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
Jason Sudeikis’ rockstar karaoke fantasy returns: Here’s why Thundergong! matters to homegrown ‘Ted Lasso’ star
Kansas City is the “secret sauce” in the recipes for Thundergong! and Big Slick, said Jason Sudeikis, who helps host the two high-profile events. The Overland Park native and “Ted Lasso” star was in Kansas City Friday to promote the annual Thundergong! fundraiser for Steps of Faith Foundation — returning Saturday at the Uptown Theater.…
Triple (stitched) threat: Olathe apparel shop brings design, sewing, printing in-house with shirts hitting store shelves soon
Adam Worrel’s vision for a fabric-to-finish apparel and screen printing business is finally sewing itself together — nearly 4,000 miles from where it began — with a label made in KC. First formulating the idea in 2010, he imagined creating a line with production and printing in-house and as much control over the supply chain as…
Why employers should hire veterans: KC entrepreneurs say combat prepared them for startup life
Effectively communicating the skills and experiences gained from military service can be a major challenge for veterans, said Zachary Oshinbanjo. Too often that disconnect contributes to unemployment or mental health struggles when a service member returns to civilian life. “Many veterans may have gone straight from high school into the military and now are looking…
How did KC land Meta, Panasonic megaprojects? Infrastructure, energy and enthusiasm, companies say
Kansas City is one of America’s most exciting and dynamic cities, said Matt Sexton, making it the ideal choice to build out a nearly 1 million-square-foot data center for Meta, the tech behemoth behind Facebook, Instagram, and WhatsApp.. “There are a lot of sites around the country that might have one or two qualities that…