DST Global

Invests in late-stage internet ventures across various geographies, focusing on strategic partnerships and long-term growth.

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

About

DST Global is an investment firm that funds late-stage ventures in the internet industry. DST Global has offices in Silicon Valley, New York, London, Beijing, and Hong Kong.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 9, 2026	Fluency	$6.0M Seed	Accel	Archangel Ventures, Carya Venture Partners, NextGen Ventures
Feb 2, 2026	Waymo	$16.0B Series D	Alphabet, Dragoneer Investment Group, DST Global, Sequoia Capital	Andreessen Horowitz, BDT & MSD Partners, Bessemer Venture Partners, CapitalG, Fidelity, Google Ventures, Kleiner Perkins, Mubadala Capital, Perry Creek Capital, Silver Lake, Temasek Holdings, Tiger Global Management, T. Rowe Price
Feb 2, 2026	Biorce	$52.0M Series A	DST Global	Albert Nieto, Arthur Mensch, MSM, Nikolay Storonsky, Norrsken VC, Paulo Rosado, YZR Capital
Jan 26, 2026	Ricursive Intelligence	Venture Round	—	Sequoia, Radical Ventures, Lightspeed
Oct 1, 2025	Base Power	$1.0B Series C	—	8090 Industries, 8VC, Addition, Afore Capital, Altimeter Capital, Andreessen Horowitz, Contrary Capital, CRV, Dragonfly Capital Partners, Felicis Ventures, Founders Fund, J2 Ventures, Kleiner Perkins, Kohala Ventures, Lux Capital, M12, Marlinspike, NFX, Open AI Startup Fund, Ravelin Capital, Sequoia Capital, Thrive Capital, Trust Ventures, Verified Capital, Village Global, XYZ Venture Capital, Elad Gil, Eric Futoran, Larry Braitman, Lawrence Braitman, Ron Pragides
Oct 1, 2025	Harvey	$59.0M Series E	—	Afore Capital, Array Ventures, C2 Investment, Chingona Ventures, Conviction Partners, Innovation Endeavors, Khosla Ventures, Kleiner Perkins, Open AI Startup Fund, Propeller VC, Saga, Sequoia Capital, Verified Capital, Balaji Srinivasan, Elad Gil, Jeff Bezos, Karim Atiyeh, Mei Z., Reshma Saujani, Scott Belsky
Oct 1, 2025	Whatnot	$230.0M Series F	—	Andreessen Horowitz, CapitalG, Greycroft, Sequoia Capital, Wonder Ventures, Y Combinator, Andre Iguodala, Gokul Rajaram, Logan Paul, Ryan Tedder, Steve Aoki
Oct 1, 2025	FleetWorks Technology	$17.0M Series A	—	BASS Investment, CRV, First Round Capital, Shailendra Singh, Salesforce Ventures, Trajectory Ventures, Y Combinator, Shane Neman
Sep 1, 2025	MarqVision	$48.0M Series B	—	BASS Investment, Bessemer Venture Partners, Nexus Venture Partners, Shailendra Singh, Peak XV Partners (formerly Sequoia Capital India & SEA), Akriti Dokania, Salesforce Ventures, Y Combinator, Eoghan McCabe, Paul Graham, Siqi Chen
Sep 1, 2025	Inversion	$27.0M Seed	—	6th Man Ventures, Adjacent, Day One Ventures, Embedded Ventures, Emergence Capital, Aniq Kassam, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Iterative, Kohala Ventures, Lockheed Martin Ventures, Matrix, Otherwise Fund, Paradigm, Spark Capital, Summit Partners, SV Angel, Theory Forge Ventures, Tribe Capital, Y Combinator, Andrew Steinwold, Azeem Azhar, Balaji Srinivasan, Ben Tossell, Kulveer Taggar, Kyle Vogt, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Sep 1, 2025	Tern Group	$24.0M Series A	—	468 Capital, Circle Ventures, Iterative, Lightbank, Mercury Fund, Notion Capital, Outrun Ventures, Pelion Venture Partners, Presight Capital, RTP Global, Mato Peric
Sep 1, 2025	Lava	$18.0M Series A	—	Founders Fund, Han Hua, Khosla Ventures, Kleiner Perkins, Open AI Startup Fund, Quiet Capital, Sequoia Capital, Verified Capital, Anthony Pompliano, Elad Gil, Eric Wu, Steve Lee
Sep 1, 2025	GoodFit	$13.0M Series A	—	Notion Capital, Presight Capital, RTP Global, Mato Peric
Sep 1, 2025	Brale	$30.0M Seed	—	Accel, Acrew Capital, BITKRAFT Ventures, Foundation Capital, Founder Collective, Greylock, Illuminate Ventures, Kindred Ventures, Lightspeed Venture Partners, Ludlow Ventures, Jeff Immelt, Scott Sandell, New Enterprise Associates, Tenacity Venture Capital, The Fintech Fund, Union Square Ventures, Steve Krausz, Greg Kidd, Kunal Shah, Naveen Jain, Shlomo Kramer
Sep 1, 2025	Figure	$1.0B Series C	—	10T Holdings, Alpha Square Group, Conversion Capital, Evolution VC Partners, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Shane Neman
Aug 1, 2025	PayControl	$2.0M Seed	—	AngelList, Cyberstarts VC, Founders Fund, Fuel Ventures, Greycroft, Hetz Ventures, Insight Partners, Mars Growth Capital, Presight Capital, Valar Ventures, Abhinav Asthana, Ben Bernstein, Danny Hadar, Erik Podzuweit, Florian Prucker, Mato Peric, Oliver Jung, Philippe Teixeira da Mota, Yevgeny Dibrov
