Dragoneer Investment Group

American investment firm

"Dragoneer" redirects here. For the member of the furry fandom, see Fur Affinity.

Dragoneer Investment Group, LLC

Company type| Private
Industry| Investment management
Founded| 2012; 13 years ago (2012)
Founder| Marc Stad
Headquarters| Letterman Digital Arts Center, San Francisco, California, U.S.
Products|

* Hedge fund
* Venture capital

AUM| US$22.6 billion (2024)

Number of employees

| 83 (2024)
Website|

* dragoneer.com

Footnotes / references
[1]

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

[edit]

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]

## SPAC deals

[edit]

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]

## Funds

[edit]

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

[edit]

* 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]

## References

[edit]

1. ^ "Form ADV" (PDF). SEC. Archived from the original (PDF) on July 9, 2021.
2. ^ "Dragoneer Investment Group Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Archived from the original on July 9, 2021. Retrieved July 8, 2021.
3. ^ a b c "Marc Stad". Stanford Graduate School of Business. Archived from the original on July 9, 2021. Retrieved July 8, 2021.
4. ^ a b c d e f g "Charting their own course to giving back". Harvard Alumni. Archived from the original on February 5, 2023. Retrieved February 5, 2023.
5. ^ "Marc Stad". Forbes. Archived from the original on February 5, 2023. Retrieved February 5, 2023.
6. ^ a b c Tan, Gillian (July 7, 2021). "Dragoneer, Altimeter Look to New Funds as Unicorns Burgeon". www.bloomberg.com. Archived from the original on July 9, 2021. Retrieved July 8, 2021.
7. ^ Schleifer, Theodore (December 6, 2017). "Marc Stad, behind the scenes, is winning ownership stakes in Silicon Valley's hottest companies". Vox. Retrieved February 5, 2023.
8. ^ a b "Dragoneer Growth Opportunities Corp. Announces Pricing of $600,000,000 Initial Public Offering". www.businesswire.com. August 14, 2020. Archived from the original on July 9, 2021. Retrieved July 8, 2021.
9. ^ Scism, Maureen Farrell and Leslie (February 3, 2021). "WSJ News Exclusive | CCC Information Services to Go Public in $6.5 Billion SPAC Merger". Wall Street Journal. ISSN 0099-9660. Archived from the original on July 9, 2021. Retrieved July 8, 2021.
10. ^ Capital, Renaissance. "Dragoneer's second SPAC Dragoneer Growth Opportunities II prices upsized $240 million IPO at $10". www.nasdaq.com. Retrieved July 8, 2021.
11. ^ Niket, Nishant (July 23, 2021). "Tech firm Cvent to return to public markets via $5.3 bln blank-check deal". Reuters. Archived from the original on February 5, 2023. Retrieved February 5, 2023.
12. ^ Capital, Renaissance Capital. "SPAC Dragoneer Growth Opportunities III prices $400 million IPO". www.nasdaq.com. Retrieved July 8, 2021.
13. ^ "Airbnb closes $475 million funding round". Fortune. Archived from the original on May 14, 2021. Retrieved July 8, 2021.
14. ^ Gaffney, Mark (January 25, 2021). "Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack". WhaleWisdom Alpha. Retrieved July 8, 2021.
15. ^ Roof, Katie (August 25, 2021). "Dragoneer Expected to Lead Discord Round at $15 Billion Value". Bloomberg.com. Retrieved August 28, 2021.
16. ^ "Flipkart Raises $160M From Dragoneer Investment, Morgan Stanley Investment & Others | MediaNama". www.medianama.com. October 9, 2013. Retrieved July 8, 2021.
17. ^ "HackerOne Raises $40 Million to Make the Internet Safer for Everyone". www.businesswire.com. February 8, 2017. Archived from the original on July 9, 2021. Retrieved July 8, 2021.
18. ^ "Klarna raises $460 million, looks to expand its payments presence in the US". TechCrunch. August 6, 2019. Retrieved July 8, 2021.
19. ^ Sen, Joshua Franklin, Anirban (January 6, 2021). "Gaming site Roblox valued at $30 bln, plans direct listing". Reuters. Archived from the original on February 5, 2021. Retrieved July 8, 2021.`{{cite news}}`: CS1 maint: multiple names: authors list (link)
20. ^ "Whatfix nabs $90M to help workers onboard and get the most out of their IT stacks". TechCrunch. June 8, 2021. Retrieved July 8, 2021.

