DST Global

History

2022

Investing in Fenbeitong Corporate Spending Management Platform

In mid-February 2022, Chinese startup Fenbeitong raised $140 million as part of the C + series financing round, becoming another unicorn in the market. SaaS The company strives to become a leader in corporate spending management China in and, unlike its competitors who focused on providing SaaS services, works according to the SaaS+Payment model. The funding round was led by Yuri Milner the DST Global Fund. Existing investors, Hillhouse Ribbit, Stau, Glade Brook and Bit Rock were joined by D1 Capital Partners, WhaleRock, Saudi Aramco's P7 Ventures and Emergence. As a result, the total amount of attracted investments reached $300 million. More. here

Investing in e-commerce analytics platform Wayflyer

In mid-February 2022, Wayflyer raised $150 million in funding as part of the Series B investment round. The round was led by Yuri Milner's fund DST Global and QED Investors, Prosus, Madrone Capital Partners and JP Morgan and existing investors Left Lane Capital and Guillaume Poise also invested in the company. More details here.

Investing in the UK Checkout payment platform

In mid-January 2022 Checkout , as part of the Series D funding round, she raised $1 billion. The company's valuation grew to $40 billion, which is 167% higher than in 2021. Checkout was invested by Dragoneer, Altimeter Franklin Templeton, GIC,, Insight Partners Qatar Investment Authority, Oxford Tiger Global Endowment Fund, as well as existing investors Blossom Capital, Coatue Management, the DST Yuri Milner Global Fund, Endeavor Ibbit Catalyst and Capital. More. here

Investing in French online bank for freelancers Qonto

In early January 2022, an online bank for freelancers Qonto raised about 486 million euros in the Series D financing round. The valuation startup of this investment transaction increased to 4.4 billion euros. The latest investment round was led by Tiger Global and. The TCV round was also attended by some new investors such as Alkeon, Eurazeo,,, KKR Insight Partners Exor Seeds, Guillaume Pousaz, Gaingels and Ashley Flucas. Existing investors Valar, Alven, DST Global Yuri Milner and also Tencent invested in Qonto. More. here

2021

Investing in Dream Sports sports content platform

On November 24, 2021, the Indian sports content platform Dream Sports announced the raising of $840 million from investors led by Tiger Global and DST Global Yuri Milner. According to the results of the financing round, the startup was estimated at $8 billion. More details here.

Investing in American non-bank Upgrade

Fintech company Upgrade, Inc. announced on November 16, 2021 the attraction of investments in the series F round in the amount of $280 million with a preliminary valuation of the company at $6 billion. More details here.

Investing in the Indian financial services marketplace Cred

On October 19, 2021, Cred announced the attraction of $251 million in investments. According to the results of this round of financing, the startup was estimated at $4.01 billion. The funds received are planned to be used to expand the existing range of products and financial offers for customers. The funding round was led by Tiger Global and Flacon Edge Capital funds. Two new investors also took part in the deal: London-based Marshall Wace and Steadfast Capital. Other participants in this funding round were existing investors Insight Partners, Coatue Management, Sofina, RTP Global and Yuri Milner's DST Global Fund. More details here.

Investing in Gorillas Product Delivery Company

In mid-October 2021, German food delivery company Delivery Hero invested $235 million in Gorillas and now owns 8% of the startup. As part of the $1 billion funding round, Tencent, Coatue, the Yuri Milner Foundation DST Global and Dragoneer also invested in Gorillas. More details here.

Investing in Ajaib trading platform

In early October 2021, the Indonesian company Ajaib, developing the online stock trading platform of the same name, raised $153 million and achieved an estimate of $1 billion just two and a half years after its launch. The DST Global fund invested in the service. More details here.

Investing in Cobo Crypto Asset Management Platform

At the end of September 2021, the Singapore crypto asset management platform Cobo attracted an investment of $40 million to develop decentralized finance, such as services for investigating crimes committed using electronic media (DFaaS). The financing round was conducted by a group of investors led by DST Global Yuri Milner, as well as with the participation of A&T Capital and IMO Ventures. More details here.

Investing in Australian International Remittance Service for Airwallex Business

At the end of September 2021 Airwallex , she announced the raising of $200 million as part of the Sereis E financing round, following which it fintechstartup was estimated at $4 billion. Among the investors was the DST Global fund. Yuri Milner More. here

Investing in the sale service of a Cars24 car

In mid-September 2021, information appeared that the Indian car sale service Cars24 attracts $259 million from eight investors, including the Yuri Milner Fund. More details here.

