perkins are believed to be involved in this round. Thus far Spotify has raised a total of €82.3 million. Spotify is expected to launch in the U.S. very soon as they are negotiating deals with music labels. [AllThingsD]

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Yuri Milner Launches Start Fund, Giving Every Y Combinator Company $150,000


Venture capitalists Yuri Milner of DST and Ron Conway of SV Angel have launched a new fund called The Start Fund. The first order of business is to invest $150,000 in every Y Combinator start-up company. The $150,000 investment will be convertible debt with no cap and discount.
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Groupon China May Strike A Deal With Tencent


Groupon is currently in talks with major Chinese Internet company Tencent to co-brand a deals website there. Normally Groupon would buy a competitor or a clone and re-brand them, but in this case it sounds like Chicago-based group coupon service is seeking something more.
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Groupon Closes Its $950 Million Series G Round


Group coupon service Groupon.com has completed its $950 million series G round of funding. The best part is the press release title: “Groupon Raises, Like, A Billion Dollars.” I’ve pasted the press release below. The investors in this round include Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake, and Technology Crossover Ventures. Allen & Company LLC acted as financial advisor. The previous funding rounds was led by New Enterprise Associates, Accel Partners, and Mail.ru Group (formerly DST).
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