Destiny (D/XYZ)
Destiny (D/XYZ) operates Destiny Tech100 (NYSE: DXYZ), a 1940 Act-registered closed-end fund providing U.S. retail investors exchange-listed access to a portfolio of venture-backed private technology companies including SpaceX, OpenAI, and Anthropic, charging a 2.5% annual management fee.
- Company typePublic
- Founded2020
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Destiny (D/XYZ) does
Destiny XYZ Inc. operates Destiny Tech100 (NYSE: DXYZ), a 1940 Act-registered closed-end management investment company that provides everyday U.S. retail investors exchange-listed access to a portfolio of top venture-backed private technology companies. Founded in 2020 in Austin, Texas by Sohail Prasad and Samvit Ramadurgam—the same team that previously founded Forge, the largest marketplace for private securities—Destiny's core product, Destiny Tech100, holds 36 companies as of March 31, 2026 (against a 100-company target), with concentrated exposure to Anthropic (18.1%), SpaceX (14.5%), and OpenAI (5.8%). The company also publishes the Unicorn Data platform, tracking over 1,300 unicorns and IPO graduate performance, and runs the #ClaimYourShare referral program to drive retail adoption.
Destiny uses a structure-agnostic investment approach, participating in primary rounds and secondary purchases through Special Purpose Vehicles (SPVs) and forward contracts, allowing exposure to multiple classes of equity, equity-linked, and equity-related securities in late-stage private companies. The fund discloses holdings through monthly N-PORT filings and quarterly NAV strikes with independent third-party valuation support. Technology differentiation centers on the novel exchange-listed wrapper, the SPV architecture that enables fractional exposure to single private companies, and the regulatory structure that permits distribution through any U.S. brokerage account without accreditation or minimum investment thresholds.
The business model is a recurring asset-based management fee: 2.5% per annum on average gross assets (stepped up from 2.0% on invested capital prior to the March 2024 NYSE listing), with no carry or performance fees. End customers are U.S. retail investors accessing DXYZ through standard brokerage accounts. The company has raised $5M in seed funding (2020) and $9.43M in Series A (April 2024) and reports an aggregate portfolio fair value of approximately $434M as of December 31, 2025, with Q4 2025 NAV of $19.97 per share, up 210% year-over-year.
Destiny (D/XYZ) firmographics
Firmographics- Name
- Destiny (D/XYZ)
- Legal name
- Destiny XYZ Inc.
- Website
- https://destiny.xyz
- Company type
- Public
- Founded year
- 2020
- Operating status
- Ipo
- Headcount range
- 11–50 employees
- Short description
- Destiny (D/XYZ) operates Destiny Tech100 (NYSE: DXYZ), a 1940 Act-registered closed-end fund providing U.S. retail investors exchange-listed access to a portfolio of venture-backed private technology companies including SpaceX, OpenAI, and Anthropic, charging a 2.5% annual management fee.
- Ownership category
- akta.pro rank
Destiny (D/XYZ) industry classification
Industry- Product category
- Closed-End Investment Fund
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910)
- SIC
- Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Digital Assets / Crypto Fund of Funds (FSAHAKAL)
- akta.pro secondary industries
- Tokenized Securities & Capital Markets (Equity, Debt, Funds) (FSADAEAA), Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)
Keywords
Where Destiny (D/XYZ) is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Destiny (D/XYZ) business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Management Fees: The fund charges a 2.5% annual management fee on average gross assets, payable quarterly after listing on a national securities exchange. Prior to listing, the management fee was 2.0% per annum on invested capital.
- Portfolio Investment Returns: The fund generates returns through appreciation of its portfolio holdings in private technology companies, including SpaceX, Anthropic, OpenAI, Stripe, and others. Returns are distributed to shareholders through net asset value appreciation and potential dividends.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Share Investment |
| Subscription | Annual | Retail Access |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Destiny (D/XYZ) product offering
Product offeringCore offering
Destiny operates the Destiny Tech100 fund, a closed-end management investment company registered under the 1940 Act that invests in a portfolio of venture-backed private technology companies through Special Purpose Vehicles (SPVs) and forward contracts. The fund's common stock trades on the NYSE under ticker DXYZ, providing retail investors exchange-listed access to private market leaders like SpaceX, Anthropic, OpenAI, and Stripe. The company charges a 2.5% annual management fee on average gross assets with no carried interest.
