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
Developers’ plan for massive West Bottoms investment stirs fear in some neighbors
Editor’s note: The following story was originally published by CityScene KC, an online news source focused on Greater Downtown Kansas City. Click here to read the original story or here to sign up for the weekly CityScene KC email review. SomeraRoad’s ambitious proposal to transform a sleepy section of the West Bottoms into a “dynamic” mixed-use district has strong…
How a historic Roman Catholic private school became ‘the queerest hotel in Kansas’
With its claim to fame as the first incorporated city in Kansas, Leavenworth is a hidden treasure of historical sites, said Ilan Salzberg, but its significance does not end within its past, as the vibrant town has still so much to offer. “Leavenworth is a really cool town that I think commonly gets overlooked. People…
Give yourself permission to pause the hustle; injury prompts serial entrepreneur to get grounded
Trauma from a brain injury after an auto accident last fall left Joy Broils downshifting her Type A personality and ambitious drive to a few hours of work each day, the entrepreneur said. The incident, however, prompted her to slow down and focus on a new startup idea: Hustle & Ground, a monthly subscription box…
Go Topeka launches ‘Kansas Innovation Dealroom’ to track startup ecosystem growth
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 the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. WICHITA…