Founded 2009, preeminent venture platform for travel/transportation entrepreneurs. £243m+ deployed across 4 active funds; 30+ portfolio companies. Notable exits: Sonder, Uplift, Optii Solutions; portfolio incl. Sonder (tech-driven hospitality), Duetto (hotel SaaS). Sept 2024 merged with Derive Ventures to form Thayer Investment Partners (TIP); team: Chris Hemmeter, Tyler Carrico, Mike Scott (Managing Partners); Mark Farrell (MD).
Investment Focus
Investment Thesis
Founded 2009, exclusive focus on TravelTech & hospitality. Seed to Growth stage: prioritizes early-stage B2B, selective seed/later-stage & B2C. Check sizes: Seed avg. £2.2m, Series A avg. £6.9m, Series B avg. £22.8m. Global & Europe geographic focus, San Francisco base. Deep industry network for deal flow & portfolio value-add; sole focus on travel/transportation technologies. Avoids non-tech hospitality, pure consumer travel apps.
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