Thayer Ventures
Venture capitalActively deployingSan Francisco · Series A–Series B
Investment thesis
The firm believes travel technology is fundamental to how people move, live, and experience the world. Thayer invests across horizontal platforms—such as payments, cybersecurity, and workforce management—and vertical solutions including loyalty programs, distribution systems, and operating infrastructure. The firm backs both industry newcomers and experienced operators, aiming to reshape the travel ecosystem.
Source: firm website, verified Jul 21, 2026.
What they invest in
from 3 of 5 portfolio companiesSaaS ×2Travel & Hospitality ×2AI & Machine Learning ×1Enterprise Software ×1HR Tech ×1PropTech ×1
HQs:United States×2
Investments · 5 tracked
founders shown can be your intro pathClarasight is an AI-native operating system for corporate travel and expense management that unifies fragmented data from existing travel, expense, card, and HR systems to provide visibility and enable faster decision-making. The platform helps enterprise travel and expense teams reduce reporting overhead, close spend visibility gaps, and execute program decisions faster.
AI & Machine LearningEnterprise SoftwareSaaS<UNKNOWN>
A governance layer for agentic enterprise AI launched by cybersecurity veterans from CrowdStrike, SentinelOne, Wiz, and Okta.
Lark Hotels is a hotel management company that partners with independent, design-driven boutique hotels across America, providing operational expertise, strategic guidance, and support from pre-opening through ongoing management. The company manages a portfolio of lifestyle-driven properties that prioritize maintaining individual character while achieving financial viability and operational excellence.
PropTechTravel & HospitalityKennebunkport, US
Rob Blood(Founder)
An agentic voice platform for hospitality that raised $36 million in Series B funding.
Switchfly provides travel loyalty technology that enables airlines, loyalty programs, and HR tech platforms to offer travel experiences and rewards. The platform facilitates dynamic packaging, personalized offers, and points-plus-cash redemption options for customers and employees.
HR TechSaaSTravel & HospitalitySan Francisco, US
Frequently asked questions
- What stage does Thayer Ventures invest at?
- Thayer Ventures invests at the Series A, Series B stages.
- What sectors does Thayer Ventures focus on?
- Thayer Ventures focuses on Travel & Hospitality.
- Where is Thayer Ventures located?
- Thayer Ventures is headquartered in San Francisco, US.
- Does Thayer Ventures lead rounds?
- Yes, Thayer Ventures leads investment rounds.
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