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D/XYZ

also invests · investor profile

Founded 2020 · 4 known investors

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Destiny Tech100 is a proposed exchange-traded fund designed to provide everyday investors access to a diversified portfolio of the top 100 venture-backed private technology companies. The fund aims to democratize investment opportunities in high-growth private tech firms that were previously available only to institutions and accredited investors.

Also known as D/XYZ · Destiny · Destiny Tech100

Founders & leadership

D/XYZ was founded in 2020 by Sohail Prasad.

SPSohail Prasad
Sohail PrasadFounderSohail Prasad founded Destiny Tech100, an investment management company providing public market access to private technology companies. Previously, he founded and led Forge, a private securities marketplace, and earlier held product and engineering roles at Zynga, Chartboost, Google, and MIT Media Lab; he attended Carnegie Mellon University studying electrical and computer engineering.

Investors · 4

Company profile

researched Aug 2026

D/XYZ is a financial products company whose stated aim is to open access to venture-backed private technology companies to investors of any net worth. Its flagship product, the Destiny Tech100, is designed as an investment portfolio holding the top 100 high-growth private technology companies. The company positions the product by analogy to broad-market exchange-traded funds, comparing it to SPY (a listed portfolio of the 500 largest publicly traded U.S. companies) and QQQ (an exchange-traded fund of 100 of the largest non-financial companies listed on Nasdaq).

Beyond the Tech100, D/XYZ describes its plan as creating a family of exchange-traded products which, once publicly listed, would allow anyone with a brokerage account to invest in portfolios of private technology companies. The company frames the opportunity around the observation that companies are remaining private longer while achieving substantial growth, so that returns generated before an initial public offering accrue only to institutions and insiders. It characterizes the unicorn market as a growing $4.5 trillion asset class whose growth is accessible to a limited set of participants.

Business model

D/XYZ intends to package holdings in private, venture-backed technology companies into exchange-traded products that can be bought and sold through ordinary brokerage accounts, beginning with the Destiny Tech100 portfolio and expanding to a family of similar listed products.

▸Full profile — market position, technology, go-to-market, geography

Market position

The company presents itself as offering public access to an asset class it describes as a growing $4.5 trillion unicorn market, contrasting its listed-portfolio approach with private-market access limited to institutions and insiders.

The stated point of differentiation is the delivery of private-company exposure through a publicly listed, brokerage-accessible portfolio structure rather than through private placements restricted to institutions and accredited investors.

Technology

The company references proprietary return data ("Destiny Data") used to compare pre-IPO, post-IPO and since-listing returns for companies such as Airbnb, DoorDash and Snowflake.

Go-to-market

Everyday retail investors who hold brokerage accounts and who, regardless of net worth or accredited-investor status, have historically been unable to access private-market technology deals before an IPO.

Geography

Product framing references U.S. public-market benchmarks and listings, including the S&P 500 and the Nasdaq 100.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Airbnb pre-IPO return (Destiny Data)Aug 2026251.2%
DoorDash pre-IPO return (Destiny Data)Aug 2026405.1%
Planned number of portfolio holdings (Destiny Tech100)Jan 2026100 companies
Snowflake pre-IPO return (Destiny Data)Aug 2026748.9%
Stated size of unicorn asset classJan 2026$4.5T

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

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▸Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does D/XYZ do?
D/XYZ is building exchange-listed products, starting with the Destiny Tech100, that give retail investors access to private tech firms.
Who founded D/XYZ?
D/XYZ was founded by Sohail Prasad in 2020.
Who are D/XYZ's investors?
D/XYZ's investors include Soma Capital, Streamlined Ventures, Todd and Rahul’s Angel Fund, Utopian Ventures.