Thayer Ventures

Thayer Ventures, established in 2009, is a San Francisco-based venture capital firm that invests in early, mid, and growth-stage technology companies serving the travel and hospitality industry. With an additional office in Valencia, California, the firm focuses on innovative technologies, products, and services that cater to foodservice, cruise lines, lodging, hospitality technology, travel technology, gaming, and airlines. Thayer Ventures' investment strategy is driven by the massive, growing, and evolving travel market, which is being disrupted by consumer trends and the rapid adoption of new technologies.

Mark E. Farrell

Managing Director

Chris Hemmeter

Managing Director

Jeffery M. Jackson

Managing Director

Jeff Jackson

Managing Director

Lee Pillsbury

Managing Director

Leland Pillsbury

Managing Director

Cara Whitehill

Vice President

Past deals in Travel

Safara

Venture Round in 2024
Safara is a membership-based service designed to transform how travelers book accommodations. The company caters to frequent travelers by offering a platform that simplifies hotel booking while providing cashback rewards on each reservation. Users earn cashback that can be applied toward future travel bookings, allowing for significant savings on subsequent trips. This cashback is available instantly and can be used without restrictions, making it a flexible option for travelers. By facilitating affordable travel through a points-based system, Safara aims to enhance the travel experience, enabling users to enjoy more rewarding and cost-effective journeys. The company is supported by prominent investors, including Sequoia Capital and Thayer Ventures.

TripSuite

Seed Round in 2024
TripSuite is a venture-backed Software as a Service (SaaS) company dedicated to supporting travel agencies. It aims to facilitate broader access to travel experiences by streamlining payment processes for travel professionals. TripSuite's platform generates supplier invoices, automatically matches payments, resolves unknown commissions, and manages revenue, enabling agencies to run their business more efficiently.

Bounce

Series B in 2024
Bounce, Inc., operating as Get Bounce, offers a luggage storage platform that allows users to securely store their belongings at local businesses, such as cafes and shops, while they explore the city. Founded in 2017 and headquartered in New York, the company provides both hourly and daily storage options, partnering with local establishments to designate specific areas for secure luggage storage. Bounce caters primarily to travelers and tourists, facilitating convenience and peace of mind during their urban excursions.

Point.me

Series B in 2024
Point.me is an award travel discovery tool and points concierge service that assists loyalty program members in securing flights for fewer points. Utilizing a proprietary algorithm, the platform searches over 150 airlines to identify optimal flight deals, including first and business-class options. It collaborates with more than 30 loyalty programs, allowing customers to filter results based on their preferred programs, airlines, routes, and point balances. In addition to its user-friendly search capabilities, Point.me offers a concierge consulting service, where experts in miles and points manage the award redemption process, simplifying the booking experience for users. This dual approach makes it easier for travelers to find and book rewarding travel experiences.

Point.me

Series A in 2023
Point.me is an award travel discovery tool and points concierge service that assists loyalty program members in securing flights for fewer points. Utilizing a proprietary algorithm, the platform searches over 150 airlines to identify optimal flight deals, including first and business-class options. It collaborates with more than 30 loyalty programs, allowing customers to filter results based on their preferred programs, airlines, routes, and point balances. In addition to its user-friendly search capabilities, Point.me offers a concierge consulting service, where experts in miles and points manage the award redemption process, simplifying the booking experience for users. This dual approach makes it easier for travelers to find and book rewarding travel experiences.

Deal Engine

Seed Round in 2022
Deal Engine LLC is a travel software company based in San Francisco, California, founded in 2017. The company specializes in providing solutions that automate various processes within the travel industry using proprietary AI and APIs. By leveraging advanced algorithms for search and booking, Deal Engine aims to reduce corporate travel expenditures by capitalizing on fluctuating pricing. Its platform eliminates manual tasks, allowing corporate travelers and firms to focus on more valuable activities, thereby facilitating digital transformation in the travel sector.

BookingPal

Series D in 2019
BookingPal, Inc. is a cloud-based global distribution system that serves the vacation rental, independent car rental, campground, and RV property rental markets. Founded in 2013 and headquartered in Irvine, California, the company offers a centralized booking platform that enhances the online visibility of property managers and owners by distributing listings to major travel websites, travel agents, and tour operators. Its technology includes tools such as myOptimize, which assesses listing quality and provides feedback for optimal channel placement, and myInquiry, which offers a team of reservation agents to assist with guest communications. By connecting property management software with consumer travel websites, BookingPal enables increased bookings and revenue opportunities for property managers and owners worldwide.

HYP3R

Series A in 2018
HYP3R is a marketing platform focused on the travel industry, aimed at acquiring high-value travelers efficiently. The company's offerings leverage location insights and real-time engagement to facilitate direct bookings at scale. By analyzing geosocial data, HYP3R enables marketers to identify unique audiences and deliver timely, relevant campaigns. This approach not only enhances customer relationship management but also helps clients lower customer acquisition costs and improve return on advertising spend. Through its innovative platform, HYP3R partners with customers to optimize their marketing efforts and drive growth in the competitive travel sector.