Investing in Anti-Aging Technology Developer Altos Labs

In early September 2021, it became known that Yuri Milner invested in a technology developer to combat aging called Altos Labs. Most likely, the investment deal was concluded through the DST Global fund owned by a Russian entrepreneur. More details here.

Investing in the cryptocurrency company Matrixport

On August 2, 2021 startup Matrixport , in the field of crypto banking and financial services, allocated from Bitmain Technologies, announced the attraction of financing in the amount of $100 million with an estimate of more than $1 billion. The main investors were funds C Ventures and K3 Ventures. More. here

Investing in legal services chatbots DoNotPay

At the end of July 2021, the American chatbot of legal services DoNotPay attracted $10 million in investments, increasing its valuation to $210 million. Andreessen Horowitz, Lux Capital, Tribe Capital, Felicis Ventures, as well as the Day One Ventures fund, the founder of which is Maria Drokova, the ex-speaker of the Nashi youth movement, who kissed Vladimir Putin in cheek on Seliger in 2009, invested in the startup. More details here.

Investing in South Korean delivery service Kurly

In mid-July 2021, South Korean product delivery startup Kurly raised $200 million in funding. The investment round of Series F was attended by Yuri Milner's fund DST Global, Aspex Management, Sequoia Capital, Hillhouse Capital, Millennium Management and CJ Logistics Corporation. More details here.

The Chinese product delivery service, in which Yuri Milner invested, entered the NYSE

At the end of June 2021, Dingdong Maicai entered the New York Stock Exchange under the ticker DDL. The IPO was not as big as the company originally planned. More details here.

Investing in an online education platform GoStudent

In mid-June 2021, the online educational platform GoStudent, designed for interaction between students and tutors, attracted 205 million euros. The investment round of series C was led by Yuri Milner's fund DST Global, SoftBank also invested in the startup through their fund, Tencent, Dragoneer and previous investors: Coatue, Left Lane Capital and DN Capital. More details here.

Investing in Faire Craft Marketplace

In mid-June 2021, the handicrafts marketplace [Faire'Faire]] raised $260 million, the company's valuation grew to $7 billion. The investment round was led by the venture capital company Sequoia Capital, and Yuri Milner's fund DST Global also invested in Faire. More details here.

Investing in Refyne payday loan service

In mid-June 2021, Refyne's salary loan service announced the raising of $16 million. The investment round of series A headed Leonid's fund BoguslavskogoRTP Global, partners of DST Global and the existing investors of XYZ Capital, QED Investors, Jigsaw VC also invested in Refyne. More details here.

Investing in Figure Technologies blockchain startup

At the end of May 2021, the financial company Figure Technologies, founded by SoFi founder Mike Cagney, announced the raising of $200 million in Series D financing. According to the results of the round, the company's valuation grew to $3.2 billion. More details here.

Investing in Brex Expense Management Software Developer

At the end of April 2021, fintechstartup Brex he raised $425 million as part of the Series D financing round, which was led by a venture capital company, and Tiger Global DST Global also invested in the startup. The capitalization of the startup increased to $7.4 billion. More. here

Investing in Clubhouse Voice Service

In mid-April 2021, Clubhouse announced the closure of a new Series C funding round, led by Andrew Chen of the Andreessen Horowitz Foundation. Tiger Global, entrepreneur Elad Gil, as well as the Yuri Milner DST Global Fund, also invested in the startup. More details here.

Investing in the Indian fintech service Cred

In mid-April 2021 Indianstartup Cred , he announced the raising of $215 million as part of a new round of financing for series D, as a result of which its value reached $2.2 billion. The previous round, which ended in January 2021, brought Cred $81 million in investments and an estimate of about $800 million. The DST Global fund invested in it. More. here

Investing in Fetch Rewards cashback service

In early April 2021, it became known that DST Global Yuri Milner invested in the cashback service Fetch Rewards. The service raised $210 million as part of the Series D funding round led by SoftBank Vision Fund 2, and the value of the company amounted to more than $1 billion. More details here.

