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Thayer Ventures

Kingmaker TierBased on the data VC Catalog holds.

Kingmaker Tier: 95 out of 100

Also known as QUEST HOSPITALITY, Quest Hospitality Ventures Affiliates, Quest Hospitality Ventures Affiliates Fund I, L.P., QUEST HOSPITALITY VENTURES I, L.P., Thayer Investment Partners, THAYER VENTURES ACCESS, THAYER VENTURES ACCESS FUND, L.P., THAYER VENTURES AFFILIATES

  • Cybersecurity
  • HR & future of work
  • Payments
  • Travel & hospitality
  • Global
  • VC
  • B2B
  • B2C
Investor type
VC
Investing status
Activeas of 2026-09-18Source (opens in a new tab)
Headquarters
SAN FRANCISCO, CA, United States
Founded
2008
Assets under management
$165MForm ADV private fund GAV, as of 2026-03-31Source (opens in a new tab)
Funds
9
Legal name
THAYER VENTURES MANAGEMENT COMPANY, L.L.C.
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Record updated 29 September 2026

About

Thayer Investment Partners is a strategic venture capital firm focused on helping entrepreneurs navigate the dynamic, complex world of travel.

Investment approach

Thesis
Travel is more than airlines and accommodations – it is how and why people leave home and what shapes where and how they choose to live in the first place. We invest on behalf of the travel industry. From horizontal platforms—payments, cybersecurity, and workforce management—to vertical solutions across loyalty, distribution, and critical operating systems, we back both industry outsiders and seasoned operators. We connect dots and open doors across the largest and most dynamic industry in the world: hotels, transportation, airlines, cruise, agencies, restaurants, events, sports, entertainment, and experiences.Source (opens in a new tab)
Investing status notes
Thayer Investment Partners participates in TravelX's Series A, led by Kaszek, as the company scales the RmX platform turning static airline inventory into a dynamic, continuously optimized asset.

Funds

THAYER VENTURES AFFILIATES FUND IV, L.P.
$7.3MVintage 2022, Main fund, SEC amount sold
THAYER VENTURES AFFILIATES FUND III, L.P.
$7.8MVintage 2017, Main fund, SEC amount sold
THAYER VENTURES ACCESS FUND, L.P.
Vintage 2016Main fund
THAYER VENTURES AFFILIATES FUND II, L.P.
$15MVintage 2012, Main fund, SEC amount sold
Quest Hospitality Ventures Affiliates Fund I, L.P.
$3.1MVintage 2009, Main fund, SEC amount sold
QUEST HOSPITALITY VENTURES I, L.P.
$1.6MVintage 2009, Main fund, SEC amount sold
THAYER VENTURES III, L.P.
Main fund
THAYER VENTURES II, L.P.
Main fund
THAYER VENTURES IV, L.P.
Main fund

SEC registration

Registered adviser
THAYER VENTURES MANAGEMENT COMPANY, L.L.C.
SEC file number
802-108562
Registration
Exempt reporting adviser
Regulatory AUM
$165Mas of 2026-03-31
Private funds reported
7
Principal office
SAN FRANCISCO, CA, United States
SEC CIK
1472737, 1472972, 1558356
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