In a strategic move to bolster innovation within the travel and hospitality sector, Thayer Ventures and Derive Ventures have announced the launch of Thayer Investment Partners (TIP). This joint venture brings together the expertise of two leading venture capital firms dedicated to fostering growth in the travel industry.
TIP, helmed by Managing Partners Chris Hemmeter (Thayer Ventures), Tyler Carrico, and Mike Scott (Derive Ventures), is poised to launch a new investment fund in the coming weeks. The platform will leverage the collective knowledge and experience of both firms to drive value for industry partners and invest in promising startups that are reshaping the travel and hospitality landscape.
The creation of TIP signifies a strategic shift towards capitalizing on the next wave of innovation in the travel industry. This includes advancements in artificial intelligence (AI), streamlined booking processes, and solutions that create a seamless travel experience.
The partnership marks the return of Tyler Carrico to Thayer Ventures, where he began his investment career. His co-founder at Derive, Mike Scott, brings valuable experience from KSL Capital Partners, further strengthening TIP’s capabilities.
Thayer Ventures, founded in 2009, boasts a strong track record in the travel tech space. With over $300 million managed across four active investment vehicles, their portfolio includes more than 30 innovative companies. Their focus on early-stage B2B technology investments and their network of industry-leading advisors have positioned them as a key player in the travel tech landscape.
Derive Ventures, established in 2022, has been actively investing in early-stage startups across the travel, hospitality, and real estate sectors. Their mission to bridge the gap between technology and travel has garnered them over $45 million in assets under management.
Looking ahead, Thayer Investment Partners is poised to play a pivotal role in driving innovation within the travel industry. The platform will leverage the combined experience of Thayer Ventures and Derive Ventures to generate superior returns for investors and provide invaluable support to entrepreneurs shaping the future of travel. TIP’s strategic vision focuses on breaking down operational silos, embracing technological advancements, and ultimately creating a more efficient and enjoyable travel experience for everyone.
