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 cocktails in hand, VergeKC kicks off its high-growth tech startup series
An Indianapolis-based event series aimed at cultivating high-growth tech companies outside of Silicon Valley debuted its inaugural event in Kansas City on Tuesday. Verge — which hosts pitch forums in 11 Midwestern and southern metros — has a mission to accelerate community entrepreneurs through a curated approach that targets specific people and companies. Kansas City hub director…
Events Preview: Verge Pitch night, Yael Hochberg
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…
VR startup EON Sports lands pro Japanese baseball team
Kansas City-based virtual reality company EON Sports snagged its first international client. The firm has partnered with the professional Japanese baseball team Yokohama DeNA Baystars and will bring its 360 baseball training simulator to the athletes this 2017 season. Founded in 2013, the firm developed a mobile, virtual reality platform to help football and baseball…
National tech event series Verge coming to Kansas City
A national tech event firm that aims to cultivate community excitement and awareness around innovation is set to launch in Kansas City on March 14. Verge has selected Kansas City as its next locale for its monthly pitch event series in which the firm will host tech startups that will present their firms to a…