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
Startups, investors on ‘red alert’ as Silicon Valley Bank collapse ripples into new tech downturn fears
Editor’s note: This story was originally published by Missouri Business Alert, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and The Kansas City Beacon. Click here to read the original story. Silicon Valley Bank collapsed in rapid fashion on Friday to become the second-largest bank…
Former C2FO manager creates AI data analyst to usher in a new way of making business decisions
Tyler Amundsen is set on building a future where every professional uses artificial intelligence to make better decisions, faster, he said. “With humans, AI and computers working together, we can achieve truly mind-blowing things, and we’re just at the beginning of it. … We’re at a point in the world where AI can tell whether…
KC, Wichita, Topeka startups earn share of $100K as K-State accelerator spreads prize money across region
MANHATTAN — A demo day with $100,000 on the line culminated in a Kansas City startup leaving the stage with the event’s second-highest winnings. Poshed on the Go earned $23,500 in funding Thursday from the Kansas State University Accelerator program, coming in just behind the grand-prize winner, PillReady, Wichita, with $36,000. The Shawnee-based company is…
Fresh start: Selfie studio goes mobile, reimagining its FOMO factory as a custom experience
Fresh Factory KC is evolving, founder India Wells-Carter shared, embracing change as she re-evaluates where and how her camera-ready venture can help shine the brightest light on Kansas City. After a year and a half in its brick-and-mortar location at the Zona Rosa shopping center, Fresh Factory KC has uprooted and gone mobile, bringing the…