Dragoneer Investment Group
Type | Private |
---|---|
Industry | Hedge Fund Venture Capital |
Founded | 2012 |
Founder | Marc Stad |
Headquarters | San Francisco, California, U.S. |
Products | Investments |
AUM | US$ 19 billion (31 March 2021)[1] |
Website | www.dragoneer.com www.dragoneergrowth.com |
The Dragoneer Investment Group (Dragoneer) is an American investment firm based in San Francisco, California. The firm focuses on technology investments in both public and private markets globally.[2][3]
Background[]
Dragoneer is based in San Francisco and was founded in 2012 by Marc Stad.[3] Stad was an investment professional who had previously worked at the Investment Group of Santa Barbara, TPG Capital and McKinsey & Company.[3]
In August 2020, Dragoneer Growth Opportunities Corp was listed on the New York Stock Exchange (Ticker: DGNR) raising $600 million.[4] DGNR is a SPAC which is a blank-check company.[4] On 3 February 2021, it was announced that Auto-insurance IT provider, CCC Information Services would become a listed company by merging with DGNR in a deal worth $7 billion.[5]
In November 2020, a second SPAC, Dragoneer Growth Opportunities Corp II was listed on the Nasdaq (Ticker: DGNS) raising $240 million.[6]
In March 2021, a third SPAC, Dragoneer Growth Opportunities Corp III was listed on the Nasdaq (Ticker: DGNS) raising $400 million.[7]
Business overview[]
Dragoneer describes itself as growth-oriented investment firm with more than $17 billion in long-duration capital from endowments, foundations, sovereign wealth funds and family offices.[8]
For public markets, Dragoneer manages long-only strategy funds that invests in technology companies. Its public equities performance is noted to be strong with an annual return of 32% in the last five years.
For private markets, Dragoneer manages private growth equity funds that provides funding to private technology companies.[8]
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 |
Notable venture capital investments[]
- Airbnb[9]
- Alibaba Group[10]
- Appfolio
- Atlassian
- Chime
- Compass, Inc.[citation needed]
- CRED
- Databricks
- Discord[11]
- Dollar Shave Club
- Domo
- DoorDash[10]
- Etsy
- Flipkart[12]
- Glassdoor
- Gusto
- HackerOne[13]
- Hortonworks
- Instacart
- Klarna[14]
- MercadoLibre
- New Relic
- Nubank
- Procore
- Redfin
- ResearchGate
- Roblox[15]
- Slack[10]
- Snapchat
- Snowflake[10]
- Spotify[10]
- Strava
- Teabox[16]
- Uber[10]
- UiPath
- Wealthfront
- Whatfix[17]
References[]
- ^ "FORM ADV" (PDF). SEC.gov.
- ^ "Dragoneer Investment Group Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 2021-07-08.
- ^ Jump up to: a b c "Marc Stad". Stanford Graduate School of Business. Retrieved 2021-07-08.
- ^ Jump up to: a b "Dragoneer Growth Opportunities Corp. Announces Pricing of $600,000,000 Initial Public Offering". www.businesswire.com. 2020-08-14. Retrieved 2021-07-08.
- ^ Scism, Maureen Farrell and Leslie (2021-02-03). "WSJ News Exclusive | CCC Information Services to Go Public in $6.5 Billion SPAC Merger". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-07-08.
- ^ Capital, Contributor Renaissance Capital Renaissance. "Dragoneer's second SPAC Dragoneer Growth Opportunities II prices upsized $240 million IPO at $10". www.nasdaq.com. Retrieved 2021-07-08.
- ^ Capital, Contributor Renaissance Capital Renaissance. "SPAC Dragoneer Growth Opportunities III prices $400 million IPO". www.nasdaq.com. Retrieved 2021-07-08.
- ^ Jump up to: a b Tan, Gillian (July 7, 2021). "Dragoneer, Altimeter Look to New Funds as Unicorns Burgeon". www.bloomberg.com. Retrieved 2021-07-08.
- ^ "Airbnb closes $475 million funding round". Fortune. Retrieved 2021-07-08.
- ^ Jump up to: a b c d e f Gaffney, Mark (2021-01-25). "Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack". WhaleWisdom Alpha. Retrieved 2021-07-08.
- ^ Roof, Katie. "Dragoneer Expected to Lead Discord Round at $15 Billion Value". www.bloomberg.com. Retrieved August 28, 2021.
- ^ "Flipkart Raises $160M From Dragoneer Investment, Morgan Stanley Investment & Others | MediaNama". www.medianama.com. 9 October 2013. Retrieved 2021-07-08.
- ^ "HackerOne Raises $40 Million to Make the Internet Safer for Everyone". www.businesswire.com. 2017-02-08. Retrieved 2021-07-08.
- ^ "Klarna raises $460 million, looks to expand its payments presence in the US". TechCrunch. Retrieved 2021-07-08.
- ^ Sen, Joshua Franklin, Anirban (2021-01-06). "Gaming site Roblox valued at $30 bln, plans direct listing". Reuters. Retrieved 2021-07-08.
- ^ "Teabox Raises $6M To Grow Its Global Tea-Commerce Business". TechCrunch. Retrieved 2021-07-08.
- ^ "Whatfix nabs $90M to help workers onboard and get the most out of their IT stacks". TechCrunch. Retrieved 2021-07-08.
External links[]
- www.dragoneer.com (Company Website)
- www.dragoneergrowth.com (Capital Markets Platform)
- Financial services companies established in 2012
- Financial services companies based in California
- Companies based in San Francisco
- Hedge funds
- Venture capital firms