Product overview
Destiny (D/XYZ) operates as a family of exchange-traded products that bridge public and private markets. The flagship offering is the Destiny Tech100 (DXYZ), a closed-end fund listed on the NYSE that provides everyday investors with exchange-listed access to a portfolio of 100 top venture-backed private technology companies—including SpaceX, OpenAI, Anthropic, Stripe, Revolut, and Discord. The company also offers Unicorn Data, an informational platform tracking thousands of unicorn companies and their IPO performance. A predecessor vehicle, the EQUIAM Tech30 Fund, validated the concept before Destiny Tech100's 2024 NYSE listing. The ecosystem is supported by the #ClaimYourShare promotional program to drive retail investor adoption.
Differentiator
Problem solved
Functional benefit
Products and services
- Destiny Tech100 (DXYZ) A closed-end management investment company registered under the 1940 Act that invests in a portfolio of the top venture-backed private technology companies, providing everyday retail investors exchange-listed access to private market leaders such as SpaceX, OpenAI, Anthropic, Stripe, and Discord via SPV and forward contract structures. Charges a 2.5% annual management fee with no carry.
- Unicorn Data (Unicorn Report) An informational data platform and newsletter providing educational content about venture-backed private technology companies with post-money valuations greater than $1 billion, tracking over 1,300 unicorns, IPO graduate performance, valuation trends, and the $4.5 trillion private market opportunity.
- #ClaimYourShare Program A promotional share giveaway program that awards free shares of DXYZ to users who create accounts, complete identity verification, and link a brokerage account through participating broker-dealers, including a referral component offering free shares for successful referrals.
Quantifiable outcome
- 210% year-over-year NAV growth to $19.97 per share in Q4 2025
- +3 more outcomes
Companies that use Destiny (D/XYZ)
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Destiny (D/XYZ) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Destiny (D/XYZ) partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Magnitude ANC III, LLCcoreDestiny Tech100 invested $100 million through Magnitude ANC III, LLC to gain exposure to Anthropic, one of the fund's largest positions at 18.1% of the portfolio.
- Forge (NYSE:FRGE)minorDestiny was founded by the same team that founded Forge. Forge is the largest marketplace for buying and selling private securities, transacting billions in pre-IPO stock annually with $15B in assets under custody.
- AnthropicminorAI company that updated its website to warn against SPV-based stock sales, naming unauthorized firms. This triggered investor concerns about the fund's legitimacy of holdings, causing the stock to plunge 25%.
- OpenAIminorAI company that also updated its website with warnings against SPV-based stock sales, contributing to investor concerns and stock price volatility.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Destiny (D/XYZ) competitors and assessment
Company assessmentDirect peers
- Forge Global: Forge Global (NYSE: FRGE) is the largest marketplace for buying and selling private securities, founded by the same team that founded Destiny (Sohail Prasad and Samvit Ramadurgam). Both target the same fundamental problem — retail access to private markets — though Forge operates as a secondary marketplace while Destiny is a closed-end fund. Strongest direct peer by founder DNA and mission alignment.
- EquityZen: EquityZen is a private securities marketplace that enables individual investors to buy pre-IPO shares through SPVs. Like Destiny, it focuses on democratizing access to late-stage private companies, but operates a transaction marketplace model rather than an exchange-listed fund.
- Hiive: Hiive operates a private securities marketplace with structured offerings, price discovery, and bid/ask liquidity for private company shares. Direct competitor in the same retail-access-to-pre-IPO space, differentiated by a real-time secondary trading model rather than a closed-end fund wrapper.
