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
How Trump’s views on climate raise questions for Kansas’ biggest bet: a $4B Panasonic plant in De Soto
Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the Kansas City Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. Headwinds don’t dampen enthusiasm of company executives, government officials The mammoth $4 billion…
Lula builds $28M round with bicoastal investor; plans deep expansion into new markets
Securing Lula’s Series A funding round is not only validation for the Kansas City proptech startup, Bo Lais said; the $28 million in capital means a greater opportunity to enhance the ecosystem for all of his company’s stakeholders, he added. The funding will allow Lula — a leading platform for streamlined property maintenance solutions and…
Invary’s $3.5M seed round gives startup homefield advantage to rewrite the rules of cybersecurity
A $3.5 million seed round backed by two high-profile Kansas City funds is expected to help Invary redefine runtime security, said Jason Rogers, CEO of the Lawrence-based cybersecurity startup — making new funding headlines from within the KU Innovation Park. Invary — a pioneer in Runtime Integrity solutions built on NSA-licensed technology — announced the round…
Closing KCK’s Black-owned coffee shop opens opportunity for Kinship to brew bigger, owner says
When TJ Roberts posted on social media about closing Kinship Cafe, a Black-owned coffee shop in Kansas City’s Strawberry Hill neighborhood, he was surprised by the outpouring of support — a morale boost that not only gives him the spirit to keep fighting for the business, but expand it, he said. “When we posted about…