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dMY Technology Group
dMY Technology Group, founded by Niccolo de Masi and Harry You, raises SPAC capital to bring technology companies to public markets.
dMY Technology Group
'dMY Technology Group has a proven operating system for ensuring ‘all weather’ and rapidly-growing private companies become outstanding public companies.
General information
Firm type
Family Office
Year founded
2020
AUM
$1B - $10B (per the firm website)
Location
Region
Asia
Country
United States
City
Las Vegas
Corporate office
1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144, United States
Principals
Niccolo de Masi
Chief Executive Officer
Harry L. You
Chairman
Mr. Chung
Vice President
Sector focus
Frequently asked questions
Who runs investment decisions at dMY Technology Group?
Niccolo de Masi serves as Chief Executive Officer, making investment decisions alongside Chairman Harry You. Both have extensive public company experience — de Masi as a former Glu Mobile CEO and You as former Oracle CFO (per the firm website).
How does dMY source proprietary deal flow?
dMY's deal flow comes from the founders' networks built over decades in technology and finance. de Masi and You have conducted over 40 IPOs and hundreds of M&A transactions, giving them access to private tech companies seeking public market sponsors (per the firm website).
Is dMY structured as a single family office or a SPAC sponsor?
dMY operates as a SPAC sponsor firm, not a traditional family office. It has raised over $2B in capital through six sequential SPAC vehicles (dMY I through dMY VI), each focused on acquiring a single private tech company and taking it public (per the firm website).
What investment stages does dMY typically target?
dMY targets rapidly-growing private technology companies able to command public market capitalizations between $2B and $8B. The firm focuses on the later stages of growth, serving as a sponsor for the IPO process rather than an early-stage venture investor (per the firm website).
Which sectors does dMY explicitly avoid?
dMY does not publicly disclose sectors it avoids. Its confirmed portfolio companies span quantum computing (IonQ), sports data (Genius Sports Group), and online gaming (Rush Street Interactive), indicating a broad technology mandate.
Does dMY participate in fund commitments or only direct deals?
dMY operates exclusively through direct SPAC vehicles. Each dMY SPAC raises its own capital via public offering and then acquires a single private company. The firm does not participate in other funds or commit capital as an LP (per the firm website).
How is dMY related to its portfolio companies post-merger?
dMY principals, including de Masi and You, typically join the board of directors of each portfolio company after the business combination closes. de Masi serves on the boards of Rush Street Interactive, Genius Sports Group, and IonQ (per the firm website).
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