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
Airbnb tells KCMO ‘go back to the drawing board’ on new proposed regulations
Airbnb and Homeaway hosts in Kansas City, Mo. are likely to see a set of new regulations for their properties soon. After more than a year of culling public input, the City of Kansas City, Mo. has drafted a proposed ordinance on how to regulate local home-sharing services like Airbnb and Homeaway. The proposal would…
KCultivator Q&A: Big-hearted prankster Robert Manigold on opera singing, empathy and Weird Al
Editor’s note: KCultivators is a new, lighthearted profile series we’re kicking off to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. Check out our feature on Prep-KC CEO Susan Wally and community builder Donald Carter. If you live or work in downtown Kansas City, you’ve likely seen Robert Manigold. The “Ambassador of Awesome”…
Events Preview: Innovation Exchange, Verge 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…
KC nonprofit leader will advise FCC committee on broadband
The leader of an area nonprofit focused on making Kansas City a digital leader will be offering his broadband expertise to a Federal Communications Commission committee. KC Digital Drive managing director Aaron Deacon was recently appointed to a group within the Federal Communications Commission’s Broadband Deployment Advisory Committee. Deacon’s group — Competitive Access to Broadband…