Archive for the ‘DST’ Category

Online Payment Company Klarna Raises $155 Million

Amit Chowdhry | December 12, 2011 | 335 views | Add a Comment
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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.

ZocDoc Raises $50 Million From DST

Amit Chowdhry | August 2, 2011 | 447 views | Add a Comment
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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.

Airbnb Raises $112 Million In Series B From Andreessen Horowitz, DST, and General Catalyst

Amit Chowdhry | July 25, 2011 | 821 views | Add a Comment
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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.

Spotify Raises Funding At $1 Billion Valuation

Amit Chowdhry | June 17, 2011 | 880 views | Add a Comment
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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

Amit Chowdhry | May 31, 2011 | 981 views | Add a Comment
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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.

Spotify To Raise About $100 Million At A $1 Billion Valuation [RUMOR]

Amit Chowdhry | February 22, 2011 | 609 views | Add a Comment
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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

Amit Chowdhry | January 30, 2011 | 1,047 views | 1 Comment
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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.

Groupon China May Strike A Deal With Tencent

Amit Chowdhry | January 16, 2011 | 1,812 views | Add a Comment
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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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