TLDR:
- Thayer Ventures and Derive Ventures combine to form Thayer Investment Partners (TIP)
- TIP will focus on investing in early-stage travel and hospitality startups
Thayer Ventures and Derive Ventures have joined forces to launch a new platform called Thayer Investment Partners (TIP) in the travel and hospitality industry. Thayer Ventures, with a focus on technology within the global travel and transportation sector, manages several active investment vehicles with over $300 million in capital deployed. Derive Ventures, on the other hand, prioritizes investments in travel, experiences, hospitality, and real estate. The newly formed TIP will leverage the expertise of both firms to drive value for industry partners and invest in innovative startups.
The managing partners for TIP will include Chris Hemmeter from Thayer Ventures and founders Tyler Carrico and Mike Scott from Derive. Lee Pillsbury, the founder of Thayer Lodging Group, will continue his role as managing director. The new platform is set to launch a new investment fund soon to support a new generation of startups in the travel industry. With a focus on innovation and AI development, TIP aims to provide strategic investment and support for the growth of the industry.
Both Hemmeter and Scott expressed their excitement about the collaboration and the potential for advancing innovation in the travel industry. Pillsbury also expressed his commitment to accelerating innovation for strategic partners and early-stage startups. The formation of TIP represents a significant step towards transforming travel technology and driving growth and efficiency within the industry.
