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 th ...

based in

San Francisco, California San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

. 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 sociology, sociological concept of the ''Öf ...

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 recorded ...

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 private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm in ...

and

McKinsey & Company McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinse ...

. 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. For public markets, Dragoneer manages long-only strategy funds that invests in technology companies. 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, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets ...

funds that provides funding to private technology companies. The firm avoids going through the traditional fundraising method and instead tries other methods such as secondary stock sales or using convertible debt notes.

SPAC deals

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, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

(Ticker: DGNR) raising $600 million. DGNR is a

SPAC SPAC primarily refers to a special-purpose acquisition company, a method of taking a company public by merging it with an already public investment company. SPAC may also refer to: * Henry Crown Sports and Aquatics Center, a sports facility at No ...

which is a blank-check company. 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. 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) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

(Ticker: DGNS) raising $240 million. In July 2021, Cvent became a listed company by merging with DGNS in a deal worth $5.3 billion. In March 2021, a third SPAC, Dragoneer Growth Opportunities Corp III was listed on the Nasdaq (Ticker: DGNU) raising $400 million.

Funds

Notable venture capital investments

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* AppFolio *

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* Chime * Compass, Inc. * CRED *

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* Domo *

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* Gusto * HackerOne *

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* MercadoLibre *

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* Slack *

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* Tekion Corp *

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* Whatfix

References

External links

www.dragoneer.com
(Company Website) * (Capital Markets Platform) {{authority control Financial services companies established in 2012 Financial services companies based in California Companies based in San Francisco Hedge fund firms of the United States Venture capital firms of the United States