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
Tax service wins Missouri Startup Weekend as entrepreneurs embrace ‘building great stuff’
Editor’s note: This story was originally published by Missouri Business Alert, a member of the Kansas City Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and The Kansas City Beacon. Click here to read the original story. COLUMBIA, Missouri — St. Louis natives David Beach and Bryan Edelman won Missouri Startup…
Theme park developer plans year-round getaway alongside Barbie’s lakeside beach house in KCK
Barbie’s Beach House is just the beginning. The developer behind a planned a new theme park centered around Mattel toys this week released more about its vision for Destination KCK, a year-round entertainment destination coming to Bonner Springs, Kansas, in Wyandotte County. “The development will bring a whole new set of adventures just west of…
She refused to back down; how this gamechanger earned a spot on the field with the KC Current
As a history-making season rolls on for the Kansas City Current, a recent match proved the perfect opportunity to honor the founder and CEO of WeCode KC, said Christina Lively, detailing Tammy Buckner’s selection as the first “Gamechanger” award winner. “Tammy’s story is the perfect example of pursuing your dream and refusing to back down…
KC’s year-old terminal just won four ‘Best Of’ industry awards; these businesses helped land the honors
The retail and restaurant mix featured within the new terminal at Kansas City International Airport is being lauded by industry insiders who hail the experience curated by Vantage Airport Group as one of the best of its kind in North America. In the terminal’s first year of operation, its offerings earned four honors at AXN’s…