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
Drivers are on-the-go; scheduling real-time repairs should be just as mobile, say UnDriveable founders
A Kansas City autotech startup is empowering motorists to easily browse and select nearby services — whether scheduling maintenance or requesting more dire roadside assistance — without adding to the anxiety and stress of the driver’s moment in need. “It was really evident that there was a need to connect people in a different way…
Identity festival returns, bringing Asian-owned business, culture from the shadows to the pitch
A celebration of often-overlooked heritage and culture is scoring its biggest match yet: a showcase this weekend at CPKC Stadium — where intentional diversity and inclusivity have a home field advantage, said Jackie Nguyen. “It’s our first time partnering with such a big venue,” said Nguyen, founder of the annual AANHPI (Asian American, Native Hawaiian,…
Mr K finalists: Diversity is a strength, but the vibes defining these Top 10 businesses don’t stop there
Yes, 80 percent of the finalists for this year’s Small Business of the Year Award are ventures run by women, Karen Crnkovich acknowledged, but it’s not just their owners’ gender that put them in the top-tier of contenders for the coveted “Mr. K” honor. “There are eight really brilliant, smart ladies on the stage,” said…
Sober, safe travels: The only thing off the menu for these luxury bookings is alcohol
A Kansas City woman’s travel business is taking flight with plans to offer budding adventurers a world of rejuvenating vacationing, luxury, and wellness — all with an alcohol-free itinerary. “I’m blending my two passions together: sobriety and travel,” said Michelle Plante. “I wanted to create a space for women to get together, connect, and have…