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
With fresh $750K, Bixy is helping make online ads ‘not suck’
Kyle Johnson could see that his company had a problem. And there was nothing he could do to remedy it. Back in 2011, Pandora released its financial records for the first time ever for everybody to see. Johnson, now the founder of Bixy, was working at his own startup company in the music streaming business…
Mobility Designed names new CEO, raises more than $1M
Mobility Designed, a Kansas City medical device startup, announced Friday that it has appointed a new CEO. Previously held by co-founder Liliana Younger, the CEO role is now held by Dan Alcazar. A serial entrepreneur, Alcazar has experience growing early-stage, mid-sized and Fortune 500 companies, including RJR Nabisco, Sprint and Embarq. Younger will remain on…
Kansas City ranks as top U.S. tech, entrepreneurship hub
Kansas City’s emerging tech hub and entrepreneurial ecosystem continue to attract national attention. On Thursday, Kansas City ranked among the top tech cities in the U.S., according to the Tech Cities 1.0 report by Cushman & Wakefield. The report showcased the nation’s top 25 cities, with Kansas City nabbing the No. 22 spot on the…
More than 17K people expected for the biggest KC Maker Faire yet
For children, hardly a day goes by without the experience of arts, crafts, show and tell, building blocks or tinkering with toys. But in Kansas City, that young-at-heart spirit of creativity doesn’t have to be forgotten. In fact, it’s rekindled each year in a public outpouring at Union Station. On June 24 and 25, thousands…