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
Kansas City creativity sticks out among the weirdest in Austin
At the tech and innovation conference South by Southwest Interactive, it’s as easy for companies to blend in as the flyers littering the streets of Austin. But amid the sea of commercial chaos — where hundreds of companies big and small fiercely fight for the most fleeting of interactions — Kansas City stood towering like the Liberty…
Events Preview: Meet 2016 Sprint Accelerator Founders
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’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW Meet the Founders: 2016 Sprint Accelerator When: March 22 @ 5:30 pm – 7:30 pm Where: Sprint Accelerator Join us for a casual…
Listen to Startland’s bonkers SXSW experience
Virtual reality, smart cities and a whole lot of habaneros. There was more to Startland’s adventure to Austin, Texas, for South by Southwest — but those three items were certainly some memorable highlights. The Startland team spent five nights in Austin, taking in the insanity that is SXSW. We saw a ton of incredible technology — virtual…
Kansas City named a finalist for $50M award at SXSW
Austin, Texas — Kansas City is a finalist for a $50 million award that could transform its transportation system. U.S. Secretary of Transportation Anthony Foxx announced on Saturday at South by Southwest that the City of Fountains was among seven finalists in the “Beyond Traffic, Smart City Challenge.” The challenge aims to help mid-sized cities…