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
Two KC venture capitalists earn scholarships to join Kauffman Fellows
A pair of Kansas City venture capitalists were recently selected to participate in the highly-esteemed investor program Kauffman Fellows. As part of an Ewing Marion Kauffman Foundation program announced in October, Kauffman Fellows awarded scholarships to Stray Dog Capital CEO Lisa Feria and Flyover Capital partner Thad Langford. The program also awarded scholarships to Scott Bernstein, principal…
Former Adknowledge CMO Anita Newton launching CommunityAmerica innovation lab
Anita Newton, the former chief marketing officer at Adknowledge, is helping launch an innovation lab with CommunityAmerica Credit Union. A lean startup evangelist and co-founder of Mighty Good Solutions, Newton began her new CommunityAmerica gig Monday as its chief innovation officer. With the new role, Newton said she’ll be creating an independent innovation lab that…
Reporter turned entrepreneur, LeVota offers 6 takeaways from Startup Weekend KC
A little under a year ago, I joined the Startland News team. Since then, I bet I’ve witnessed at least 150 entrepreneurs pitch their company. It’s safe to say I’ve learned a lot about innovation and entrepreneurship. I’m lucky I get to spend my days asking people who have “done it” how they “did it.”…
Events Preview: Startup Crawl, 1Week KC
There are a plethora of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious community member — we recommend these upcoming events for you. Are you hosting a relevant community event? Feel free to add it to the FWD/KC calendar for increased exposure. Once your event…