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
Now serving foodpreneurs: KC conference dishes out 30+ sessions for new, growing food businesses
Launching a food business comes with unique challenges, Xander Winkel shared, and the Mid-Continent Public Library has partnered with several local organizations to help those specialized entrepreneurs find their recipe to success. The Food Business Conference — free workshops, panel discussions, and networking opportunities for “foodpreneurs” that are offered in partnership with the library, Kansas…
New home on Ward Parkway: $4M minority chamber project brings Black, Brown entrepreneurs under one banner
A history-making project on Ward Parkway — said to be the first minority-owned property on the storied Kansas City thoroughfare — already is demonstrating the power of unity amid divisive times, said Kim Randolph. Unveiled to the public Saturday, the new Minority Chamber of Commerce Development Center at 9100 Ward Parkway is now home to both…
Founder earns Pipeline’s ‘best pitch,’ says network’s lifelong support is the real award
Pipeline judges announced Megan O’Rear had the best pitch Thursday, but the Celerity Enterprises founder was left momentarily speechless when they named her winner of the group’s annual showcase and competition. “It just validates coming back to Kansas City,” said O’Rear, who also serves as the startup’s CEO. “Pipeline wants to help everybody that they…
KC Chamber’s Superstars celebration empowers everyday small business heroes
Editor’s note: The Greater Kansas City Chamber of Commerce is a non-financial partner of Startland News, which serves as the media partner for the Small Business Superstars program. The Blueprint KC has come a long way, said Sheraz Pompey, emphasizing the meaningful impact of being showcased as one of the KC Chamber’s Small Business Superstars.…