Thayer Ventures
Thayer Ventures Management Company, L.L.C.
San Francisco, CA WWW.THAYERVENTURES.COM Exempt reporting adviser
Thayer Ventures reports 7 venture funds on Form ADV among 7 private funds, with $165M in gross private fund assets.
The numbers
| Began raising | Raised |
|---|---|
| 2013 | $15M |
| 2013 | $5.5M |
| 2017 | $7.8M |
| 2017 | $43M |
| 2022 | $7.3M |
| 2022 | $31M |
Updates from Thayer Ventures
Funds on Form D
Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.
| Fund | Began raising | Target | Raised | Investors | Latest filing |
|---|---|---|---|---|---|
| Thayer Ventures V, L.P. | 2025 | Not stated | — | — | November 5, 2025 |
| Thayer Ventures Affiliates Fund IV, L.P. | 2022 | Not stated | $7.3M | 19 | February 9, 2023 |
| Thayer Ventures IV, L.P. | 2022 | Not stated | $31M | 6 | February 9, 2023 |
| Thayer Ventures Affiliates Fund III, L.P. | 2017 | Not stated | $7.8M | 24 | October 11, 2018 |
| Thayer Ventures III, L.P. | 2017 | Not stated | $43M | 14 | October 11, 2019 |
| Thayer Ventures Access Fund, L.P. | 2016 | Not stated | — | — | May 3, 2016 |
| Thayer Ventures Affiliates Fund II, L.P. | 2013 | Not stated | $15M | 87 | December 17, 2013 |
| Thayer Ventures II, L.P. | 2013 | Not stated | $5.5M | 7 | April 13, 2015 |
Track record
A score of 48 out of 100 from the 2 funds public LPs report, 1 of them in the top half of their vintage. Its ranked funds’ median TVPI is 1.27x. That ranks it 73rd of 123 managers with a score.
Each fund once, as the latest of 2 LPs’ reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.
LPs on the record
2 LPs report holding Thayer Ventures’s funds.
Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Firms whose LPs overlap
The firms sharing the most LPs on record with Thayer Ventures, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.
Find LPs for Thayer Ventures and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.
Registration
- Legal name
- Thayer Ventures Management Company, L.L.C.
- Status
- Exempt reporting adviser since October 17, 2016
- CRD number
- 285321
Full Form ADV on the SEC’s Investment Adviser Public Disclosure site
About this data
Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.
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