Document: Techstars raising a $400M startup fund
November 28, 2017 | Startland News Staff
Accelerator and investment firm Techstars is working to raise a massive new fund to boost portfolio startups around the world.
Techstars — which operates an accelerator program in Kansas City — is now raising a $400 million fund, according to a filing with the Securities and Exchange Commission. The fund more than doubles Techstars Ventures’ $150 million fund from 2015. Techstars CEO David Cohen and Techstars partners Mark Solon and Jason Seats are all listed as fund directors, according to the filing.
The $400 million pooled investment fund should allow the venture group to make larger investments in more established ventures. Techstars has helped spark more than 1,100 companies with a collective valuation of more than $10 billion, according to the company’s data.
Based in Boulder, Colorado, Techstars operates 34 accelerators across the globe that help launch more than 300 startups each year. In exchange for 6 percent equity, Techstars startups receive $120,000, participation in the three-month accelerator program, as well as access to a global network of mentors.
In Kansas City, the firm has helped launch 40 ventures through the 2014 – 2016 Sprint Accelerator powered by Techstars and the 2017 Techstars Kansas City classes. Check out Techstars’ latest Kansas City class here.
2017 Startups to Watch
stats here
Related Posts on Startland News
Pipeline celebrates Innovator of the Year, diversity of fellows’ firms (Photos)
Throughout Thursday night’s The Innovators gala, alumni of the Pipeline fellowship teased that their individual classes were the best in the entrepreneur network’s 11-year history. Newcomer to the stage Evan Luxon, however, made a case for the tight-knit 2017 fellows based on the group’s perseverance. “We’re a small, but mighty class,” said Luxon, winner of…
Surging investment network Mid-America Angels announces new director
Nebraska angel investment leader Laura McCoolidge Classen is the new managing director of Kansas City-based Mid-America Angels. Classen, who most recently served for five years as the director of Nebraska Angels, succeeds Rick Vaughn, MAA’s founding managing director. Vaughn will continue working with MAA on a part-time basis. “I enjoyed working with many colleagues in…
‘Better together’: Kansas City gaming startups level up with new entertainment venues
The eSports industry is blowing up, Brandon Williams said. And Kansas City gaming enthusiasts need places to join the party. “It’s a stereotype, but overall, gamers mostly are introverts,” said Williams, co-owner of E-Sports Bar KC in Shawnee. “It’s good to get out of the house and into a setting where there are other people…
Ex-KC Chiefs player opens coworking spa space to boost creativity, holistic wellness (Photos)
With long hours and potent job stresses, entrepreneurs often are more mindful of their business’s health than their own, said Joe Mays. The former Kansas City Chiefs linebacker teamed with his wife, Toyia, to open a coworking spa space within their holistic wellness venture, The Laya Center. Targeting individual and small-team innovators, the duo hopes…