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
It’s easy for small biz to get lost in the shuffle; How ECJC offers a lifeline to Main Street, startup entrepreneurs
The Enterprise Center in Johnson County is on a mission to prove the Kansas City metro remains a place where small businesses can grow and thrive, shared CEO Jeff Shackelford. ECJC — which is home to the Women’s Business Center, the Mid-America Angels and the Women’s Capital Connection angel investment networks, as well as the…
Advocate knocks mayor for Troost renaming delay; calls slave owner tie KC’s ‘dirty laundry, reeking from the basement’
Kansas City can no longer whitewash its history to pretend Benoist Troost — an early KC doctor, slave owner and the namesake for Troost Avenue — was anything other than a monster, said Chris Goode, pointing blame at Mayor Quinton Lucas for a stalled effort to change the east side corridor’s controversial name. “There’s no…
C3KC organizers: Want to bring real social change to Kansas City? Let’s talk about it
The sold-out C3KC — a one-day conference that returns Tuesday, April 2 to Union Station — reflects the Junior League of Kansas City’s mission to bring together leaders for collaborative change in action, shared Ericka Duker. The Junior League — which aims to advance women’s leadership for meaningful community impact through volunteer action, collaboration and…
Passing the keys, passion: How a new wave of small biz owners plan to preserve beloved local brands
Some have been customers; some employees. Now they’re the new owners of popular local restaurants and retail shops. As founders step aside, fresh sets of entrepreneurs step up in hopes of carrying on the goodwill and loyal following these brands have built up, some for decades. John McClelland and his brother-in-law, Johnathan Griffiths, work together…