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
Kansas City startup among leading fintech finalists in NXTSTAGE competition
An AI-infused startup led by Kansas City serial founder Jannae Gammage is poised to compete against seven other finalists in this fall’s NXTSTAGE innovation showcase in Wichita. Foresight — a fintech platform that aims to open funding opportunities for underserved borrowers by assessing credit risk, fraud and biases — was selected as finalist for the…
Report: NFL Draft festivities scored $164.3M in economic impact for Kansas City
Despite the stress of feeding thousands of people, a propane tank running out, and a fryer overheating — plus paying the vendor fee — KC’s Wing Bar owner Keshia Clark said teaming up with the NFL Draft in April was definitely worth it for her business. “We saw in three days what one middle class…
‘Follow the smoke and look for the Ferris wheel’: Chef J BBQ set to join Pennway Point (and Arrowhead)
Walking through the West Bottoms, the smell of smoke and spice will lead a hungry wanderer to one of Kansas City’s emerging barbecue hot spots: Chef J BBQ. Restauranter and pitmaster Justin Easterwood, better known as “Chef J,” has made a name for himself — now that hard work has earned Chef J BBQ a…
Overland Park Farmers Market vendor suspended over anti-semitic social media posts
Editor’s note: The following story was first published the Shawnee Mission Post. Click here to read the original story or here to subscribe to the independent Johnson County news source. Content warning: This story includes hate speech and disturbing language. The Overland Park Farmers’ Market has suspended a first-year vendor after his anti-semitic and hate-filled social media posts…