7 VC firms investing in travel & hospitality and marketing & adtech, ranked by portfolio depth and activity.
F4 Fund tracks 7 VC firms that actively invest in travel & hospitality + marketing & adtech, with check sizes ranging from $25K – $50M (median: $350K – $350K). As of August 2026, and 71% lead or co-lead rounds. Rankings are based on F4's proprietary analysis of 1,644+ researched VC firms, scored by data completeness, portfolio depth, investment recency, and stage alignment.
| # | Firm | Check Size | Portfolio | Leads? | Activity | Decision | Intro |
|---|---|---|---|---|---|---|---|
| 1 | ▶ PeakSpan Capital PeakSpan invests exclusively in Applied AI B2B software scale-ups at $3M–$50M+ ARR, providing growth equity combined with hands-on operational platform support (500+ expert community, proprietary technology tools, proven playbooks) to help founders scale with discipline and achieve optimal risk-adjusted exits. New York | $10M – $50M | 57 | Leads | Active | ~1 mo | N/A |
| 2 | ▶ Fireroad Ventures Back founders solving existential problems for small and medium-sized businesses in contracting, healthcare, hospitality, and other local industries. Focus on applied AI for service sectors and SMBs, backing founders with deep operational knowledge of the markets they serve. Cincinnati | $25K – $250K | 14 | Follows | Active | N/A | N/A |
| 3 | ▶ mediaforgrowth (MFG) Consumer brand growth is fundamentally a media distribution challenge. By syndicating tier-1 media inventory from 20+ broadcast and digital partners in exchange for equity, MFG gives growth-stage challenger brands access to premium advertising at startup-compatible economics. Brand has become the new performance—as AI reshapes discovery, consumers only search for brands they already know. London | $1M – $5M | 6 | Both | Active | ~2 mo | N/A |
| 4 | ▶ StudioAlpha AI-native B2B software companies building workflow applications where defensibility comes from data access, integrations, governance, and distribution — not the underlying model. The fund treats AI as an execution layer, not a feature. Every investment enters a 100-day production phase to de-risk execution before institutional fundraising. Baar, Switzerland | $50K – $140K | 13 | Follows | Active | ~1 mo | Open |
| 5 | ▶ Foundry Ventures In AI, the team is the only thing that compounds. Models change monthly and defensibility stories written before the first customer are guesses in a suit; what's legible early is how fast a team learns. We underwrite ambition, agency, and rate of learning. Stockholm | $100K – $200K | 10 | Both | Active | N/A | N/A |
| 6 | ▶ Evolution Venture Capital Partners Culture-Tech companies that disrupt and define how we live, work, play, and interact with the world every day. We invest in passionate founders building transformative products that change cultural behaviors. New York | $500K – $6M | 28 | Leads | Active | ~1 wk | Open |
| 7 | ▶ TheoryForge Operator-led fund investing in ambitious founders building transformative AI applications. We partner with technical founders who understand AI/ML deeply and are solving real customer problems with capital efficiency. Great product is always the best marketing. | $200K – $500K | 38 | Both | Active | ~2 wks | Req'd |
What other stages do these firms also invest in?
Investors on this page also frequently invest in these sectors
What other sectors do these firms also invest in?
Firms that frequently co-invest with investors on this page
F4 Fund tracks 7 VC firms that actively invest in travel & hospitality + marketing & adtech. These firms are ranked using a composite score that weighs data completeness (30%), portfolio depth (30%), investment recency (25%), and stage alignment (15%).
Based on F4's analysis, the median check size for travel & hospitality + marketing & adtech investors is $350K – $350K, with a full range from $25K – $50M. The distribution breaks down as: 4 firms in the <$500K range, 2 firms in the $2M-$5M range, 1 firms in the $10M+ range.
Among the 7 firms tracked, 71% lead or co-lead rounds, and 29% typically follow. Founders seeking a lead investor should filter for firms marked "Leads" or "Both" in the rankings table above. Lead investors typically set deal terms and anchor the round.
The best travel & hospitality + marketing & adtech investors combine domain expertise with an active portfolio in the space. Among these firms, 33% prefer warm introductions, and the average firm has 24 portfolio companies. Look for firms whose check size matches your raise, whose stage preference aligns with yours, and who have a track record of supporting companies in your sector through multiple growth phases.
Firm profiles are continuously updated through F4's research pipeline, which combines LLM-powered web research, portfolio analysis, and transcript extraction. The ranking data refreshes every 12 hours. Editorial analysis is reviewed weekly. Individual firm profiles are re-researched on a 30-day cycle or when new information surfaces.