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 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]