- Equitybee: Equitybee enables individual investors to participate in late-stage private funding rounds alongside lead investors. Like Destiny, it serves retail investors seeking pre-IPO exposure, though Equitybee channels capital into specific rounds rather than offering a diversified fund-of-funds vehicle.
- Linqto: Linqto provides a liquid secondary market for private company shares to accredited investors, also using SPV structures. Highly comparable business model but currently constrained by SEC regulatory action, highlighting the structural risk Destiny also faces with SPV-based access.
- SharesPost: SharesPost is an early private securities marketplace that pioneered retail access to pre-IPO companies. Same fundamental mission and target customer as Destiny Tech100, though it operates as a transaction platform rather than an exchange-listed diversified fund.
Emerging players
- iCapital Network: iCapital is a fintech platform providing wealth managers and their high-net-worth clients access to alternative investments including private equity, hedge funds, and structured products. Comparable in democratizing alternative-investment access, though focused on advisor-intermediated distribution rather than direct retail.
- Public.com: Public.com is a retail investing platform that has begun offering selective access to private company shares alongside public market investing. Comparable retail-first ethos and overlapping product roadmap, though private-company exposure is currently more limited and selective than Destiny's diversified fund.
- Moonfare: Moonfare is a digital private equity platform offering individuals access to top-tier private equity funds with lower minimums than traditional funds. Comparable in democratizing access to alternatives, but focused on PE fund access (e.g., Sequoia, Blackstone) rather than a diversified portfolio of operating companies.
Broad incumbents
- Galaxy Digital Holdings: Galaxy Digital (NASDAQ/TSX: GLXY) is a publicly traded digital asset and blockchain-focused financial services firm with exposure to private crypto and venture investments. Less directly comparable in fund structure, but a relevant public-market peer combining asset management, trading, and private investment exposure in technology themes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Destiny (D/XYZ) social profiles
Digital presenceDestiny (D/XYZ) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Destiny (D/XYZ) leadership team
Management profileNumber of profiles
Profiles3 records
Destiny (D/XYZ) subsidiaries and ownership
Company hierarchySubsidiaries1 record
Destiny (D/XYZ) funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Destiny (D/XYZ) M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Destiny (D/XYZ)
What does Destiny (D/XYZ) do?
Destiny operates the Destiny Tech100 fund, a closed-end management investment company registered under the 1940 Act that invests in a portfolio of venture-backed private technology companies through Special Purpose Vehicles (SPVs) and forward contracts. The fund's common stock trades on the NYSE under ticker DXYZ, providing retail investors exchange-listed access to private market leaders like SpaceX, Anthropic, OpenAI, and Stripe. The company charges a 2.5% annual management fee on average gross assets with no carried interest.
Is Destiny (D/XYZ) a public or private company?
Destiny (D/XYZ) is a public company. It is classified as public and is currently ipo.
When was Destiny (D/XYZ) founded?
Destiny (D/XYZ) was founded in 2020. It employs 11 to 50 people.
Where is Destiny (D/XYZ) based?
Destiny (D/XYZ) is headquartered in San Francisco, United States, in the North America region.
How does Destiny (D/XYZ) make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are portfolio Investment Returns.
Who are Destiny (D/XYZ)'s main competitors?
Direct peers on record are Forge Global, EquityZen, Hiive, Equitybee, Linqto and SharesPost. Emerging players are iCapital Network, Public.com and Moonfare. Galaxy Digital Holdings is listed as a broad incumbent.
Does Destiny (D/XYZ) have an API?
No public API is recorded for Destiny (D/XYZ).
What industry is Destiny (D/XYZ) in?
Destiny (D/XYZ)'s product category is Closed-End Investment Fund. Its primary akta.pro industry code is FSAHAKAL, Digital Assets / Crypto Fund of Funds, with a secondary code of FSADAEAA, Tokenized Securities & Capital Markets (Equity, Debt, Funds). Its NAICS code is 525 and its SIC code is 6199.