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
LaunchKC cuts applicant field to 100 grant finalists
An international grant competition that will welcome 10 new tech firms to Kansas City has cut a few hundred companies from its field of applicants. LaunchKC — which aims to attract 10 tech firms to relocate to KC with $50,000 grants — notified 100 finalists of the competition on Wednesday via an email. Judges identified…
UMKC kicks off high-impact entrepreneur speaker series
The University of Missouri-Kansas City’s Bloch School is hosting a bevy of successful area entrepreneurs to offer lessons and insights. UMKC’s “First Wednesdays” series will kick off this fall, aiming to offer area residents and students the chance to network and learn from some of Kansas City’s brightest business minds. The university’s first event is…
Scholarship courses available to KC entrepreneurs
Entrepreneurs and aspiring business owners in Kansas City, Mo., can now tap a variety of scholarship opportunities to help their ventures grow. The Urban Business Growth Initiative is offering scholarships to three courses this fall that hope to assist Kansas City business owners develop their vision, test market viability and more. Some scholarships are worth…
Gallery: Techweek countdown party
Dozens of entrepreneurs, technologists and businesspeople sipped cocktails Monday at Techweek’s countdown party. Below are some photos from the event, which revealed eight new speakers and a rough schedule of events. To learn more about the event, click here.