Investing in Gorillas Essential Product Delivery Service

At the end of March 2021, the Berlin superfast delivery service for essential products Gorillas raised $290 million. The investment round was led by Coatue Management, Yuri Milner's fund DST Global and Tencent with the participation of Fifth Wall, Greenoaks and existing investor Atlantic Food Labs. More details here.

Investing in cryptocurrency service Blockchain.com

At the end of March 2021, the company Blockchain.com raised $300 million as part of a fundraising round, thanks to which the company's value began to be estimated at $5.2 billion. This happened only a month after cryptocurrency startup raising $120 million with an estimate of $3 billion. DST Global partners, as well as Lightspeed Venture Partners and VY Capital funds, invested in the project. More. here

Investing in Weee Fresh Food Delivery Service!

At the end of March 2021, Weee's fresh Asian food delivery service ! raised $315 million during a series of investments led by the Yuri Milner Foundation DST Global. Among the new investors are funds managed by Blackstone, Arena Holdings and Tiger Global. More details here.

Investing in Zego Smart Insurance

In mid-March 2021, the Zego smart insurance service raised $150 million and was estimated at $1.1 billion according to the results of the funding round. Investors were Yuri Milner's DST Global and Target Global, founded by Russians, as well as General Catalyst, Balderton Capital and Latitude funds. More details here.

Investing in payment solution developer Flutterwave

In early March 2021, the African fintech-startup Flutterwave announced the attraction of $170 million in investments as part of the round of series C. The cost of the startup exceeded $1 billion, which allowed him to join the ranks of unicorns. DST Global invested in it. here More.

Investing in Finnish delivery service Wolt

At the end of January 2021, the Helsinki company Wolt raised $530 million. The investment round was led by the Iconiq Growth Fund with the participation of Tiger Global, KKR, Prosus, EQT Partners, Coatue, as well as the Yuri Milner Fund DST Global. The latest round also included current investors 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners, which previously invested about $302 million in Wolt. More details here.

Investing in Deliveroo food delivery service

In January 2021, it became known that Deliveroo attracted about $180 million in investments. According to the results of the round of financing, the food delivery service was estimated at more than $7 billion. DST Global invested in the service. More details here.

Investing in fintech company Checkout

January 12, 2021 Checkout.com announced the attraction of investments in the amount of $450 million and the receipt of a company estimate of $15 billion. The lead investor in the round of financing was. Tiger Global Management Also involved in the deal was the DST Global fund of the Russian billionaire, Yuri Milner who had previously invested in -. Britishfintechstartup More. here

Investing in the Indian marketplace Udaan

In early January 2021, Udaan announced the attraction of $280 million in investments. Both new and current investors have invested in the Indian B2B-Marketplace. The latter include the DST Global fund of Yuri Milner. More details here.

2020

Exit Wish project during its IPO

In December 2002, the DST Global Fund sold shares in the online platform of cheap things Wish (legal entity - ContextLogic) during its IPO. More details here.

Investing in the Indian used car service Cars24

At the end of November 2020, it became known that the billionaire fund Yuri Milner DST Global invested in a marketplace for the sale of used cars. Cars24

Investing in Digital Bank for Small and Medium Businesses Qonto

In January 2020, Qonto announced the attraction of $115 million in investments. The company held a Series C funding round, which was led by Yuri Milner's DST Fondation and Chinese Internet giant Tencent. More details here.

2019

Investing in Baibu Textile Warehouse Management Cloud Developer

In mid-December 2019, the Yuri MilnerAdST Global Fund invested in the development of the Chinese cloud platform for managing Baibu textile warehouses. More details here.

Investing in joint purchases of essential goods DealShare

In mid-October 2019, the social commerce platform DealShare raised funds in the amount of $11 million. The main investors were Matrix Partners India, the Falcon Edge Capital hedge fund and the DST Global fund. More details here.

Investing in the developer of the Root Insurance smart car insurance system

In August 2019, the Yuri MilneradST Global Fund became one of the leading investors in the E Series round of the American startup Root Insurance. The deal has not yet been closed, but it is assumed that according to its results, the value of a company engaged in smart insurance technologies can reach $3.65 billion. More details here.

Investing in stock trading service without Robinhood commission

On July 22, 2019, Robinhood announced a Series E funding round, following which the company raised $323 million and was valued at $7.6 billion. Among the investors who invested in the stock trading service without a commission was the DST Global fund. More details here.

