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
Former KC startup eyes nationwide education revamp with merger
About a year after a move from Kansas City to St. Louis, education tech firm myEDmatch has merged with a nationwide teacher recruitment platform. Led by CEO Alicia Herald, myEDmatch will combine its platform connecting teachers and school job openings with St. Louis-based Teachers-Teachers, a firm that focuses on teacher recruitment. The new, yet-to-be-named entity…
Byrd: How the Silicon Prairie can avoid Silicon Valley’s diversity issues
When Google and Intel first released their employment statistics in 2014, the topic of diversity was nowhere as elevated as it is today in corporate circles. Silicon Valley and its many companies from large tech giants down to startups are under the diversity and inclusion microscope. Why all of the emphasis on diversity? Demographically our…
State of Entrepreneurship to tackle national ‘startup deficit’
In her second address to the nation, Kauffman Foundation CEO Wendy Guillies on Wednesday will present the seventh-annual “State of Entrepreneurship Address.” Guillies will travel to the National Press Club in Washington D.C. to address the nation’s long-term decline in new business creation, which has created a so-called “startup deficit.” Guillies, who was appointed as…
LaunchCode kicks off Kansas City office with $250K boost
Fresh off its expansion to Kansas City, LaunchCode will tap additional capital from the Missouri Technology Corporation to boost its operations focused on tech workforce development. With a visit Thursday from Missouri Gov. Jay Nixon at the Sprint Accelerator, the MTC announced that it would inject an additional $250,000 into LaunchCode, which expanded from St.…