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Online Travel

Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions

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Sean O'Neill
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Photo Credit: A sign on Wall Street in New York City's financial district. Thayer Ventures, a venture-capital firm, plans to raise up to $175 million in an initial public offering for a company investing in travel businesses. Adobe

Skift Take

This is now the third "blank check" company in three months to say it will buy and invest in travel companies. The sudden spike in such financial innovation underscores investor faith that the travel sector offers many bargains and promising opportunities right now.

Thayer Ventures, a venture-capital firm mainly focused on investing in travel tech startups, filed documents this week with the U.S. Securities and Exchange Commission to raise up to $175 million in an initial public offering for a company focused on investing in primarily travel and transportation companies. Thayer's new company will be the latest so-called SPAC targeting travel. A special purpose acquisition company, or blank check company, is a shell company with no operations but created with the purpose of acquiring or merging with another company. Thayer Ventures Acquisition Corporation wil

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