DST Global

Venture capital firm

Global growth-stage venture capital investor backing technology and internet companies.

At a glance

DST Global appears in 8 funding rounds tracked by ValueAddVC since 2024, leading 5. Its most frequent sector in these rounds is AI & Infrastructure, and its most recent tracked deal was Clay's $115M Series D round (Sep 9, 2026). It co-invests most often with Sequoia Capital, Andreessen Horowitz and CapitalG. ValueAddVC also tracks 7 funds managed by DST Global.

Strategy

Stages
Series BGrowth
Sectors
ConsumerFintechEnterprise
Geographies
AsiaHong Kong
Check size
$50M-$500M

Recent changes

  1. Sep 9, 2026Invested in Clay (Series D, $115M) Business Wire
  2. Aug 17, 2026Invested in Higgsfield (Series B, $400M) TechCrunch
  3. Jul 9, 2026New fund: DST Global Fund XI SEC EDGAR Form D
  4. Jul 7, 2026Invested in Monogram (Seed, $40M) Monogram
  5. May 28, 2026Invested in Anthropic (Series H, $65B) TechCrunch
Earlier changes (10)
  1. Feb 2, 2026Invested in Waymo ($16B) Waymo
  2. Jan 2026Invested in OpenEvidence (Series D, $250M) MobiHealthNews
  3. Oct 2025Invested in Whatnot (Series F, $225M) Wikipedia
  4. Aug 1, 2025New fund: DST Global Fund X SEC EDGAR Form D
  5. Sep 2024Invested in Safe Superintelligence (Seed, $1B) Wikipedia
  6. Oct 19, 2021New fund: DST Global Fund IX SEC EDGAR Form D
  7. Feb 12, 2021New fund: DST Global Fund VIII SEC EDGAR Form D
  8. Jul 12, 2019New fund: DST Global Fund VII SEC EDGAR Form D
  9. Jul 12, 2018New fund: DST Global Fund VI SEC EDGAR Form D
  10. Jul 17, 2015New fund: DST Global V SEC EDGAR Form D

Funds

7
FundVintageSizeStrategySource
DST Global Fund XI2026—Flagship
As of Jul 9, 2026SEC EDGAR Form D
DST Global Fund X2025—Flagship
As of Aug 1, 2025SEC EDGAR Form D
DST Global Fund IX2021—Flagship
As of Oct 19, 2021SEC EDGAR Form D
DST Global Fund VIII2021—Flagship
As of Feb 12, 2021SEC EDGAR Form D
DST Global Fund VII2019—Flagship
As of Jul 12, 2019SEC EDGAR Form D
Show 2 earlier funds
FundVintageSizeStrategySource
DST Global Fund VI2018—Flagship
As of Jul 12, 2018SEC EDGAR Form D
DST Global V2015—Flagship
As of Jul 31, 2015SEC EDGAR Form D

Portfolio

12 total

Recent Investment Activity

8

Track record: led 5 and participated in 3 of 8 tracked venture rounds · 6 in the last 12 months · led 1 Series B, 1 Seed, 1 Series D, 1 Series F

DateCompanyEventRoleAmountValuationInvestorsSource
Sep 9, 2026ClaySeries DParticipated$115M$7.1BBusiness Wire
Aug 17, 2026HiggsfieldSeries BLed$400M$5.4BTechCrunch
Jul 7, 2026MonogramSeedLed$40M—Pulse story
May 28, 2026AnthropicSeries HParticipated$65B$965BTechCrunch
Feb 2, 2026Waymofunding roundLed$16B$126B
Dragoneer Investment GroupLeadunverifiedDST GlobalLeadunverifiedSequoia CapitalLeadunverified
Waymo
Jan 2026OpenEvidenceSeries DLed$250M$12B
Thrive CapitalLeadunverifiedDST GlobalLeadunverified
MobiHealthNews
Oct 2025WhatnotSeries FLed$225M$11.5BWikipedia
Sep 2024Safe SuperintelligenceSeedParticipated$1B$5BWikipedia

