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 t ...
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 ''Öffentlichk ...
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.
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 ...
(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 (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 investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new mark ...
funds that provides funding to private technology companies.
Funds
Notable venture capital investments
*
Airbnb
Airbnb, Inc. ( ), based in San Francisco, California, operates an online marketplace focused on short-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 b ...
*
Alibaba Group
*
Appfolio
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...
*
Atlassian
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*
Chime
*
Compass, Inc.
*
CRED
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*
Databricks
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History
Data ...
*
Discord
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*
Dollar Shave Club
*
Domo
*
DoorDash
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With a 56% m ...
*
Etsy
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*
Flipkart
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*
Glassdoor
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*
Gusto
*
HackerOne
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*
Hortonworks
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Hortonworks software was used to b ...
*
Instacart
Instacart is an American company that operates a grocery delivery and pick-up service in the United States and Canada. The company offers its services via a website and mobile app. The service allows customers to order groceries from participatin ...
*
Klarna
Klarna Bank AB, commonly referred to as Klarna, is a Swedish fintech company that provides online financial services such as payments for online storefronts and direct payments along with post-purchase payments.
The company has more than 4,000 ...
*
MercadoLibre
MercadoLibre, Inc. (literally "free market" in Spanish, and known as Mercado Livre in Portuguese) is an Argentine company headquartered in Montevideo, Uruguay, incorporated in the United States that operates online marketplaces dedicated to e- ...
*
New Relic
New Relic is a 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 ...
*
Nubank
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*
Procore
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History
Founder and CEO Craig "Tooey" Courtemanche created the software that became Procor ...
*
Redfin
Redfin Corporation, based in Seattle, operates a residential real estate brokerage in 95 markets in the United States and Canada and in other markets via partner/referral agents. Its business model includes charging home sellers below-average f ...
*
ResearchGate
*
Roblox
''Roblox'' () is an online game platform and game creation system developed by Roblox Corporation that allows users to program games and play games created by other users. Created by David Baszucki and Erik Cassel in 2004 and released i ...
*
Slack
*
Snapchat
*
Snowflake
A snowflake is a single ice crystal that has achieved a sufficient size, and may have amalgamated with others, which falls through the Earth's atmosphere as snow.Knight, C.; Knight, N. (1973). Snow crystals. Scientific American, vol. 228, no. ...
*
Spotify
Spotify (; ) is a proprietary Swedish audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. It is one of the largest music streaming service providers, with over 456 million monthly active us ...
*
Strava
Strava is an American internet service for tracking physical exercise which incorporates social network features. It is mostly used for cycling and running using Global Positioning System data. Strava uses a freemium model with some features on ...
* Teabox
*
Uber
Uber Technologies, Inc. (Uber), based in San Francisco, provides mobility as a service, ride-hailing (allowing users to book a car and driver to transport them in a way similar to a taxi), food delivery (Uber Eats and Postmates), packa ...
*
UiPath
UiPath is a global software company that makes robotic process automation (RPA) software. It was founded in Bucharest, Romania, by Daniel Dines and Marius Tîrcă. Its headquarters are in New York City. The company's software monitors user acti ...
*
Wealthfront
Wealthfront Inc. is an automated investment service firm based in Palo Alto, California, founded by Andy Rachleff and Dan Carroll in 2008. As of September 2019, Wealthfront had $21 billion AUM across 400,000 accounts.
History
Wealthfront was f ...
*
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