Thayer Ventures Closes Fund III, at $80M
Summary
Thayer Ventures, a San Francisco, CA-based early stage venture capital firm focused specifically on technology innovation in travel and transportation, closed its third fund, at $80m. Led by Jeff Jackson, Chris Hemmeter and Mark Farrell, Thayer Ventures Fund III will invest in new startups in the $10 trillion global travel and transportation industries. Investments already made out of Fund III include cross-industry connectivity platform Beekeeper, commercial cleaning robotics innovator Dishcraft Robotics, mobility pioneer May Mobility, and hotel management disruptor Lifehouse. Thayer Ventures supports its capital investments with a network of decision makers to help capture proprietary deal flow, offer portfolio companies tactical and strategic value, and drive investor returns. The firm manages four active investment vehicles with over $100 million in capital and over 20 active portfolio companies.