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
Raven Space Systems lands Forbes 30 Under 30 honor, re-entering spotlight after funding news
One of Kansas City’s most promising startups of the year has seen its fortunes rocket to the skies over the past three weeks, capped by a high-profile honor in the national media: a spot on the coveted Forbes 30 Under 30 list. “Building Raven Space Systems has been a very challenging journey and I am…
Missouri lawmaker urges SBA change to ease access to federal funds for digital tools
Government red tape is getting in the way of entrepreneurs’ ability to compete, said Mark Alford, detailing his efforts in Washington, D.C. to ensure affordable, equitable access to and use of “digital technologies” — especially when the federal government is involved, he added. “Small businesses are the fabric of America, driving innovation and growth,” said…
Golftech startup raises $675K seed round, swinging for franchise expansion and commercial tech launch
A Lenexa-based tech company focused on accelerating skills for avid golfers hit a funding milestone this week, announcing a seed round meant to bridge the gap between on-course and off-course play through its innovative physical and digital solutions. Albatross Golf — which boasts two flagship offerings: GolfTRK and Noonan — on Tuesday shared news of…
Naughty or nice night for a drink: Your guide to Kansas City holiday bar getaways
The holiday spirit shows up in some unexpected places this year, with festively themed pop-up bars and nightlife experiences jingling through the season at nearly 30 Kansas City area businesses and venues — from the world’s loudest stadium to the smallest speakeasies. “The Gingerbread is our way of bringing extra holiday cheer to the heart…