Traxo

Series B in 2016
Traxo, Inc. is a technology company specializing in itinerary management and loyalty tracking solutions for both corporate and leisure travel. Founded in 2008 and headquartered in Dallas, Texas, Traxo offers a platform that integrates with travel management and expense management tools to capture off-platform bookings. Key products include Traxo CAPTURE, which delivers booking data to user applications, Traxo CONNECT, which provides comprehensive visibility of both managed and unmanaged travel bookings, Traxo FILTER, which automatically captures off-channel corporate travel bookings, and Traxo TRAVELER, which offers itineraries and flight alerts. The company's solutions are utilized by corporate travel management, expense management applications, and concierge services, allowing travel managers and agencies to proactively track and manage travel activities in real time.

Sonder Holdings

Series A in 2016
Sonder Canada Inc. specializes in leasing hotel-style apartments to travelers, offering a range of accommodations from rooms to suites and apartments. Founded as Flatbook Corp. and rebranded in 2016, Sonder has expanded its presence across more than 30 cities in eight countries on three continents. The company focuses on delivering a seamless hospitality experience through thoughtfully designed spaces and a tech-powered service model. Its innovative app facilitates self-service features and provides 24/7 support for guests, enhancing convenience and accessibility. Sonder generates revenue by offering both short-term and month-to-month accommodations, with all units carefully selected, designed, and managed by the company.

Reservamos

Venture Round in 2015
Reservamos is a travel technology provider based in Mexico, focused on the bus industry through its two main business units. The company operates an online bus ticketing platform that allows users to search, compare, and book bus tickets, flights, and ride-sharing options across over 90,000 routes and 3,700 destinations in Mexico and the United States. Reservamos aims to enhance the booking experience by providing comprehensive service details and price comparisons, enabling travelers to access schedules and make reservations online with ease. With a vision to lead in travel technology, Reservamos emphasizes the importance of digital channels and aims to facilitate smarter selling for bus companies, thereby unlocking growth opportunities through digitization and data-driven insights.

Options Away

Series A in 2015
Options Away, LLC is an online travel agency based in Chicago, Illinois, that offers customers the ability to hold airline tickets for days or weeks while they finalize their travel plans. Incorporated in 2011, the company has transformed the travel booking process by applying principles from financial markets to provide flexibility in fare management. This allows customers to secure prices and protect against fare increases while enjoying the option to benefit from any price drops before making a final purchase. Options Away's platform serves both consumers and partner airlines, enabling the sale of options on airline seats, thus offering travelers a cost-effective alternative to traditional booking methods. The company collaborates with various travel technology providers and agencies to enhance its service offerings, supported by a portfolio of patents in the airline options sector.

BookingPal

Series B in 2015
BookingPal, Inc. is a cloud-based global distribution system that serves the vacation rental, independent car rental, campground, and RV property rental markets. Founded in 2013 and headquartered in Irvine, California, the company offers a centralized booking platform that enhances the online visibility of property managers and owners by distributing listings to major travel websites, travel agents, and tour operators. Its technology includes tools such as myOptimize, which assesses listing quality and provides feedback for optimal channel placement, and myInquiry, which offers a team of reservation agents to assist with guest communications. By connecting property management software with consumer travel websites, BookingPal enables increased bookings and revenue opportunities for property managers and owners worldwide.

UpLift

Series A in 2014
Uplift, Inc. is a fintech company specializing in digital lending specifically for travel and bookings. Founded in 2011 and based in Menlo Park, California, Uplift provides loans and credit facilities that allow individuals to pay for their travel expenses in monthly installments. The company operates a buy now, pay later solution, partnering with over 100 leading travel brands to offer personalized and flexible payment options. This approach not only helps consumers manage their budgets effectively but also enhances conversion rates and customer retention for its merchant partners. Uplift's innovative platform aims to make travel more accessible and affordable for a broader audience.

Traxo

Series A in 2013
Traxo, Inc. is a technology company specializing in itinerary management and loyalty tracking solutions for both corporate and leisure travel. Founded in 2008 and headquartered in Dallas, Texas, Traxo offers a platform that integrates with travel management and expense management tools to capture off-platform bookings. Key products include Traxo CAPTURE, which delivers booking data to user applications, Traxo CONNECT, which provides comprehensive visibility of both managed and unmanaged travel bookings, Traxo FILTER, which automatically captures off-channel corporate travel bookings, and Traxo TRAVELER, which offers itineraries and flight alerts. The company's solutions are utilized by corporate travel management, expense management applications, and concierge services, allowing travel managers and agencies to proactively track and manage travel activities in real time.

TripBAM

Venture Round in 2013
TripBAM, Inc. is an online hotel rate shopping service designed for corporations, travel agencies, and individual travelers. Founded in 2012 and based in Dallas, Texas, the company offers a product called TRIPBAM Analytics, which serves as a data service for corporate travel managers. TripBAM has established a strategic partnership with TrustYou to enhance its offerings.

ID90T

Series B in 2013
"ID90T is revolutionizing airline employee travel by providing online shopping, reservation and ticketing tools, employee-only deals and discounts, and easy-to-implement technology that results in significant cost savings for our airline clients and increased employee satisfaction."

Switchfly

Series C in 2012
Switchfly is a travel eCommerce platform that focuses on enhancing the booking and management experience for airlines, hotels, and financial services companies. The company specializes in dynamic packaging, which allows clients to create tailored travel experiences by integrating various services, including flights, hotel accommodations, car rentals, and customer support. By offering a comprehensive rewards and recognition platform, Switchfly aims to connect different travel partners into a cohesive system that improves customer engagement and maximizes conversion rates. Its technology facilitates seamless interactions, enabling organizations to provide a more efficient and user-friendly travel experience for their clients.
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