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
Manufacturing talent: Kansas production mainstay designs its niche, from warfighters to healthcare
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. TOPEKA — The leader of a Kansas company specializing in custom equipment design and manufacturing hailed the work of its nearly 500 employees for allowing the organization to thrive during…
Autotech startup VINCUE secures Series B with fleet of industry investors, innovators
A downtown Kansas City-headquartered startup’s first major institutional investment is expected to enable the company to scale operations, advance its product roadmap, and meet increasing market demand, its co-founders said Tuesday. VINCUE — an end-to-end inventory lifecycle solution for retail automotive dealerships and one of Startland News’ Kansas City Startups to Watch in 2022 —…
Bottom line, their ‘Grief Forecast’ calculates how much ignoring employees’ loss will cost a company
An Overland Park-based HRtech startup has added new tools to its B2B software platform that equips corporate leaders with the necessary knowledge to support grieving employees. This summer, Workplace Healing launched its Grief Forecast, a free resource that calculates how much a company will lose from its annual bottom line by not properly supporting employees…
Sunflower fest opens at KC Wine Co as popular pumpkin patch grows into year-round destination
Transforming from a Jurassic farm to a winter wonderland, the green thumbs at KC Pumpkin Patch have grown their niche as a year-round destination in rural southwest Johnson County. Next set to bloom: a sunflower-rich selfie oasis on the prairie (with wine). “We loved having folks come for the fall [pumpkin patch] season, but people…