Dragoneer Investment Group
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 2012 |
| Founder | Marc Stad |
| Headquarters | San Francisco, California , United States |
Area served | Global |
Key people | Marc Stad (Founder) |
| Products | Growth equity funds, long-only strategy funds, SPACs |
| Website | www |
The Dragoneer Investment Group (commonly known as Dragoneer) is a United States-based investment firm with its main office located in San Francisco, California. The company focuses on technology sector investments within both the public and private markets on a global scale.
Background
Established in 2012 by Marc Stad, Dragoneer is headquartered in San Francisco. Prior to founding Dragoneer, Stad gained experience at the Investment Group of Santa Barbara, TPG Capital, and McKinsey & Company.
Dragoneer identifies itself as a growth-focused investment entity managing over $17 billion in capital committed for extended periods. Its investors include institutional clients such as endowments, foundations, sovereign wealth funds, and family offices.
Within public markets, Dragoneer operates long-only strategy funds that concentrate on technology enterprises. For private markets, the firm manages growth equity funds that invest in private technology companies. It frequently secures investments through secondary stock transactions or convertible debt instruments, often avoiding traditional fundraising routes.
SPAC deals
In August 2020, Dragoneer Growth Opportunities Corp debuted on the New York Stock Exchange under the ticker DGNR, raising $600 million. This entity is a SPAC, essentially a blank-check company. On February 3, 2021, CCC Information Services, an auto-insurance IT provider, announced it would become publicly traded by merging with DGNR in a transaction valued at $7 billion.
Dragoneer Growth Opportunities Corp II went public in November 2020 on the Nasdaq exchange with ticker DGNS, raising $240 million. By July 2021, event management software company Cvent became publicly listed through a merger with DGNS in a deal worth $5.3 billion.
In March 2021, Dragoneer Growth Opportunities Corp III was launched on Nasdaq under the ticker DGNU, securing $400 million in capital.
Funds
| Fund | Vintage Year |
|---|---|
| Dragoneer Global Fund | 2012 |
| Dragoneer Opportunities Fund | 2014 |
| Dragoneer Opportunities Fund II | 2015 |
| Dragoneer Global Fund II | 2015 |
| Dragoneer Opportunities Fund III | 2017 |
| Dragoneer Opportunities Fund IV | 2019 |
Prominent venture capital holdings
- Airbnb
- Alibaba Group
- AppFolio
- Atlassian
- Chime
- Compass, Inc.
- CRED
- Databricks
- Discord
- Dollar Shave Club
- Domo
- DoorDash
- Etsy
- Flipkart
- Glassdoor
- Gusto
- HackerOne
- Hortonworks
- Instacart
- Klarna
- MercadoLibre
- Metropolis Technologies
- New Relic
- Nubank
- Open AI
- Procore
- Redfin
- ResearchGate
- Roblox
- Slack
- Snapchat
- Snowflake
- Spotify
- Strava
- Tekion Corp
- Uber
- UiPath
- Wealthfront
- Whatfix
External links
- www.dragoneer.com (Official Website)
- www.dragoneergrowth.com (Capital Markets Platform)