Thayer Ventures Acquisition Corporation II (TVAI)

Thayer Ventures Acquisition Corporation II is a special purpose acquisition company, or blank-check company, formed to effect a merger or similar business combination with one or more operating businesses. It completed its initial public offering on Nasdaq in 2025, with the proceeds held in a trust account until a deal is completed.

The SPAC has stated a focus on travel and transportation technology. It is sponsored by affiliates of Thayer Ventures, a venture capital firm that invests in that sector, and is led by co-chief executives Mark Farrell, a former mayor of San Francisco, and Christopher Hemmeter.

The company is based in California and is a successor to Thayer Ventures Acquisition Corporation, an earlier SPAC from the same sponsor. Until it completes a business combination, it has no operating business.