Investing in the fintech company Nubank, which was estimated at $10 billion

At the end of July 2019, Nubank announced a Series F venture financing round, following which the company raised $400 million. The investors of the Brazilian fintech startup included the fund DST Global Yuri Milner. And this is not the first time he has invested in Nubank. More details here.

Investments in the sale of used sneakers StockX

On April 22, 2019, it became known about the round of financing for the sale of used StockX sneakers, in which the DST Global fund of Russian billionaire Yuri Milner took part. More details here.

Investment in Alan digital insurance service

In mid-February 2019, Alan announced the attraction of $45 million in investments 10 months after collecting $28 million. The new round of funding was led by Index Ventures, and partners of the DST Global Foundation, co-founder of Mail.ru ServiceYuri Milner, also took part in it. More details here.

2011

• On March 30, 2011, it became known that the DST Global investment fund joined a group of investors who invested a large amount (hundreds of millions of dollars) in the largest Chinese retailer 360buy.com^[1]

As part of this round of financing, which became the third for 360buy.com, a number of other companies also invested in the company, including the American retail giant Walmart.

According to analysts, investments in 360buy.com give companies the opportunity to gain a share in China's online commerce market, which continues to grow rapidly. The 360buy.com is expected to enter the exchange within the next few years.

• In June 2011, it became known that Mail.ru Group and DST Global Alisher Usmanov invested $151 million in Groupon, having received a combined 7% stake in the company. The market value of the package may be $1.5 billion.

The discount service Groupon in preparation for the IPO disclosed information about the investments made in it. In particular, in April 2010, Mail.ru Group, then called Digital Sky Technologies (DST), acquired 3.1 million Class F preferred shares for $100 million. And in January 2011, the DST Global Fund bought 1.6 million Class G preferred shares for $51 million.

Thus, the Russians invested $151 million in Groupon. Earlier it was already known that Mail.ru Group and DST Global own minority packages of Groupon, but the amount of investment was not disclosed.

As part of Groupon's preparation for the IPO, each Class F share will be converted into 6 ordinary Class A voting shares, and each Class G share into two Class A shares. Thus, Mail.ru Group will own 18.6 million Class A shares, DST Global - 3.2 million. The shares of these companies in the authorized capital of Groupon will be approximately 6.2% and 1%, respectively.

In voting shares, the share of Russians will be even less. The fact is that Groupon, like Mail.ru Group and Yandex, uses protection from unfriendly absorption by dividing voting shares into two types: ordinary (one share - one vote) and "super-voting." Yandex has one "super-voting" class B share corresponding to 10 votes, Mail.ru Group has a similar class A share - 25. How many votes Groupon will have for one "super-voting" class B action has not yet been decided.

The main owners of Class B shares in Groupon are its three founders. CEO Andrew Mason and Chairman of the Board Eric P. Lefkofsky each own 500 thousand Class B shares through Andrew Mason Trust and Green Media, respectively, a member of the Board of Directors Bradley Keywel through Rugg.

Based on preliminary estimates, the Mail.ru Group package after the IPO will cost $1.24 billion, DST Global - $200 million. In this case, the Mail.ru Group can earn more than $1.1 billion from its investments in Groupon, DST Global - $150 million.

2010

Facebook Investment

In December 2010, it became known that the investment fund DST Global and Goldman Sachs are participating in a new round of investments in Facebook. At the end of December 2010, DST Global and Goldman Sachs acquired shares in a new issue of Facebook for $500 million: the bank invested $450 million, and DST Global^[2] $50 million]. They valued all of Facebook at $50 billion, so Goldman Sachs acquired about 0.9%, and DST Global - 0.1%.

This is part of a larger deal totaling $2 billion, writes the WSJ and confirms a source close to the deal. According to them, another $1.5 billion will be invested by the same Goldman Sachs and DST Global (they will buy Facebook shares directly), as well as third-party investors who will acquire the securities of a new company created by Goldman Sachs for investment in Facebook. There are already more people willing to invest in this SPV than necessary (the minimum contribution is $2 million), one of Goldman Sachs partners knows.

According to Goldman Sachs partner, the deal should be closed in the near future based on the same $50 billion for the whole of Facebook. The contribution of DST Global in the second stage of the transaction will be $75 million, so the fund will invest $125 million in exchange for 0.25% of Facebook.

