Based in San Francisco, Thayer Ventures (Thayer) invests in technology companies that focus on the travel and transportation industries. These industries, which represent more than $10 trillion in annual global economic activity, are thriving with entrepreneurial activity due to disruptive changes within these sectors that began more than a decade ago. Recent consumer trends have accelerated this disruption for operators, creating unprecedented opportunities for technology providers to make significant inroads into what was previously a closed market. Additionally, travel, hospitality, and transportation suppliers have been dealing with massive shifts in travel planning, organizing and transportation booking driven by the Internet and social media platforms. As a result, these industries are being forced to rapidly deploy new technologies in order to exploit the opportunities created by this shifting consumer behavior. The combination of these factors has created a unique environment for innovative technology providers to make significant inroads into this massive, growing, and evolving marketplace.
Thayer’s objective is to provide portfolio companies with unequaled counsel, strategic insights and industry connections that drive significant revenue and enable sustainable growth.
In October 2009, the four Managing Directors of Thayer Ventures formed the firm’s inaugural venture capital fund, Quest Hospitality Ventures (“QHV I”). QHV I closed on June 30, 2011, and currently has six active portfolio companies. Fund I was formed around a central thesis: the hospitality and travel industries are being transformed inside-out by technology, and given the unique challenges and nuances faced by entrepreneurs in these sectors, our firm’s deep experience and unequalled relationships would provide incredible value to entrepreneurs and the companies they create. As we invested Fund II (closed in October 2012 and 13 portfolio companies later), our conviction around this thesis only grew stronger. With Thayer Ventures III (“Fund III”), closed in December 2017, we’ve expanded our unique expertise to include the transportation technology sector. The Fund III portfolio is 13 companies strong and growing.