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 WTF Series: The Cloud
On a daily basis, Ben Kittrell translates the jargon-filled world of technology for clients of his tech consultancy. The Words that Frustrate (WTF) series aims to offer readers some clarity in an industry dominated by techies’ confusing argot. When most people think of the Internet, they think of websites. But it’s actually much more than that. Emails,…
Sherry Turner talks diversity, funding landscape
There are few people in Kansas City that have worked harder than Sherry Turner to increase women’s engagement in entrepreneurship. Founder of OneKC for Women, Turner works to help women in the area find jobs, start businesses, get financing or invest in other businesses through a variety of organizations. After years leading large corporate teams,…
Events Preview: First Wednesdays Speakers
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 Women’s Capital Connection Happy Hour When: August 27 @ 5:30 pm – 7:30 pm Where: Women’s Capital Connection Join Women’s Capital Connection (WCC), Women’s…
Study: Missouri tops Kansas in tech job growth
Part of the Kansas City metro area was represented on a recent report of states showing the most growth for tech-related jobs. Missouri hung on to the bottom end of Dice.com’s 17-state list at No. 15, showing 1.17 percent job growth in the tech industry during the last six months. KCnext President Ryan Weber chalks…