Investor

DST

Last cheque observed Sep 2026; 16 cheques on record.

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Growth equityDeploying now

Series BSeries DSeries E

Deploying now
75%of best year3cheques in 12 months, 16 on record
Since the last cheque57days00hrs00min00sec
Median round$215MRounds led2 of 16Sole investor1 roundsMostly inUnited States, 53%
Pitch DST

DST highlights

  1. 01

    3 cheques in the last 12 months

  2. 02

    Mostly Series B and Series D: 56% of its rounds

  3. 03

    Sole investor in 1 rounds, median $110M

What they do

Type
Growth equity (from a list, unverified)
Cheque size
Not stated
Cold pitches
Not stated

The record

Every round we can evidence, newest first16 appearances

  1. 2026

    2 rounds

  2. Sept
    CognitionSeries E · US · TechCrunch$2.0BWith 18 others
  3. Jan
    OpenEvidenceSeries D · US · Crunchbase News$250MLed
  4. 2025

    3 rounds

  5. Nov
    CursorGrowth · US · Crunchbase News$2.3BWith 6 others
  6. Oct
    Reflection AISeries B · US · Crunchbase News$2.0BWith 13 others
  7. Sept
    Periodic LabsSeed · TechCrunch$300MWith 10 others
  8. 2019

    3 rounds

  9. Dec
    JowFR · TechCrunch$7.0MWith 5 others
  10. Mar
    ShuidiSeries B · CN · AVCJ$74MWith 5 others
  11. Jan
    AcornsSeries E · US · Businessinsider$105MWith 6 others
  12. 2018

    3 rounds

  13. Dec
    SwiggyIN · TechCrunch$1.0BWith 5 others
  14. Nov
    MeeshoIN · TechCrunch$50MWith 6 others
  15. Mar
    ChehaoduoCN · China Money Network$818MWith 8 others
  16. 2017

    5 rounds

  17. Oct
    ChehaoduoCN · China Money Network$180MWith 6 others
  18. Sept
    FlexportSeries C · US · TechCrunch$110MSole investor
  19. Jun
    ScriptDashSeries B · US · TechCrunch$23MWith 4 others
  20. Apr
    MarcoPolo LearningUS · VentureBeat$8.5MWith 1 other
  21. Mar
    OfoSeries D · CN · TechCrunch$450MLed

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

Who they invest alongside

The investors most often in the same rounds as DST. A count of rooms they were both in, not a relationship either has claimed.

NVIDIACompany5rounds togetherCoatueVC firm4rounds togetherSequoia CapitalVC firm4rounds togetherAccelVC firm3rounds togetherAndreessen HorowitzVC firm3rounds togetherLightspeed Venture PartnersVC firm3rounds togetherBlueRun VenturesVC firm2rounds togetherEric SchmidtCompany2rounds togetherGICPrivate equity2rounds togetherKleiner PerkinsVC firm2rounds togetherY CombinatorAccelerator2rounds together

Recently backed

The latest companies DST put money into.

Cognition$2.0B · Sept 2026OpenEvidence$250M · Jan 2026Cursor$2.3B · Nov 2025Periodic Labs$300M · Sept 2025Jow$7.0M · Dec 2019Acorns$105M · Jan 2019

Quick answers about DST

What does DST invest in?

DST invests most often at Series B and Series D (56% of the rounds on record).

How active is DST?

16 investments on record, 3 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

What has DST invested in recently?

Its most recent investments on record: Cognition (Series E, Sept 2026), OpenEvidence (Series D, Jan 2026) and Cursor (Growth, Nov 2025).

How big are DST's cheques?

The median round it joins is $215M.

Does DST lead rounds?

Sometimes: it led 2 of its 16 investments on record (13%).

Where does DST invest?

Most of the companies it backs are in the United States (53%), China (27%) and India (13%).

Is DST investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

Who does DST invest alongside?

Most often NVIDIA (5 rounds together), Coatue (4 rounds together) and Sequoia Capital (4 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it