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
SpiderOak raises $16.4M for space cybersecurity tech to protect ‘soft underbelly’ of satellites
A Lenexa-based company’s industry-leading technology is taking orbit with new investments that validate SpiderOak’s end-to-end cybersecurity efforts — a “mission critical” platform that reduces the attack surface of satellites and damages the ability of adversaries to jam and disrupt space communications. “Today, space-based assets are mission essential in all civil and military operations and rapidly…
Wichita startup with growing KC team secures $10M from Koch Disruptive Technologies
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. This series is possible thanks to Entrepreneurial Growth Ventures (EGV), a business unit of NetWork Kansas supporting innovative, high-growth entrepreneurs in the State of Kansas. WICHITA — weavix is transforming…
Global flavors layer together as 200+ chefs serve up their best dishes for KC Restaurant Week
Kansas City Restaurant Week serves as a sampler for curious diners to satisfy their taste buds with an array of delightful dishes — and chefs from more than 200 local eateries showing off their culinary creativity and most visual see-food specialties, said Andrew Fontes. “It’s a great opportunity to go outside your comfort zone and…
‘Superstars’ opens the door to KC Chamber, making room for small biz, startups: Apply through Feb. 1
Editor’s note: The Greater Kansas City Chamber of Commerce is a non-financial partner of Startland News, which serves as the media partner for the Small Business Superstars program. Recognized as a Small Business Superstar twice in the program’s first two years, More Than a Meal earned a sense of validation from the Chamber’s initiative for…