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
Key legislator optimistic in the future of Kansas’ angel tax credits
A Kansas lawmaker overseeing discussion on the future of the state’s angel investor tax credits is confident the program will be made a budgetary priority by his peers in legislature. Rep. Marvin Kleeb, R-Overland Park, said that he and fellow members of the Kansas Committee on Taxation listened to thorough testimony Wednesday during a hearing…
5 reasons your startup isn’t attracting investors
Last week, Techstars managing director John Fein told us that one of the main complaints he hears from Kansas City investors is that there aren’t enough fundable startups. Investors may be right, but it’s not necessarily a lack of good ideas. Today, Kansas City investors are looking for more than the next big idea: they’re…
Events Preview: SMCKC Breakfast, Second Fridays
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 SMCKC February Breakfast – Connected City When: February 5 @ 7:30 am – 9:00 am Where: Grand Street Cafe Learn how the…
Unimpeded support for Kansas’ angel tax credits floods Topeka
It appears area entrepreneurs and business leaders are unanimously agreed on at least one thing: Kansas’ Angel Investment Tax Credit program must endure. About a dozen people converged on Kansas Legislature Wednesday to voice unopposed support of the program, which has spurred significant growth in Kansas’ tech and bioscience sectors. The program — as represented…