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
Not in Kansas anymore: Mycroft opens Kansas City, Silicon Valley offices
Editor’s note: This content is sponsored by LaunchKC but independently produced by Startland News. After a recent seed round that was topped off with a $50,000 LaunchKC grant, artificial intelligence startup Mycroft is moving from Lawrence to the City of Fountains. Mycroft — which developed an open-source, artificial intelligence device similar to Amazon Echo — not…
AOL founder Steve Case says innovators must become policy savvy
Get familiar with public policy or your company will get left behind. That was the forward-looking message that AOL founder Steve Case had for a group of about 200 investors and entrepreneurs at the 2016 Kauffman Fellows summit in Kansas City. Now the CEO of Revolution, Case argued that investors, entrepreneurs and policymakers will have…
Venture capitalist Keith Harrington opens up on KC investment culture
For most of the 200 Kauffman Fellows attending the Reunion VC Summit, it is their first time visiting Kansas City. To help them get a taste of the metro’s entrepreneurial ecosystem, Keith Harrington, Kauffman fellow and partner at Kansas City-based Fulcrum Global Capital, presented some cultural highlights at the summit Tuesday. Like many Midwestern cities,…
Events Preview: American Royal Tech BBQ
There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious Kansas Citian, we recommend these upcoming events for you. WEEKLY EVENT PREVIEW KC Roundtable When: October 27 @ 7:30am – 9:00am Where: Eggtc KC Roundtable is in existence to provide 20 and…