DST Global, the venture capital firm spun out of Russia-based internet company Mail.ru, has begun fundraising for its fourth fund, according to an SEC filing late last month.
DST Global IV, which is registered in the Cayman Islands, has not set an investment target or raised any funds yet, according to the filing. An SEC filing from March 2013 states that DST raised $99.5m for its third fund.
Companies to be funded by DST Global include Facebook, Zynga, Groupon, Alibaba, Spotify and Airbnb. It generally invests in internet companies at late stage.