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
Google Fiber opens business, consumer signups in Olathe
Google on Tuesday opened signups for Google Fiber throughout eastern Olathe. Residents and businesses of 13 “fiberhoods” can signup now through Sept. 24 for Google Fiber’s services, which include Gigabit, Gigabit + TV, Basic Internet or the small business service. The company Google Fiber launched their small business service in Kansas City in 2014. With…
TEDx ‘breaks through’ in Wyandotte County
This year, TEDxWyandotte seeks to break down barriers in their urban community. Wyandotte County, Kan., a community known for its diversity and urban challenges, is currently in a state of transition. The county as a whole is working towards neighborhood and school improvements, ultimately hoping to claim a new position in the Kansas City metropolitan.…
KC firm Handy Camel raising $600K for invention workshop
What do sheep farming and innovation have to do with one another? Quite a lot, if North Kansas City-based Handy Camel is any indication. Since he was a boy, Handy Camel CEO Tom Gray has fostered an innovative ethos, creating a number of doodads to make his work easier as a sheep farmer in New Zealand.…
Rawxies founder: ‘I didn’t give up’ on fundraising in KC
Vegan snack manufacturer Rawxies is en route to closing a funding round that will significantly increase its production. The Kansas City-based company has now raised $512,000 of its seed round, which will boost manufacturing of its raw, vegan snacks by roughly 400 percent. Investors thus far include England’s family, Liz and Brian Kelly, the Women’s…