Sector / Stage Activity

By sector (portfolio)
AI infra
7 · 58%
Enterprise SaaS
1 · 8%
Healthcare
1 · 8%
Robotics
1 · 8%
Consumer
1 · 8%
By stage (tracked rounds)
Series D
2 · 25%
Seed
2 · 25%
Series B
1 · 13%
Series H
1 · 13%
Series F
1 · 13%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. Waymo Takes On $5B In Debt To Fuel Robotaxi ExpansionWaymo secured its first-ever debt financing -- a $5 billion loan led by Goldman Sachs with PIMCO, Blackstone and Sixth Street -- to fund robotaxi expansion beyond its 15 current markets without diluting equity holders.→
  2. OpenEvidence Raises $250M Led By Andreessen HorowitzOpenEvidence, the Miami-based clinical search platform for physicians, raised a new $250 million round led by hospital systems and Andreessen Horowitz.→
  3. Nvidia May Put $10B Into Anthropic's IPONvidia is in talks to invest up to $10 billion in Anthropic's IPO, an offering bankers say could raise $100 billion at a $2 trillion valuation and become the largest in history.→
  4. Clay Closes $115M Series D At $7.1BClay's AI go-to-market platform closed a $115 million Series D at a $7.1 billion valuation led by Wellington, confirming the $7 billion pre-money mark reported as a rumor eleven days earlier.→
  5. The Billion-Dollar Seed Round Is Now a CategoryThree AI labs have now raised a billion dollars or more in what their investors call a seed round, at valuations between $5 billion and $12 billion before shipping a product -- a pricing convention that did not exist two years ago.→
  6. David Silver's Ineffable Names Six CofoundersIneffable Intelligence, the reinforcement-learning lab valued at $5.1 billion on a $1.1 billion seed, has retroactively elevated six senior hires to cofounder -- four of them out of Google's AI organization.→
  7. Palo Alto Networks Pays $500M for ConsolePalo Alto Networks acquired Console, a two-year-old AI agent platform that automates IT help-desk tasks, for about $500 million in cash and stock -- a roughly 3x markup on the $157 million valuation Thrive Capital backed months earlier.→
  8. August's Megarounds Went to Missiles and InferenceIn a single mid-August week, six US startups raised $2.63 billion between them, and the two largest -- a hypersonic missile maker and an inference chip company -- accounted for $1.5 billion of it.→
  9. Clay Nears $7B Valuation in New Wellington-Led RoundClay, the AI-powered sales and marketing platform, has inked a new round led by Wellington Management at a $7 billion pre-money valuation -- up from $5 billion in January and $3.1 billion a year ago.→
  10. Physical AI, Defense and Robotics Own This Year's CapitalPhysical AI raised $47.4B across 521 deals in H1, defense tech hit $35.6B YTD (+40%), and robotics topped $18.8B YTD -- three category totals that together explain where 2026's record VC wave is actually landing.→
  11. Physical AI Startups Took $47.4B in the First HalfGlobal venture funding into physical AI reached $47.4 billion across 521 deals in the first half of 2026, nearly 4x the second half of 2025 and more than the entire 2022-2024 period combined.→
  12. Higgsfield Quadruples Valuation to $5.4B in 8 MonthsAI video and image startup Higgsfield raised a $400 million Series B at a $5.4 billion valuation, four times its mark from eight months ago, on $700 million in annualized revenue.→
  13. AI Voice Startup Gradium Raises $100M Seed, Backed by NvidiaParis-based Gradium, a voice-AI startup spun out of French lab Kyutai, reopened its seed round to raise $100 million in total with new backer Nvidia joining, and is opening a Bay Area office to compete for AI talent.→
  14. Nvidia Backs Paris Voice AI Startup Gradium's $100M SeedGradium, the Paris-based voice AI startup spun out of Kyutai, extended its seed round past $100 million with Nvidia joining seven months after launching out of stealth.→
  15. Gradium Extends Voice-AI Seed to $100M With Nvidia BackingParis-based voice AI startup Gradium, spun out of French lab Kyutai, extended its seed round past $100 million after Nvidia joined as an investor alongside FirstMark, Eurazeo and Xavier Niel.→
  16. Monogram Raises $40M Seed for Visual AI InterfaceCoursera co-founder Eren Bali's new startup Monogram raised a $40 million seed led by DST Global and Lux Capital to build an AI app that generates full visual interfaces instead of just text.→

DST Global FAQ

What companies has DST Global invested in?

DST Global's portfolio includes Anthropic, Waymo, OpenEvidence, Clay, Mistral AI, Higgsfield, and 6 more tracked companies.

Who does DST Global co-invest with most?

In the rounds Value Add tracks, DST Global most often invests alongside Andreessen Horowitz (6 shared deals), Sequoia Capital (6 shared deals), Kleiner Perkins (5 shared deals), SV Angel (5 shared deals), Nvidia (4 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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