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
Digital Sandbox selects five new KC startups for its grant program
Kansas City’s top proof-of-concept incubator program announced Thursday it selected five new startups for its newest cohort. Launched in 2013, Digital Sandbox has worked with more than 400 entrepreneurs and startups to date. Led by Jeff Shackelford, the program offers up to $25,000 in grants to startups with a focus of bringing a product from…
Meet five creators and innovators from the Maker Faire KC
In its sixth year, Maker Faire Kansas City welcomed thousands of attendees of all ages from across the nation to Union Station on June 24 and 25. The event featured over 350 makers and garnered sponsorship from local firms such as the Ewing Marion Kauffman Foundation, Missouri S&T, JE Dunn, Cerner, KCPT, the Neighborhood Tourist…
Forbes report: Kansas City is a top 5 metro for high-wage jobs
Kansas City is atop yet another national list touting its economic vibrancy. Forbes recently released a report analyzing U.S. cities that create the most high-wage jobs, and Kansas City earned the No. 2 spot. The magazine said the City of Fountains’ low taxes and pro-business regulatory environment helped launch it into the top five cities…
Kansas City legal startup returns with WeWork award, $18K
A co-founder of Kansas City-based Venture Legal is departing from Austin, Texas, on Wednesday with a little more coin in his pocket. Chris Brown traveled to Austin to pitch his company Venture Legal as a finalist for WeWork’s Creator Awards’ South Regional on Tuesday and delivered the winning video pitch in the “Incubate” category. Beating…