According to Russian business newspaper Vedomosti (via Quintura), star investor Digital Sky Technologies has set up a new fund dubbed DST Global - 2. The fund has already made investments in Groupon (January 2011) and is close to investing $50 million in exchange for 5 percent of online music startup Spotify as part of a $100 million round, according to the paper. You may remember we broke the news that DST was indeed about to lead a huge financing round for Spotify back in February. In other news, DST has also joined a group of investors who've put hundreds of millions of dollars into 360buy.com, a Chinese online retailing powerhouse often dubbed China's Amazon.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/XvMiSVo8Wkc/
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