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
She started by getting Black art into Black spaces; now Natasha Ria El-Scari wants all of KC to know what they’ve been missing
A Renaissance woman, Natasha Ria El-Scari — gallerist, curator, poet, spoken word performer, educator, and life coach — has surrounded herself with art throughout her life. However, as the Kansas City native watched her hometown’s art scene flourish and thrive, she noticed not everyone was included. “As the city started to change, and the Crossroads…
Travel on tap: How a KC couple built a self-serve port for international wine lovers north of the river
Grab your wine passport, Russ Johnson said, because this self-serve wine bar allows customers to taste the world one sip at a time. And the technology that makes the business possible? Johnson — a software developer-turned-entrepreneur — built it himself. “Our brand is really focused on going on a vacation and having this world experience —…
Don’t like cookies? Your new favorite weirdough baker hungrily accepts the challenge
Tierney Larson is on a mission to bake the perfect cookies for those like herself with a not-so-sweet tooth, the Outliers Baked Goods owner shared. Each month, the self-taught baker and New York native experiments, developing four new adventurous flavors to please the taste buds of the outliers or weirdoughs of the dessert community —…
Shocked by a discovery while pregnant, this entrepreneur vowed to make self-care products from ingredients safe enough to eat
‘I might as well make my own’ Jess Winns, founder of Ari Rose Body Care, had always been pretty conscious of what she and her three daughters put into and onto their bodies, she said. However, as she researched more about holistic wellness while pregnant with her second daughter, Winns read about how more than…