Thayer Ventures
Thayer Ventures is a venture capital firm established in 2009 and headquartered in San Francisco, California, with an additional office in Valencia, California. The firm specializes in investing in technology companies that cater to the travel and hospitality sectors, focusing on areas such as foodservice, cruise lines, lodging, hospitality technology, travel technology, gaming, and airlines. Thayer Ventures does not engage in investments related to real estate, restaurants, or hotels. The firm capitalizes on the disruptive changes within the travel industry, which represents over $10 trillion in annual global economic activity. This sector is experiencing significant entrepreneurial activity and rapid technological advancements driven by evolving consumer behavior and the influence of digital platforms. As such, Thayer Ventures aims to support innovative technology providers that are well-positioned to address the unique challenges and opportunities within this dynamic marketplace.
Point.me is an award travel discovery tool and points concierge service that assists loyalty program members in finding better flights for fewer points. Utilizing a proprietary algorithm, Point.me searches over 150 airlines to uncover optimal flight deals, including options for first and business-class travel. The platform collaborates with more than 30 loyalty programs, including major credit card rewards, allowing customers to filter search results based on preferred programs, airlines, routes, and point balances. Additionally, Point.me offers a concierge consulting service where experts manage all aspects of the award redemption process, making it easier for users to book flights using their points.
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 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, Inc. is a technology company that specializes in itinerary management and loyalty tracking solutions for both corporate and leisure travel. Founded in 2008 and headquartered in Dallas, Texas, Traxo offers a suite of products designed to enhance visibility into travel data and manage off-platform bookings. Its key offerings include Traxo CAPTURE, which delivers booking data to user applications; Traxo CONNECT, which captures both on and off-platform bookings for comprehensive data visibility; Traxo FILTER, which automatically tracks off-channel corporate travel bookings; and Traxo TRAVELER, which provides real-time itineraries and flight alerts. The company's platform supports corporate travel management, expense management applications, and consumer travel, enabling travel managers and agencies to effectively monitor and manage all travel activities in one integrated system.
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.
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, 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, Inc. is a technology company that specializes in itinerary management and loyalty tracking solutions for both corporate and leisure travel. Founded in 2008 and headquartered in Dallas, Texas, Traxo offers a suite of products designed to enhance visibility into travel data and manage off-platform bookings. Its key offerings include Traxo CAPTURE, which delivers booking data to user applications; Traxo CONNECT, which captures both on and off-platform bookings for comprehensive data visibility; Traxo FILTER, which automatically tracks off-channel corporate travel bookings; and Traxo TRAVELER, which provides real-time itineraries and flight alerts. The company's platform supports corporate travel management, expense management applications, and consumer travel, enabling travel managers and agencies to effectively monitor and manage all travel activities in one integrated system.
Switchfly
Series C in 2012
Switchfly is a travel eCommerce platform that streamlines the booking, management, and delivery of travel services for organizations. By integrating various partners, including airlines, hotels, car rental services, and customer loyalty programs, Switchfly creates a cohesive user experience for both travelers and businesses. The company specializes in dynamic packaging and online travel services, allowing clients to enhance their conversion rates and boost consumer engagement. With a focus on rewards and recognition in the travel sector, Switchfly aims to optimize the travel experience for users while supporting the operational needs of airlines and financial services companies worldwide.
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