Venture capital firm
Dragoneer Investment Group portfolio
dragoneer.comDragoneer Investment Group is a venture capital firm based in San Francisco, United States, founded in 2012. It has invested in 82 venture-backed companies across 124 funding rounds on VCMC, and led 37 of those rounds. 7 of them were in the last 12 months.
82
Venture-backed companies
in its portfolio on VCMC
124
Funding rounds
led 37
7
Last 12 months
rounds, Oct 2025 to Sep 2026
56
With a disclosed valuation
of 82 companies
$2.31T
Combined value of its private companies
the whole companies, not what Dragoneer Investment Group owns
76 private companies Dragoneer Investment Group has backed have a VCMC valuation; together they are worth $2.31T. That is the value of the whole companies, not what Dragoneer Investment Group owns. Anthropic is 47% of the total. 6 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Dragoneer Investment Group's most valuable portfolio companies
The 10 most valuable private companies Dragoneer Investment Group has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Anthropic Tech Companies, San Francisco $1.09T range $838.9B – $1.51T Led at Series G, 2026
- 2 OpenAI Tech Companies, San Francisco $374.6B range $263.0B – $430.9B Led at Growth, 2025
- 3 Databricks Tech Companies, San Francisco $193.6B range $165.2B – $240.4B Joined at Series F, 2019
- 4 Waymo Car Rental, Mountain View $155.4B range $109.5B – $193.5B Led at Series D, 2026
- 5 Revolut Banks & ATMs, London $78.1B range $61.5B – $91.0B Led at Growth, 2025
- 6 Ramp Tech Companies, New York $60.1B range $52.2B – $75.9B Led at Growth, 2026
- 7 Canva Tech Companies, Surry Hills $37.7B range $15.4B – $73.7B Led at Growth, 2021
- 8 Checkout.com Payment Processing & Point of Sale, London $32.6B range $4.9B – $59.2B Joined at Series D, 2022
- 9 Rippling Tech Companies, San Francisco $23.4B range $15.5B – $26.9B Joined at Series E, 2023
- 10 Faire General Retail & Merchandise, San Francisco $20.3B range $8.0B – $29.3B Led at Series E, 2020
Portfolio
Full Dragoneer Investment Group portfolio (82 companies)
82 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | OpenAI Tech Companies · led at Growth, 2025 | Other Mar 2026 $122.00B | $374.6B | $263.0B – $430.9B | $374.6B (0%) | $33.7B | 0% | 11,490 | growing | A | |
| 2 | Anthropic Tech Companies · led at Series G, 2026 | Series H May 2026 $65.00B | $1.09T | $838.9B – $1.51T | $1.31T (+20%) | $144.0B | 0% | 6,076 | growing | A | |
| 3 | Revolut Banks & ATMs · led at Growth, 2025 | Growth Equity Sep 2025 $2.00B | $78.1B | $61.5B – $91.0B | $67.8B (-13%) | $8.0B | 35% | 20,310 | flat | A | |
| 4 | Databricks Tech Companies · since Series F, 2019 | Growth Equity Aug 2026 $5.00B | $193.6B | $165.2B – $240.4B | $209.0B (+8%) | $18.8B | 0% | 17,130 | growing | A | |
| 5 | Waymo Car Rental · led at Series D, 2026 | Debt Oct 2026 $5.00B | $155.4B | $109.5B – $193.5B | $168.2B (+8%) | $18.5B | 0% | 4,831 | growing | A | |
| 6 | Ramp Tech Companies · led at Growth, 2026 | Growth Equity Oct 2026 $1.85B | $60.1B | $52.2B – $75.9B | $66.0B (+10%) | $5.9B | 0% | 6,282 | growing | A | |
| 7 | Metropolis Tech Companies · since Series A, 2021 | Debt Nov 2025 $1.10B | $6.8B | $4.3B – $7.9B | $6.9B (+1%) | $758M | 0% | 1,976 | growing | B | |
| 8 | Helsing Aerospace and Defence · since Series E, 2026 | Series E Jul 2026 $1.80B | $19.5B | $15.6B – $27.5B | $23.9B (+23%) | $2.9B | 0% | 895 | growing | A | |
