Thayer Ventures has focused only on travel technology since 2008, making it the only firm named in all four editions of PhocusWire's travel-tech investor rankings and ranking #1 three years in a row, while defining "travel" broadly enough to include payments, cybersecurity, and workforce-management companies as long as they connect to travel operations. Beyond providing funding, its team works to help portfolio companies land partnerships, has taken a company public through its own SPAC merger, and recently broadened into Thayer Investment Partners, a platform that also runs the Derive Ventures strategy across travel, hospitality, and real estate.