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Investor profile

Dragoneer Investment Group

Private Equity, Venture Capital · Founded 2012 · San Francisco, United States

Long-only, growth-oriented public and private investor based in san francisco

116 portfolio companies Private Equity, Venture Capital · $127B invested · 184 investments · Investor rank #26 · Last investment 7/2026
Portfolio companies 116 ↑ 24% 5y
Decacorns 32 ↑ 42% 5y
Thoroughbreds 85 ↑ 22% 5y
01 · Biggest holdings

Dragoneer Investment Group’s biggest current holdings.

The most valuable companies Dragoneer Investment Group still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Dragoneer Investment Group directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 AnthropicCenticorn · Enterprise Software · USA $965B
  2. 2 OpenAICenticorn · Enterprise Software · USA $852B
  3. 3 DatabricksCenticorn · Enterprise Software · USA $188B
  4. 4 RevolutCenticorn · Fintech · UK $115B
  5. 5 CanvaDecacorn · Media · Australia $42.0B
  6. 6 HelsingDecacorn · Security · Germany $18.0B
  7. 7 MiroDecacorn · Enterprise Software · USA $17.5B
  8. 8 RipplingDecacorn · Fintech · USA $16.8B
  9. 9 ClickHouseDecacorn · Enterprise Software · USA 1.5% $15.0B $225M
  10. 10 DiscordDecacorn · Gaming · USA 3% $15.0B $450M
  11. 11 FaireDecacorn · Home Living · USA $12.6B
  12. 12 Checkout.comDecacorn · Fintech · UK $12.0B

Estimated value = Dragoneer Investment Group’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Dragoneer Investment Group also appears inside investor groups in StockX, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Dragoneer Investment Group’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Dragoneer Investment Group’s transaction record.

$82B IPO · 2019
Now $163BFood
$68B IPO · 2020
Entered Series B+Now $114BHosting
$47B IPO · 2020
Entered Series B+Now $97BTravel
$39B IPO · 2020
Entered Series B+Now $92BFood
$30B IPO · 2018
Now $90BMusic
$77B IPO · 2021
Entered Series B+Now $23BEnergy
$42B IPO · 2021
Entered Series B+Now $70BFintech
$45B IPO · 2021
Entered Series B+Now $26BGaming
$4.4B IPO · 2015
Now $38BEnterprise Software
$36B IPO · 2021
Entered Series B+Now $6.6BEnterprise Software
$33B IPO · 2017
Entered Series B+Now $11BMedia
$12B IPO · 2021
Entered Series B+Now $30BFood
03 · Portfolio analysis

Where Dragoneer Investment Group’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 116 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA85
  2. India11
  3. Brazil6
  4. Germany4
  5. Canada3
  6. China3
  7. France3
  8. UK3
  9. Australia2
  10. Sweden2
  11. Argentina1
  12. Austria1
By sectorCount
  1. Enterprise Software42
  2. Fintech38
  3. Health14
  4. Real Estate13
  5. Food11
  6. Marketing9
  7. Media9
  8. Education7
  9. Transportation7
  10. Home Living5
  11. Jobs Recruitment4
  12. Security3
By stage enteredCount
  1. Series B+106
  2. Series A4
  3. Seed2
By growth stageCount
  1. Late Growth116
  2. Breakout Stage10
  3. Early Growth1
  4. Mature1
04 · Portfolio market map

Inside Dragoneer Investment Group’s portfolio.

The 60 highest-funded portfolio companies, of 116 tracked.

OpenAI
Enterprise Software · Centicorn
$852B
Anthropic
Enterprise Software · Centicorn
$965B
Waymo
Robotics · Centicorn
$126B
Databricks
Enterprise Software · Centicorn
$188B
Uber
Food · Centicorn
$163B
Rivian Automotive
Energy · Decacorn
$23B
Flipkart
Home Living · Decacorn
$36B
Klarna
Fintech · Unicorn
$4.9B
Guazi
Transportation · Unicorn
$9.0B
Airbnb
Travel · Decacorn
$97B
Revolut
Fintech · Centicorn
$115B
Helsing
Security · Decacorn
$18B
Instacart
Food · Decacorn
$11B
Wonder
Food · Unicorn
$9.0B
Snap
Media · Decacorn
$11B
Zomato
Food · Decacorn
$30B
DoorDash
Food · Decacorn
$92B
Nubank
Fintech · Decacorn
$70B
Spotify
Music · Decacorn
$90B
Chime
Fintech · Decacorn
$10B
UiPath
Enterprise Software · Unicorn
$6.6B
Lacework
Security · Unicorn
$8.3B
Rippling
Fintech · Decacorn
$17B
Cred
Fintech · Unicorn
$4.5B
Checkout.com
Fintech · Decacorn
$12B
Metropolis Technologies
Fintech · Unicorn
$5.0B
N26
Fintech · Unicorn
$6.0B
Scale
Enterprise Software · Decacorn
$29B
Inflection AI
Enterprise Software · Unicorn
$4.0B
Compass
Real Estate · Decacorn
$13B
Faire
Home Living · Decacorn
$13B
ServiceTitan
Real Estate · Unicorn
$7.6B
Slack
Enterprise Software · Decacorn
$23B
Oscar
Health · Unicorn
$5.0B
Snowflake
Hosting · Centicorn
$114B
Gorillas
Food · Unicorn
$1.2B
Alan
Fintech · Unicorn
$5.5B
Rapyd
Fintech · Unicorn
$4.5B
Hippo Insurance
Fintech
$667M
Wealthsimple
Fintech · Unicorn
$7.3B
Nice Tuan
Food · Unicorn
$3.0B
ClickHouse
Enterprise Software · Decacorn
$15B
Ro Health
Health · Unicorn
$7.0B
Discord
Gaming · Decacorn
$15B
Canva
Media · Decacorn
$42B
Samsara
Enterprise Software · Decacorn
$23B
Roblox
Gaming · Decacorn
$26B
SpotOn
Fintech · Unicorn
$3.6B
Unacademy
Education
$450M
Olive
Health
PolicyBazaar
Health · Unicorn
$9.8B
QuintoAndar
Real Estate · Unicorn
$5.1B
Domo
Marketing
$299M
Upgrade
Fintech · Unicorn
$7.3B
Entrata
Real Estate · Unicorn
$4.3B
Gusto
Fintech
$9K
GoStudent
Education · Unicorn
$3.5B
ManoMano
Home Living · Unicorn
$2.6B
BharatPe
Fintech · Unicorn
$2.9B
Lyra Health
Health · Unicorn
$5.8B
05 · Portfolio founders

Where Dragoneer Investment Group’s portfolio founders come from.

200 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States117
  2. India14
  3. Brazil8
  4. United Kingdom8
  5. France6
  6. Canada5
  7. China5
  8. Germany4
  9. Sweden4
  10. Australia3
UniversityCount
  1. Stanford University19
  2. University of California, Berkeley11
  3. Harvard University6
  4. Massachusetts Institute of Technology6
  5. Stanford University Graduate School of Business5
  6. University of Oxford5
  7. Princeton University4
  8. Harvard Business School3
  9. Indian Institute of Management, Calcutta3
  10. Indian Institute of Technology, Delhi3
Previous companyCount
  1. Alphabet | Google12
  2. McKinsey & Company10
  3. Oracle7
  4. Goldman Sachs5
  5. Meta5
  6. Microsoft5
  7. Square5
  8. Sunopsis5
  9. Tangosol5
  10. Bain & Company4