Thayer Ventures
Thayer Ventures last closed a fund in November 2025 — 12 months ago. By its own rhythm, that is barely into the cycle.
Thayer Ventures has raised 4 times about every 50 months. The last was Thayer Ventures V, L.P. That points to Jan 2030.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 7
- Capital raised
- $38M+
- Latest close
- November 2025
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Thayer Ventures V, L.P. | November 2025 | not stated | 0002071355 ↗ |
| THAYER VENTURES IV, L.P. | April 2022 | $31M | 0001906020 ↗ |
| THAYER VENTURES AFFILIATES FUND IV, L.P. | April 2022 | $7M | 0001906038 ↗ |
| THAYER VENTURES III, L.P. | December 2017 | not stated | 0001700621 ↗ |
| THAYER VENTURES AFFILIATES FUND III, L.P. | June 2017 | not stated | 0001710471 ↗ |
| THAYER VENTURES AFFILIATES FUND II, L.P. | April 2013 | not stated | 0001558356 ↗ |
| THAYER VENTURES II, L.P. | April 2013 | not stated | 0001558343 ↗ |
| THAYER VENTURES ACCESS FUND, L.P. | — | not stated | 0001673487 ↗ |
5 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Mark Farrell, Christopher Hemmeter, Michael Scott, Zachary Carrico
What Thayer Ventures invests in
- Typical fund
- $31M median, seed to early stage
- Says it invests in
- fintech
- Website
- thayerventures.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- IQ-EQ (5 funds)
- Auditor
- BPM (4 funds)
From Form ADV filed by THAYER VENTURES MANAGEMENT COMPANY, L.L.C. CRD 285321 ↗, latest filing March 2026, covering 5 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.