Facebook DST began to buy shares back in 2009 and has since collected about 10% (subsequently the package eroded slightly). The smaller part - 2.38% - belongs to the holding Mail.ru Group (formerly DST), which has co-owners with DST Global. The rest is from DST Global. Now the total share of DST Global and Mail.ru Group will increase, but will remain below 10%, says a source close to the deal.

In May 2009, DST founder Yuri Milner called Facebook shares a long-term investment designed to increase profitability. While the bet is justified. DST bought the first 1.96% of Facebook's preferred shares in the spring of 2009, based on an estimate of the entire social network of $10 billion. In February 2010, buying 0.8%, the DST estimated 100% of Facebook at $12.5 billion. Details of other transactions were not disclosed.

Current deals with Facebook shares have interested the US Securities and Exchange Commission (SEC). In early January 2011, she began an investigation to find out if it was worth rewriting the disclosure rules for private US companies.

Now companies that do not trade on the exchange and have less than 500 shareholders are not required to publish statements. But deals such as the purchase of Facebook shares by a wide range of investors through the company established by Goldman Sachs raise questions from the SEC, the WSJ said.

The current estimate of Facebook looks overstated, says Finam Management Board Vladislav Kochetkov, but investors buy shares based on growth in financial indicators. At the end of 2010, Secondshares analyst Lou Kerner on Bloomberg suggested that by 2015 Facebook would control up to 20% of all Internet revenues (advertising, revenue from online games and paid services). Then the annual revenue of the network will be about $32 billion, net profit - $13 billion, and capitalization - $200 billion. But if Facebook lags behind forecasts, another soap bubble may burst, Kochetkov admits: after all, Facebook mainly has financial investors.

So far, however, the market believes in the vision of DST Global and Goldman Sachs. Yesterday, the private paper trading platform in the secondary market of Sharepost estimated 100% of Facebook at $53.7 billion.

Allocation of international assets of Alisher Usmanov from Mail.ru and creation of DST Global

In 2010, before Mail.ru Group entered the IPO, it was decided to allocate a number of international assets acquired at the expense of Mail.ru Group shareholders. Thus, DST Global was formed, one of the investors in the first funds of which was the largest shareholder of Mail.ru Group Alisher Usmanov.

When allocated from the DST Mail.ru Group, a number of assets did not enter it, which are presented below.

• 100% in the Estonian company Forticom, which owns social networks in Lithuania (one.lt), Latvia (one.lv), Estonia (one.ee), as well as the Latvian video portal Videogaga^[1]

• Non-control packages in the Nigma search engine and the Ukrainian search engine meta.ua.
• In 2007, DST acquired a 15% stake in the B2B-center.
• Since January 2008, owns 25.1% of Sape LLC (manages the Sape.ru reference exchange), follows from the data of SPARK-Interfax. This was confirmed to Vedomosti by a source close to Sapa, according to which the annual turnover of the exchange is tens of millions of dollars. The DST does not comment on this.

DST also owns:

• Express Gold Payment System,
• advertising company "Director Contact,"

According to SPARK-Interfax, DST owns shares in:

• in the advertising network AdRiver,
• blogs Diary.ru,
• subscription service Subscribe.ru.

One of its most unexpected assets is 50% plus 1 share of LLC Нонэйм.ру. To this LLC, according to RosNIIROS, the nnm.ru website is registered - a blogging service known in runet, designed to exchange free content. Recently, nnm.ru was transferred to the ownership of Mail.ru, says a source close to it.

Nnm.ru with an audience of about 100,000 people a day, it is among the top 100 most visited runet sites, says Finam CEO Vladislav Kochetkov. Users nnm.ru post software, video and music; unlicensed content is also found, says Anna Lavrinova, deputy director of the Non-Profit Partnership of Software Suppliers (NP SPT). True, the NP SPT has a special account on the nnm.ru to remove such content.

A manager close to Mail.ru explained: nnm.ru the company inherited from Astrum. Now Mail.ru is not engaged in this project, she plans to either "put nnm.ru in order," or leave this asset.

Nnm.ru earns up to $0.4-0.6 million a year from contextual advertising, Kochetkov estimates. This resource is interesting not so much as a source of revenue, but as a traffic generator that can be redirected to other resources, he said.