Aug 1, 2025	Zed Industries	$32.0M Series B	—	Founders Fund, General Catalyst, Greylock, Hanabi Capital, Kleiner Perkins, LGF, Lightspeed Venture Partners, Sequoia Capital, Wellington Management, Elad Gil, Sahin Boydas, Thom Ruhe
Jul 1, 2025	Panacea Financial	$37.0M Series B	—	Presight Capital, Valar Ventures, Jan Beckers, Mato Peric, Philipp Freise
Jul 1, 2025	MaintainX	$150.0M Series D	—	Amity Ventures, Bain Capital, Bain Capital Ventures, Bessemer Venture Partners, Expa, Exponent Founders Capital, Lobby Capital, Jeff Immelt, Nexus Venture Partners, Richard Jhang, Sequoia Capital, Tribe Capital, Y Combinator, Allison Pickens (Allison Pickens Ventures), Brandon Deer, George Burke, Jake Zeller, Jonathan Swanson, Rob Bernshteyn
Jul 1, 2025	Magentic	$6.0M Seed	—	Ambridge Capital, Badhouse Ventures, Balderton Capital, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
Jul 1, 2025	ZeroEntropy	$4.0M Seed	—	Day One Ventures, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Initialized Capital, Matrix, Otherwise Fund, Pioneer Fund, Runa Capital, Spark Capital, Summit Partners, SV Angel, Theory Forge Ventures, XFactor Ventures, Y Combinator, Aayush Phumbhra, Azeem Azhar, Ben Tossell, Chris Smoak, Klaus von Sayn-Wittgenstein, Krishna Mehra, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Jul 1, 2025	PlayerZero	$5.0M Seed	—	645 Ventures, 8VC, Abstract Ventures, Bennett Siegel, Kevin Hartz, Adverb Ventures, Alchemy Ventures, Alt Capital, Ben Taft's Genius Ventures, Citi Ventures, Craft Ventures, DFJ, Expa, Felicis Ventures, First Round Capital, Forerunner Ventures, Foundation Capital, Foundry Group, Fuel Capital, Green Bay Ventures, Greylock, High Alpha, Intel Capital, LGF, Liquid 2 Ventures, Maniv Mobility, Matrix, Maverick Capital, Nyca Partners, Radical Ventures, Scribble Ventures, Seven Seven Six, SignalFire, South Park Commons, SV Angel, Thayer Ventures, Thrive Capital, Toyota Ventures, Two Sigma Ventures, Uncork Capital, Underscore VC, Weekend Fund, WndrCo LLC, Y Combinator, Amjad Masad, Austin Ogilvie, Chris Bennett, Daniel Kan, Deborah Liu, DJ Patil, Drew Houston, Dylan Field, Eric Futoran, Evan Moore, Fidji Simo, Guillaume Luccisano, Guillermo Rauch, Howie Liu, Jacob Kerzner, Jason Kay, Justin Mateen, Kevin Lin, Marc Benioff, Mark Pincus, Mike Abbott, Mike Liu, Mike Vernal, Nate Matherson, Nitay Joffe, Prescott Watson, Quinn Slack, Shishir Mehrotra, Stewart Butterfield, Tobias Lutke, Yan-David Erlich
Jun 1, 2025	Glean	$150.0M Series F	—	Kevin Hartz, Addition, Amplify Partners, Andreessen Horowitz, Banana Capital, Battery Ventures, BITKRAFT Ventures, CapitalG, Cedar Capital Group, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Day One Ventures, Emergence Capital, Felicis Ventures, FirstMark Capital, Flex Capital, Founders Fund, Friends & Family Capital, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Dave Munichiello, Infinite Niches, In-Q-Tel, Insight Partners, Invariantes Fund, IVP, Jetstream, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Matrix, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, QBE Ventures, Ride Ventures, Salesforce Ventures, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, Singular, Snowflake Ventures, Spark Capital, Summit Partners, SV Angel, Telescope Partners, The Hit Forge, Theory Forge Ventures, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Wellington Management, Y Combinator, YOBE Ventures, Andre Iguodala, Azeem Azhar, Ben Tossell, Bradley Horowitz, Brandon Philips, Jonathan Swanson, Joshua Reeves, Joshua Webster, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Ryan Shea, Sahin Boydas, Scott Belsky, Siqi Chen, Suhail Doshi, Thijn Lamers
Jun 1, 2025	CRED	$15.0M Seed	—	Alumni Ventures, Defy Partners, Kearny Jackson, rocketship.vc, Zigg Capital, Akshay Kothari, Ameet Patel, Amit Mital, Gokul Rajaram, Kunal Shah, Nami Zarringhalam, Prasanna Srikhanta
Jun 1, 2025	Traversal	$48.0M Series A	—	C2 Investment, Founders Fund, General Catalyst, Greylock, Hanabi Capital, Index Ventures, Kleiner Perkins, LGF, Lightspeed Venture Partners, Preston-Werner Ventures, Sapphire Ventures, Scale Asia Ventures, Sequoia Capital, Theory Ventures, Wellington Management, Ding Zhou, Dylan Field, Elad Gil, Sahin Boydas, Thom Ruhe

