Dragoneer Investment Group: Difference between revisions
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In November 2020, a second SPAC, Dragoneer Growth Opportunities Corp II was listed on the [[Nasdaq]] (Ticker: DGNS) raising $240 million.<ref>{{Cite web |last=Capital |first=Renaissance |title=Dragoneer's second SPAC Dragoneer Growth Opportunities II prices upsized $240 million IPO at $10 |url=https://www.nasdaq.com/articles/dragoneers-second-spac-dragoneer-growth-opportunities-ii-prices-upsized-%24240-million-ipo |access-date=2021-07-08 |website=www.nasdaq.com |language=en}}</ref> On July 2021, [[Cvent]] became a listed company by merging with DGNS in a deal worth $5.3 billion.<ref>{{Cite news |last=Niket |first=Nishant |date=2021-07-23 |title=Tech firm Cvent to return to public markets via $5.3 bln blank-check deal |language=en |work=Reuters |url=https://www.reuters.com/technology/tech-firm-cvent-go-public-53-bln-blank-check-deal-2021-07-23/ |access-date=2023-02-05}}</ref> |
In November 2020, a second SPAC, Dragoneer Growth Opportunities Corp II was listed on the [[Nasdaq]] (Ticker: DGNS) raising $240 million.<ref>{{Cite web |last=Capital |first=Renaissance |title=Dragoneer's second SPAC Dragoneer Growth Opportunities II prices upsized $240 million IPO at $10 |url=https://www.nasdaq.com/articles/dragoneers-second-spac-dragoneer-growth-opportunities-ii-prices-upsized-%24240-million-ipo |access-date=2021-07-08 |website=www.nasdaq.com |language=en}}</ref> On July 2021, [[Cvent]] became a listed company by merging with DGNS in a deal worth $5.3 billion.<ref>{{Cite news |last=Niket |first=Nishant |date=2021-07-23 |title=Tech firm Cvent to return to public markets via $5.3 bln blank-check deal |language=en |work=Reuters |url=https://www.reuters.com/technology/tech-firm-cvent-go-public-53-bln-blank-check-deal-2021-07-23/ |access-date=2023-02-05}}</ref> |
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In March 2021, a third SPAC, Dragoneer Growth Opportunities Corp III was listed on the Nasdaq (Ticker: |
In March 2021, a third SPAC, Dragoneer Growth Opportunities Corp III was listed on the Nasdaq (Ticker: DGNU) raising $400 million.<ref> |
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{{Cite web |last=Capital |first=Renaissance Capital |title=SPAC Dragoneer Growth Opportunities III prices $400 million IPO |url=https://www.nasdaq.com/articles/spac-dragoneer-growth-opportunities-iii-prices-%24400-million-ipo-2021-03-23 |access-date=2021-07-08 |website=www.nasdaq.com |language=en}} |
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== Funds == |
== Funds == |
Revision as of 15:05, 19 March 2023
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Company type | Private |
---|---|
Industrie | |
Gegründet | 2012 |
Gründer | Marc Stad |
Hauptsitz | Letterman Digital Arts Center, San Francisco, California, U.S. |
Produkte | Investments |
AUM | US$24.9 billion (2022) |
Number of employees | 51 (2022) |
Website | |
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
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 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
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 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.[9]
In November 2020, a second SPAC, Dragoneer Growth Opportunities Corp II was listed on the Nasdaq (Ticker: DGNS) raising $240 million.[10] On 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
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
- 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
- New Relic
- Nubank
- Procore
- Redfin
- ResearchGate
- Roblox[19]
- Slack[4]
- Snapchat
- Snowflake[4]
- Spotify[4]
- Strava
- Teabox[20]
- Uber[4]
- UiPath
- Wealthfront
- Whatfix[21]
References
- ^ "FORM ADV" (PDF). U.S. Securities and Exchange Commission. 2022-05-03. pp. 6–7.
- ^ "Dragoneer Investment Group Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 2021-07-08.
- ^ a b c "Marc Stad". Stanford Graduate School of Business. Retrieved 2021-07-08.
- ^ a b c d e f g "Charting their own course to giving back". Harvard Alumni. Retrieved 2023-02-05.
- ^ "Marc Stad". Forbes. Retrieved 2023-02-05.
- ^ 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 2021-07-09. Retrieved 2021-07-08.
- ^ Schleifer, Theodore (2017-12-06). "Marc Stad, behind the scenes, is winning ownership stakes in Silicon Valley's hottest companies". Vox. Retrieved 2023-02-05.
- ^ a b "Dragoneer Growth Opportunities Corp. Announces Pricing of $600,000,000 Initial Public Offering". www.businesswire.com. 2020-08-14. Retrieved 2021-07-08.
- ^ Scism, Maureen Farrell and Leslie (2021-02-03). "WSJ News Exclusive | CCC Information Services to Go Public in $6.5 Billion SPAC Merger". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-07-08.
- ^ Capital, Renaissance. "Dragoneer's second SPAC Dragoneer Growth Opportunities II prices upsized $240 million IPO at $10". www.nasdaq.com. Retrieved 2021-07-08.
- ^ Niket, Nishant (2021-07-23). "Tech firm Cvent to return to public markets via $5.3 bln blank-check deal". Reuters. Retrieved 2023-02-05.
- ^ Capital, Renaissance Capital. "SPAC Dragoneer Growth Opportunities III prices $400 million IPO". www.nasdaq.com. Retrieved 2021-07-08.
- ^ "Airbnb closes $475 million funding round". Fortune. Retrieved 2021-07-08.
- ^ Gaffney, Mark (2021-01-25). "Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack". WhaleWisdom Alpha. Retrieved 2021-07-08.
- ^ Roof, Katie (25 August 2021). "Dragoneer Expected to Lead Discord Round at $15 Billion Value". Bloomberg.com. Retrieved August 28, 2021.
- ^ "Flipkart Raises $160M From Dragoneer Investment, Morgan Stanley Investment & Others | MediaNama". www.medianama.com. 9 October 2013. Retrieved 2021-07-08.
- ^ "HackerOne Raises $40 Million to Make the Internet Safer for Everyone". www.businesswire.com. 2017-02-08. Retrieved 2021-07-08.
- ^ "Klarna raises $460 million, looks to expand its payments presence in the US". TechCrunch. 6 August 2019. Retrieved 2021-07-08.
- ^ Sen, Joshua Franklin, Anirban (2021-01-06). "Gaming site Roblox valued at $30 bln, plans direct listing". Reuters. Retrieved 2021-07-08.
{{cite news}}
: CS1 maint: multiple names: authors list (link) - ^ "Teabox Raises $6M To Grow Its Global Tea-Commerce Business". TechCrunch. 25 March 2015. Retrieved 2021-07-08.
- ^ "Whatfix nabs $90M to help workers onboard and get the most out of their IT stacks". TechCrunch. 8 June 2021. Retrieved 2021-07-08.
External links
- www.dragoneer.com (Company Website)
- www.dragoneergrowth.com (Capital Markets Platform)