Tag Archives: Digital Sky Technologies
Online Payment Company Klarna Raises $155 Million
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]
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]
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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