Financial History

Total Raised

N/A

Valuation

N/A

Deep Dive

High-Level Overview

DST Global is a leading late-stage internet investment firm that focuses on strategic partnerships and long-term growth across various geographies. Its mission centers on backing fast-growing, category-leading technology companies globally, primarily in sectors such as fintech, consumer internet, and AI/ML. With a current fund corpus of approximately $3.5 billion and a portfolio exceeding 250 companies, DST Global invests across early and growth stages, emphasizing scalable internet ventures that demonstrate strong market traction and potential for sustained expansion[1][2][4].

The firm plays a pivotal role in the startup ecosystem by providing capital and strategic support to high-growth internet companies, enabling them to accelerate growth and expand globally. Its investments include notable companies like Flipkart, Ola, Swiggy, Dream11, and Cars24, reflecting its impact on emerging markets and technology-driven consumer services[1].

Origin Story

DST Global was founded in 2009 by Yuri Milner, with co-founders including Saurabh Gupta, John Lindfors, Rahul Mehta, and Tom Stafford. Initially established as Digital Sky Technologies, the firm evolved from a focus on early internet investments to specializing in late-stage, high-growth technology companies worldwide. Over time, DST Global expanded its geographic reach and sector focus, adapting to the dynamic internet economy and leveraging its deep network to identify and support category leaders[2][4].

Core Differentiators

Unique Investment Model: DST Global concentrates on late-stage investments, targeting fast-growing category leaders rather than early-stage startups, which allows it to back companies with proven business models and significant market traction[5].
Network Strength: The firm benefits from a global network of founders, industry experts, and co-investors, facilitating strategic partnerships and market expansion for portfolio companies[2].
Track Record: With over 250 portfolio companies and investments in some of the fastest-growing internet firms globally, DST Global has demonstrated consistent success in identifying and scaling high-potential ventures[1][3].
Operating Support: Beyond capital, DST Global offers strategic guidance and operational expertise, helping companies navigate growth challenges and optimize their business models[1].

Role in the Broader Tech Landscape

DST Global rides the wave of rapid digital transformation and internet adoption worldwide, particularly in emerging markets where internet penetration and fintech innovation are accelerating. The timing of its investments aligns with the global shift toward digital consumer services, AI-driven solutions, and fintech disruption. Market forces such as increasing mobile connectivity, evolving consumer behavior, and the rise of platform-based business models work in its favor. DST Global influences the broader ecosystem by enabling category-defining companies to scale rapidly, thereby shaping competitive dynamics and innovation trajectories in the global internet economy[1][2][4].

Quick Take & Future Outlook

Looking ahead, DST Global is likely to continue focusing on late-stage investments in sectors like fintech, AI/ML, and consumer internet, capitalizing on ongoing digitalization trends. The firm may expand its fund size and geographic reach, especially in emerging markets where internet adoption is still growing. Trends such as AI integration, decentralized finance, and platform globalization will shape its investment strategy. DST Global’s influence is expected to deepen as it supports the next generation of internet giants, reinforcing its role as a key enabler of global tech innovation and growth[1][4].

This trajectory ties back to DST Global’s founding vision of partnering with fast-growing internet companies to drive long-term value and market leadership.

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: DST Global concentrates on late-stage investments, targeting fast-growing category leaders rather than early-stage startups, which allows it to back companies with proven business models and significant market traction[5].
Network Strength: The firm benefits from a global network of founders, industry experts, and co-investors, facilitating strategic partnerships and market expansion for portfolio companies[2].
Track Record: With over 250 portfolio companies and investments in some of the fastest-growing internet firms globally, DST Global has demonstrated consistent success in identifying and scaling high-potential ventures[1][3].
Operating Support: Beyond capital, DST Global offers strategic guidance and operational expertise, helping companies navigate growth challenges and optimize their business models[1].

Role in the Broader Tech Landscape

Quick Take & Future Outlook

This trajectory ties back to DST Global’s founding vision of partnering with fast-growing internet companies to drive long-term value and market leadership.

DST Global

About

Financial History

Investments Made

Financial History

Leadership Team

Leadership Team

Deep Dive

High-Level Overview

Origin Story

Core Differentiators

Role in the Broader Tech Landscape

Quick Take & Future Outlook

Sources

Deep Dive

High-Level Overview

Origin Story

Core Differentiators

Role in the Broader Tech Landscape

Quick Take & Future Outlook

Sources

Leadership Team

Financial History

Investments Made