| 9 | Guazi Used Car Automobile Dealers & Manufacturers · since Series B, 2017 | Growth Equity Feb 2019 $1.50B | $4.9B | $423M – $10.4B | $4.9B (0%) | $1.0B | 0% | 110 | flat | D | |
| 10 | Wonder Food delivery · since Series C, 2024 | Series D Jul 2026 $650M | $9.7B | $7.8B – $13.5B | $11.7B (+21%) | $1.3B | 0% | 10,359 | flat | A | |
| 11 | Rippling Tech Companies · since Series E, 2023 | Series G May 2025 $450M | $23.4B | $15.5B – $26.9B | $23.4B (0%) | $2.6B | 0% | 7,815 | growing | A | |
| 12 | Checkout.com Payment Processing & Point of Sale · since Series D, 2022 | Series D Jan 2022 $1.00B | $32.6B | $4.9B – $59.2B | $30.9B (-5%) | $6.9B | 0% | 2,477 | up | D | |
| 13 | CRED Payment Processing & Point of Sale · since Series B, 2019 | Series H Jun 2026 $900M | $4.9B | $3.9B – $6.7B | $5.8B (+19%) | $739M | 0% | 2,252 | up | A | |
| 14 | N26 Banks & ATMs · since Series E, 2021 | Series E Oct 2021 $900M | $8.5B | $1.3B – $13.7B | $8.2B (-4%) | $1.5B | 5% | 2,261 | up | D | |
| 15 | Rapyd Payment Processing & Point of Sale · since Series E, 2021 | Growth Equity Feb 2025 $500M | $4.8B | $3.1B – $5.8B | $4.4B (-7%) | $560M | 19% | 857 | up | B | |
| 16 | Alan Insurance - Agents, Carriers & Brokers · since Series D, 2021 | Series G Jun 2026 $550M | $6.9B | $5.5B – $9.6B | $8.3B (+20%) | $997M | 0% | 1,609 | up | A | |
| 17 | Wealthsimple Investment Consultants & Financial Advisors · led at Growth, 2021 | Growth Equity Oct 2025 $540M | $8.5B | $6.2B – $9.8B | $8.5B (0%) | $763M | 0% | 2,493 | growing | A | |
| 18 | Faire General Retail & Merchandise · led at Series E, 2020 | Series G Nov 2021 $400M | $20.3B | $8.0B – $29.3B | $20.3B (0%) | $2.8B | 4% | 7,705 | growing | C | |
| 19 | Ro Health Care Services · since Seed, 2017 | Growth Equity Feb 2022 $150M | $5.7B | $844M – $8.6B | $5.6B (-2%) | $693M | 0% | 1,481 | up | D | |
| 20 | Impact Interactive Software Development Services · since Growth, 2023 | Growth Equity Nov 2023 $1.00B | $3.1B | $860M – $7.0B | $2.3B (-26%) | $415M | 46% | 86 | flat | D | |
| 21 | Discord Tech Companies · led at Series H+, 2021 | Series I Sep 2021 $500M | $16.4B | $6.5B – $29.8B | $15.5B (-5%) | $2.9B | 26% | 5,115 | growing | C | |
| 22 | SpotOn Payment Processing & Point of Sale · led at Series B, 2020 | Series F May 2022 $300M | $3.8B | $411M – $5.0B | $3.5B (-8%) | $537M | 8% | 2,675 | flat | D | |
| 23 | Olive Tech Companies · since Growth, 2020 | Series H Jul 2021 $400M | $3.6B | $348M – $6.0B | $3.5B (-4%) | $572M | 20% | 660 | unknown | D | |
| 24 | Lyra Health Psychologists & Counseling Services · led at Series F, 2022 | Series F Jan 2022 $235M | $6.6B | $974M – $9.9B | $6.3B (-4%) | $1.0B | 0% | 2,973 | up | D | |
| 25 | ClickHouse Tech Companies · led at Series D, 2026 | Series D Jan 2026 $400M | $19.9B | $13.0B – $25.0B | $21.7B (+9%) | $2.4B | 0% | 577 | growing | B | |
| 26 | BharatPe Payment Processing & Point of Sale · since Series E, 2021 | Debt May 2025 $15M | $5.3B | $769M – $6.1B | $5.1B (-4%) | $739M | 0% | 4,126 | up | D | |
| 27 | GoStudent Learning, Tutoring & Courses · since Series C, 2021 | Growth Equity Aug 2023 $95M | $1.4B | $573M – $3.7B | $1.1B (-21%) | $356M | 59% | 2,679 | flat | C | |
| 28 | Upgrade Loans & Financing · since Series F, 2021 | Series G Oct 2025 $165M | $9.5B | $6.3B – $10.9B | $9.5B (0%) | $1.0B | 0% | 1,602 | flat | A | |
| 29 | Innovaccer Tech Companies · since Seed, 2015 | Series F Jan 2025 $275M | $4.6B | $2.0B – $5.3B | $4.6B (0%) | $502M | 0% | 1,630 | flat | B | |