## External links

[edit]

* www.dragoneer.com (Company Website)
* www.dragoneergrowth.com[usurped] (Capital Markets Platform)

* v
* t
* e

Hedge funds

Investment
strategy|

| Arbitrage /
relative value|

* Capital structure arbitrage
* Convertible arbitrage
* Equity market neutral
* Fixed income arbitrage / fixed-income relative-value investing
* Statistical arbitrage
* Volatility arbitrage

|

Event-driven|

* Shareholder activism
* Distressed securities
* Risk arbitrage
* Special situation

Directional|

* Convergence trade
* Commodity trading advisors / managed futures account
* Dedicated short
* Global macro
* Long/short equity
* Trend following

Other|

* Fund of hedge funds / Multi-manager

Trading|

* Algorithmic trading
* Day trading
* High-frequency trading
* Prime brokerage
* Program trading
* Proprietary trading

Related
terms|

| Markets|

* Commodities
* Derivatives
* Equity
* Fixed income
* Foreign exchange
* Money markets
* Structured securities

|

Misc|

* Absolute return
* Arbitrage pricing theory
* Assets under management
* Black–Scholes model (Greeks: delta neutral)
* Capital asset pricing model (alpha / beta / security characteristic line)
* Fundamental analysis
* Hedge
* Securitization
* Short
* Taxation of private equity and hedge funds
* Technical analysis

Investors|

* Vulture funds
* Family offices
* Financial endowments
* Fund of hedge funds
* High-net-worth individual
* Institutional investors
* Insurance companies
* Investment banks
* Merchant banks
* Pension funds
* Sovereign wealth funds

Governance|

* Fund governance
* Standards Board for Alternative Investments
* Managed Funds Association

* Alternative investment management companies
* Hedge funds
* Hedge fund managers
* List of hedge funds

* v
* t
* e

Private equity and venture capital

Investment types|

* Buyout
* Leveraged
* Growth
* Venture
* Mezzanine
* Growth
* Secondaries
* Equity co-investment
* NAV lending

History|

* Early history
* 1980s
* 1990s
* 2000s
* 2010s
* 2020s

Terms and
concepts|

| Buyout|

* Financial sponsor
* Management buyout
* Divisional buyout
* Buy–sell agreement
* Leveraged recapitalization
* Dividend recapitalization

|

Venture|

* Angel investor
* Business incubator
* Post-money valuation
* Pre-money valuation
* SAFE
* Seed money
* Startup company
* Venture capital financing
* Venture debt
* Venture round

Structure|

* Private equity firms and funds
* Limited partnership
* Limited liability company
* Carried interest
* Management fee
* Pledge fund
* Publicly traded private equity
* Business Development Company
* Venture capital trust
* Private investment in public equity (PIPE)
* SPAC

Investors|

* Corporations
* Institutional investors
* Pension funds
* Insurance companies
* Fund of funds
* Endowments
* Foundations
* Investment banks
* Merchant banks
* Commercial banks
* High-net-worth individuals
* Family offices
* Sovereign wealth funds
* Crowdfunding

Related
financial terms|

* AUM
* Cap table
* Capital call
* Capital commitment
* Capital structure
* Distribution waterfall
* EBITDA
* Envy ratio
* High-yield debt
* IPO
* IRR
* Leverage
* Liquidation preference
* M&A
* PME
* Taxation of private equity and hedge funds
* Undercapitalization
* Vintage year

* List of private equity firms
* List of venture capital firms

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