San Francisco -- Quest Hospitality Ventures, a San Francisco-based venture capital firm, said on Friday it has partnered with Maryland-based Thayer Lodging Group to launch Thayer Ventures, a new fund that will invest in emerging technology companies focused on the hospitality industry. The fund -- a successor to Quest Hospitality Ventures -- plans to begin making investments in 2013. Thayer Ventures will be based in San Francisco and managed by general partners Mark Farrell, Chris Hemmeter and Lucien Ruby -- the original founders and managing directors of Quest Hospitality Ventures -- as well as general partner Jeff Jackson, former CFO of Sabre Holdings. Quest Hospitality Ventures' inaugural fund made investments in eight hospitality tech companies, including Hipmunk, newBrandAnalytics, Nor1 and Adara Media.
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http://www.businesswire.com/news/home/20120601005079/en/Thayer-Ventures-Raise-Funds-Finance-Hospitality-Technology
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