| 30 | QuintoAndar Real Estate - Agents & Managers · since Series D, 2019 | Series E May 2021 $300M | $3.6B | $594M – $7.3B | $3.4B (-5%) | $881M | 18% | 6,052 | up | D | |
| 31 | Tekion Tech Companies · since Growth, 2024 | Growth Equity Jul 2024 $200M | $4.6B | $2.1B – $5.3B | $4.6B (-1%) | $409M | 0% | 3,016 | up | B | |
| 32 | Gusto Tech Companies · led at Series C, 2018 | Series E Aug 2021 $175M | $18.0B | $7.1B – $20.7B | $18.0B (0%) | $2.0B | 0% | 8,228 | growing | B | |
| 33 | Dutchie Tech Companies · since Series C, 2021 | Series D Oct 2021 $350M | $1.5B | $231M – $4.9B | $1.4B (-11%) | $518M | 40% | 468 | flat | D | |
| 34 | Carbon Health Health Care Services · led at Series C, 2020 | Series D Jan 2023 $100M | $1.1B | $139M – $2.3B | $914M (-14%) | $172M | 22% | 1,078 | flat | D | |
| 35 | Tonal Fitness Equipment · led at Series E, 2021 | Series F Apr 2023 $130M | $1.6B | $282M – $2.7B | $1.4B (-11%) | $264M | 12% | 409 | flat | D | |
| 36 | Canva Tech Companies · led at Growth, 2021 | Growth Equity Sep 2021 $200M | $37.7B | $15.4B – $73.7B | $34.9B (-7%) | $7.0B | 33% | 23,213 | growing | C | |
| 37 | Formation Bio Pharmaceutical Products · since Series C, 2021 | Series D Jun 2024 $372M | $6.0B | $1.5B – $8.5B | $4.0B (-34%) | $660M | 0% | 198 | flat | C | |
| 38 | Chainalysis Tech Companies · since Series E, 2021 | Series F May 2022 $170M | $7.4B | $832M – $12.7B | $6.8B (-8%) | $1.4B | 10% | 805 | flat | D | |
| 39 | Entrata Tech Companies · since Series A, 2021 | Private Equity May 2025 $200M | $3.8B | $140M – $8.0B | $3.8B (0%) | $732M | 0% | 895 | unknown | D | |
| 40 | Loggi Shipping Couriers · since Series C, 2017 | Growth Equity Mar 2021 $205M | $2.2B | $214M – $2.8B | $2.1B (-2%) | $297M | 7% | 4,360 | flat | D | |
| 41 | OneStudyTeam Tech Companies · since Series D, 2022 | Series D Apr 2022 $220M | $3.2B | $341M – $6.3B | $3.0B (-8%) | $686M | 8% | 78 | flat | D | |
| 42 | Starburst Tech Companies · since Series A, 2019 | Series D Feb 2022 $250M | $2.6B | $282M – $4.9B | $2.5B (-6%) | $515M | 16% | 530 | flat | D | |
| 43 | Maven Clinic Health Care Services · led at Series D, 2021 | Series F Oct 2024 $125M | $2.3B | $1.2B – $2.6B | $1.9B (-15%) | $248M | 0% | 1,197 | up | B | |
| 44 | Tech Companies · led at Series F, 2022 | Series F Jan 2022 $175M | $1.1B | $458M – $4.8B | $1.1B (-3%) | $471M | 72% | 919 | growing | D | |
| 45 | Tech Companies · led at Series D, 2022 | Series D Feb 2022 $125M | $350M | $137M – $2.2B | $335M (-4%) | $216M | 97% | 251 | down | D | |
| 46 | Tech Companies · since Series D, 2021 | Series D Apr 2021 $105M | $973M | $153M – $1.7B | $932M (-4%) | $172M | 10% | 168 | up | D | |
| 47 | Tech Companies · since Series F, 2020 | Debt Jan 2026 | $2.1B | $828M – $3.1B | $2.1B (-1%) | $297M | 3% | 1,002 | growing | C | |
| 48 | Tech Companies · since Series A, 2014 | Series D Nov 2021 $50M | $215M | $40.2M – $1.2B | $212M (-2%) | $89.4M | 70% | 203 | down | D | |
| 49 | Tech Companies · led at Series C, 2022 | Acquisition Aug 2022 $400M | $611M acquired 2022 | $374M – $978M | – | – | 0% | 120 | unknown | B | |
| 50 | Tech Companies · led at Series B, 2022 | Series B Feb 2022 $35M | $230M | $18.2M – $460M | $220M (-4%) | $41.3M | 18% | 231 | flat | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Dragoneer Investment Group invests: stages, industries and countries
Most of its rounds are Series C and later (76%). Its companies span 27 industries, most in Tech Companies, Payment Processing & Point of Sale and Health Care Services, across 13 countries.
