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
These KC nonprofits showed resiliency; their reward: $200K grants from Bank of America
Bank of America this fall continued the 20-year run for its Neighborhood Builder grants program, awarding two Kansas City nonprofits with $200,000 grants and access to exclusive leadership training resources and a national network of nonprofit peers. The 2024 honorees are Kansas City Girls Preparatory Academy and Cultivate Kansas City — tapped for their work…
This entrepreneur jams Special Olympics advocacy (and a little chicory) into his Missouri storefront
Editor’s note: The following story was produced through a paid partnership with MOSourceLink, which boasts a mission to help entrepreneurs and small businesses across the state of Missouri grow and succeed by providing free, easy access to the help they need — when they need it. EDINA, Missouri — Jared Niemeyer started making homemade jam to…
How a crowdfunding site is adding extra cheddar to Buffalo State Pizza’s relocation plans
Confidence is already in the box for Buffalo State Pizza Co.’s owners as they look to everyday investors to help their business complete and grow into a new space near downtown Overland Park, they said. The duo — Philippe Lechevin and Steve Robson — launched a campaign this fall on the crowdfunding site Honeycomb Credit…
Photos: ARtechBBQ party gets the beer cheese flowing with a salted pretzel tech twist
Sweater weather returned Friday night alongside Kansas City’s premiere after-hours celebration of tech, and ARtechBBQ organizer Greg Kratofil couldn’t have been happier, he said. “How about this being back in the fall?” Kratofil asked a crowd of well-fed revelers at the party within the party on the grounds of the Kansas Speedway. ARtechBBQ — now…