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
Startup Crawl is back June 9: Get your passport to KC bands, businesses, beverages
More than 50 startups and a quartet of local bands and performers will headline the June 9 return of Startup Crawl — and it’s a pretty sweet symphony, teased event organizers. “It’s been almost four years since we’ve been able to host our community in this way,” said Austin Barnes, executive editor of Startland News and…
They could’ve cracked into any industry; Why this dynamic team paired its talents with snacks
A local foodie’s quest to recreate her favorite discontinued cracker led a trio of longtime friends to build their own company, serving up specialty appetizer kits that customers are savoring in Kansas City and beyond. Crackerology produces shelf-stable, gourmet appetizer and dessert kits featuring made-from-scratch crackers and cookies that can be assembled in minutes. “Yes,…
‘I Am’ the domino effect: This changemaker wants to show youth impacted by redlining another reality
When Elijah Dormeus moved to Kansas City in 2019, he brought with him a nonprofit that provides mentorship and leadership training to students in underserved communities, with the end goal of empowering them to achieve their dreams. “The I Am Foundation really came from leading, encouraging, and motivating students to see themselves greater than their…
World Cup is coming to KC (and so are the asks): How leaders must boost the region before 2026
Kansas City is steadily growing and evolving, said Neal Sharma, making it more important than ever to engage at the community level to tackle challenges and secure opportunities facing the region. That’s especially true as Kansas City prepares for the 2026 World Cup, echoed fellow leaders who spoke Thursday at KC Rising’s Horizon 2023 event.…