Rounds by stage
- Pre-seed 1
- Seed 6
- Series A 10
- Series B 13
- Series C and later 94
Investments by industry
- Tech Companies 43
- Payment Processing & Point of Sale 7
- Health Care Services 3
- Banks & ATMs 2
- Insurance - Agents, Carriers & Brokers 2
- Learning, Tutoring & Courses 2
- Loans & Financing 2
- Software Development Services 2
Investments by country
- United States 57
- India 8
- Brazil 3
- Canada 2
- China 2
- Germany 2
Recent rounds
Dragoneer Investment Group's latest investments
Dragoneer Investment Group's most recent funding rounds, newest first. 7 rounds in the last 12 months.
- Ramp Growth, led $1.85B 15 Oct 2026
- Databricks Growth $5.00B 13 Aug 2026
- Helsing Series E $1.80B 13 Jul 2026
- Anthropic Series H+, led $65.00B 28 May 2026
- Anthropic Series G, led $30.00B 12 Feb 2026
- Waymo Series D, led $16.00B 1 Feb 2026
- ClickHouse Series D, led $400M 16 Jan 2026
- Wealthsimple Growth, led $540M 27 Oct 2025
- Revolut Growth, led $2.00B 19 Sep 2025
- OpenAI Growth, led $8.30B 1 Aug 2025
Co-investors
Dragoneer Investment Group's top co-investors
The investors that most often join the same rounds as Dragoneer Investment Group. Coatue leads, with 27 rounds together.
- Coatue 27 rounds together
- Tiger Global 26 rounds together
- General Catalyst 21 rounds together
- Sequoia Capital 18 rounds together
- DST Global 18 rounds together
- Andreessen Horowitz 14 rounds together
- GIC 13 rounds together
- Greenoaks 12 rounds together
- Accel 12 rounds together
- Founders Fund 12 rounds together
About
About Dragoneer Investment Group
Dragoneer Investment Group, LLC is an American investment firm engaged in private equity investment, hedge fund management, and venture capital services. The company focuses on technology investments across both public and private markets, targeting companies with growth potential and sustainable business models. Dragoneer Investment Group also provides investment management and financial services to investors.
Description from Veridion's company data.
- Founded
- 2012
- Based in
- San Francisco, United States
- Team
- 80 people, +0% in a year
- Type
- Venture capital firm
Focus markets
- Financial Services
What Dragoneer Investment Group offers
- Investment Management Services
- Private Equity Investment Management
- Hedge Fund Investment Management
- Venture Capital Investment Management
- Technology Investment Management
- Growth Capital Investment Services
- Sustainable Investment Analysis and Reporting
- Investment Portfolio Reporting Services
Questions
Dragoneer Investment Group: frequently asked questions
How many companies has Dragoneer Investment Group invested in?
82 venture-backed companies on VCMC, across 124 funding rounds.
What are Dragoneer Investment Group's most valuable private companies?
Anthropic ($1.09T), OpenAI ($374.6B), Databricks ($193.6B), by VCMC's valuation.
What was Dragoneer Investment Group's latest investment?
Ramp, a Growth round in Oct 2026 of $1.85B, which Dragoneer Investment Group led.
Which stages does Dragoneer Investment Group invest in?
Dragoneer Investment Group invests most often at Series C and later (94 rounds), followed by Series B (13) and Series A (10). It has also joined 6 seed and 1 pre-seed rounds.
What is Dragoneer Investment Group's portfolio worth?
Its private companies with a VCMC valuation are worth $2.31T together. That is the sum of the companies' values, not what Dragoneer Investment Group owns.
Who does Dragoneer Investment Group invest alongside?
Coatue (27 rounds), Tiger Global (26 rounds), General Catalyst (21 rounds).