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
KC startup lands six PGA partnerships, more on the way
Jason Gregory is feeling pretty confident his company will be the exclusive partner for at least half of the PGA American independent sections by next year. CaddyX is a golf bag transportation company that takes the leg work out of golfer’s experience by letting them schedule pick up for their clubs with the click of…
Sprint Accelerator opens applications, dons new name
Kansas City’s top business accelerator is now accepting applications for a wider applicant pool after a recent — albeit minimal — name change. The Sprint Mobile Accelerator — formerly the Sprint Mobile Health Accelerator — lightened up its name to better reflect its broader focus on boosting mobile-centric startups. Led by Boulder-based Techstars, the accelerator…
KU lecture series brings Apple co-founder
A Jayhawk fan is coming back to Lawrence for this year’s Anderson Chandler business lecture. Oh, and the fan just happens to be one of Apple Computer Inc.’s co-founders. Steve Wozniak, who founded Apple alongside Steve Jobs, will be speaking at University of Kansas for their 2015 Global Entrepreneurship Week event. Austin Falley, the KU…
Kansas City can’t get enough of TEDxKC
Kansas Citians have rushed the stage to buy tickets for TEDxKC. When tickets for TEDxKC went on sale in early June, they sold out in less than 30 minutes. For those who weren’t able to snag tickets to the live event and simulcast at the Kauffman Performing Arts Center, other area organizations offered watch parties.…