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
Dublin down on shenanigans: Smoke Brewing goes green with St. Patrick’s season pop-up
St. Patrick’s Day-themed Shenanigans is now open in downtown Lee’s Summit. But just until March 23. The owners of Smoke Brewing Company at 209 S.E. Main St. decked out the barbecue restaurant and brewery in floor-to-ceiling St. Paddy’s decor, and have food and drink specials to match. It’s a way to make St. Patrick’s Day…
How Trump’s win on DEI means fewer fresh foods for KC’s east side; USDA rakes back critical grant for farmers market
An ambitious plan to create greater food security through urban farming won’t be entirely uprooted by efforts to dry up federal funding for projects linked to equity and access, said Alana Henry — but its harvest likely will yield dramatically less. “Doing right by people is always the right answer,” said Henry, executive director of…
‘Black-owned dining passport’ launches in response to Trump’s attacks on diversity
A new effort encouraging support for local, Black-owned businesses — many in Kansas City’s historically redlined neighborhoods — is a timely reminder of the purchasing power in each diner’s hands, said Brandon Calloway. Kansas City G.I.F.T. on Friday launched the first edition of its “Savor The Flavor” Black-Owned Dining Passport, which features 13 restaurants. Diners…
As ICE threat scares customers, Kansas City businesses urged to ‘protect people working for you’
Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. After a highly publicized raid on a Mexican restaurant in Liberty, Missouri, earlier this month, immigration advocates and attorneys are rushing…