Monday, September 16, 2024 Thayer Ventures , a leading venture capital firm focused on innovation in travel and hospitality, and Derive Ventures , a prominent early-stage investor in travel and hospitality, have joined forces to launch Thayer Investment Partners (TIP) . This new platform will leverage the expertise of both firms to drive value for industry partners and invest in cutting-edge start-ups reshaping the travel and hospitality landscape. Key Leadership and Structure The newly formed TIP will be led by Chris Hemmeter from Thayer Ventures and Tyler Carrico and Mike Scott from Derive Ventures, serving as Managing Partners.
The combined platform is set to launch a new investment fund in the coming weeks. Lee Pillsbury , founder of Thayer Lodging Group , continues as Managing Director of Thayer Ventures Funds, ensuring continuity in investment strategy and leadership. A Strategic Vision for the Future of Travel Innovation Speaking about the new venture, Chris Hemmeter , Co-Founder and Managing Partner at TIP, remarked: “This is a pivotal moment for both our portfolio companies and industry partners.
Together, Thayer and Derive will capitalize on the next wave of innovation, particularly in the areas of AI, reimagined booking processes, and solutions for a seamless travel experience.” With Thayer Investment Partners , the two firms are combining their capabilities to deepen their influence in the travel and hospitality sector , supporting innovation and efficiency fo.