The Dragoneer Investment Group (Dragoneer) is an American

investment firm An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the ...

based in

San Francisco, California San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...

. The firm focuses on technology investments in both

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkei ...

and

private Private or privates may refer to: Music * " In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorde ...

markets globally.

Background

Dragoneer is based in San Francisco and was founded in 2012 by Marc Stad. Stad was an investment professional who had previously worked at the Investment Group of Santa Barbara,

TPG Capital TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American investment company based in Fort Worth, Texas. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth c ...

and

McKinsey & Company McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

. In August 2020, Dragoneer Growth Opportunities Corp was listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

(Ticker: DGNR) raising $600 million. DGNR is a SPAC which is a blank-check company. 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. In November 2020, a second SPAC, Dragoneer Growth Opportunities Corp II was listed on the

Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

(Ticker: DGNS) raising $240 million. In March 2021, a third SPAC, Dragoneer Growth Opportunities Corp III was listed on the Nasdaq (Ticker: DGNS) raising $400 million.

Business overview

Dragoneer describes itself as 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. 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 Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a Minority interest, minority investment, in relatively mature companies that are looking for capital to expand or restructure operatio ...

funds that provides funding to private technology companies.

Funds

Notable venture capital investments

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* Alibaba Group *

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* Chime *

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* Domo *

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* Gusto *

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* Slack *

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* Teabox *

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* Whatfix

References

External links

www.dragoneer.com
(Company Website)
www.dragoneergrowth.com
(Capital Markets Platform) {{authority control Financial services companies established in 2012 Financial services companies based in California Companies based in San Francisco Hedge funds Venture capital firms