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
Prospect KC earns $10K grant from Jacques Pépin Foundation as Gumbo Fest set to return
A newly announced grant will be pivotal to advance The Prospect KC’s mission to empower lives, disrupt poverty, and cultivate community through culinary education, said chef and founder Shanita McAfee-Bryant. The $10,000 grant from The Jacques Pépin Foundation (JPF) is one of 16 recently awarded to organizations that use culinary arts to enhance lives and…
She made kitchens her classroom; now this young foodie has her own Olathe bakeshop
Oreo cheesecake cookies. Take-and-bake cinnamon rolls. Pina Colado sodas. After seven years as an home-based business in Olathe, Cake Loft now has a storefront and even more attention-grabbing offerings. Owner Chrissy Zemencik’s line includes cakes, cupcakes, decorated sugar cookies, and macarons, as well as gourmet cookies — apple pie, cherry pie, lemon blueberry, brown butter…
Meet KCSourceLink’s trio of ‘navigators’ now embedded in KC business support hubs
A new initiative from KCSourceLink that places three experienced business leaders in strategic locations across Kansas City will help aspiring entrepreneurs better connect with the resources and answers they need to start and grow businesses and side hustles, said Becca Castro. “KCSourceLink is making it easier than ever for aspiring entrepreneurs and seasoned business owners…
NXTUS launches bracket-style pitch competition for Kansas startups with $20K in prizes
A new, high-energy pitch competition is expected to help startup founders collide with angel investors and innovation leaders from across Kansas — all set against the excitement of the NCAA Men’s Basketball Tournament this spring. The Gamechangers & Champions bracket bash is set for March 21 in downtown Wichita — a one-day bracket-style experience organized…