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.
Update: Fortune reported that DST was to raise a ‘giant venture capital fund’ back in December 2010.
Interesting sidenote: the DST Global – 2 fund this time includes international investors (“Western funds”) as limited partners, according to Vedomosti’s report.
We’re digging for more information and will update when we learn more.
Further reading: DST’s Yuri Milner Buys $70 Million Home In Silicon Valley