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Dragoneer Investment Group
American investment firm From Wikipedia, the free encyclopedia
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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]
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Background
Dragoneer is based in San Francisco and was founded in 2012 by Marc Stad.[3][4][5] Stad was an investment professional who had previously worked at the Investment Group of Santa Barbara, TPG Capital and McKinsey & Company.[3][4]
Dragoneer describes itself as a growth-oriented investment firm with more than $17 billion in long-duration capital from institutional funds such as endowments, foundations, sovereign wealth funds and family offices.[6]
For public markets, Dragoneer manages long-only strategy funds that invests in technology companies.[6]
For private markets, Dragoneer manages private growth equity funds that provides funding to private technology companies.[6] The firm avoids going through the traditional fundraising method and instead tries other methods such as secondary stock sales or using convertible debt notes.[7]
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SPAC deals
In August 2020, Dragoneer Growth Opportunities Corp was listed on the New York Stock Exchange (Ticker: DGNR) raising $600 million.[8] DGNR is a SPAC which is a blank-check company.[8] On February 3, 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.[9]
In November 2020, a second SPAC, Dragoneer Growth Opportunities Corp II was listed on the Nasdaq (Ticker: DGNS) raising $240 million.[10] In July 2021, Cvent became a listed company by merging with DGNS in a deal worth $5.3 billion.[11]
In March 2021, a third SPAC, Dragoneer Growth Opportunities Corp III was listed on the Nasdaq (Ticker: DGNU) raising $400 million.[12]
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Funds
Notable venture capital investments
- Airbnb[13]
- Alibaba Group[14]
- AppFolio
- Atlassian
- Chime
- Compass, Inc.[citation needed]
- CRED
- Databricks
- Discord[15]
- Dollar Shave Club
- Domo
- DoorDash[4]
- Etsy
- Flipkart[16]
- Glassdoor
- Gusto
- HackerOne[17]
- Hortonworks
- Instacart
- Klarna[18]
- MercadoLibre
- Metropolis Technologies
- New Relic
- Nubank
- Procore
- Redfin
- ResearchGate
- Roblox[19]
- Slack[4]
- Snapchat
- Snowflake[4]
- Spotify[4]
- Strava
- Tekion Corp
- Uber[4]
- UiPath
- Wealthfront
- Whatfix[20]
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References
External links
Wikiwand - on
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