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
The Bunker Labs KC lands funding to help veteran entrepreneurs
The area’s go-to organization for military veteran entrepreneurs, Bunker Labs KC, will boost its impact in the area with new financial support. The local organization, which is a part of the national network of Bunker Labs, announced Wednesday that it received $100,000 from the Missouri Technology Corporation. The funds will primarily be used to bring…
Fading passion compels in-the-black Creelio to shut down
Kansas City-based storytelling startup Creelio is closing its doors after three years of helping executives write custom content. Founded in 2013, Creelio was born out of a 2012 Startup Weekend competition and led by Julie Edge and Steve Stava. The six-person firm company co-wrote blogs and content with more than 60 area executives, helping them…
Kansas City founders to discuss the ‘Art of Failure’
Most startups fail. But that doesn’t mean that lessons from their demise must fade away with them. Zen and the Art of Failure — set for May 19 at Village Square Coworking Studio — will explore the topic of failure via three local founders’ startup experiences and how they grew as a result. Matthew Marcus, executive director…
Mozilla grants boost local 3D modeling, literacy, STEM
The Mozilla Gigabit Community Fund awarded three Kansas City organizations a total of nearly $60,000 in grants to build gigabit-enabled tech projects. Mozilla gifted the funds to PlanIt Impact, Pennez and the KC Social Innovation Center, which will allow the groups to implement 16-week pilot testing from May 16 to Sept. 4. Mozilla also…