Destiny (D/XYZ)

Overview

Destiny (D/XYZ) is an investment management firm focused on bridging the gap between public and private markets, offering everyday investors access to private technology companies. Their flagship product, the Destiny Tech100, is a publicly-listed portfolio comprising 100 of the top venture-backed private technology companies, including SpaceX, OpenAI, Stripe, Revolut, Epic Games, and Discord. This initiative aims to democratize investment opportunities that were previously limited to institutional and accredited investors. The firm's strategy involves creating exchange-traded products that enable investors to participate in the growth of leading private companies. By listing these products on public exchanges, Destiny (D/XYZ) provides liquidity and transparency, allowing a broader range of investors to engage with high-growth technology firms. The Destiny Tech100, for instance, trades on the New York Stock Exchange under the ticker symbol DXYZ, offering a diversified exposure to the private tech sector. Founded in 2020 and headquartered in Austin, Texas, Destiny (D/XYZ) was established by Sohail Prasad, who previously founded Forge Global, a private securities marketplace. The company has attracted significant investment, including a $100 million funding round in October 2021, with early investors such as Fred Ehrsam of Paradigm.xyz and seed-stage angel investment group Sand Hill Angels. This backing supports the development and launch of products like the Destiny Tech100, aiming to provide everyday investors with access to private market leaders for the first time.

Investment Focus

• Accredited Investor

Portfolio Companies