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
Meet the Kansas City entrepreneurs picked for DoorDash’s first Midwest accelerator
DoorDash delivers $50K bag to 10 KC small biz leaders hungry to learn DoorDash is dropping support on Kansas City’s doorstep through a new cohort of 10 small businesses selected for the company’s local restaurant accelerator, marking the first time the nationwide initiative has landed in the Midwest — with KC chosen as its launchpad.…
Not a college student anymore: Entrepreneur’s origami-inspired bags fold functionality into professional fashion
Editor’s note: The following story was produced through a paid partnership with MOSourceLink, which boasts a mission to help entrepreneurs and small businesses across the state of Missouri grow and succeed by providing free, easy access to the help they need — when they need it. ST. LOUIS — Founded in 2018 by Lisa Hu,…
First came baby, then the boutique; 18 years later, this owner is the mother of retail survivors
Opening her storefront at the age of 23 with a newborn daughter, Meagan Doyle faced double duty as a first-time mother and budding entrepreneur. Eighteen years later, her baby is now grown — and Mom is coming into her own as a retail survivor and seasoned business owner. “It’s been a fun adventure,” said Doyle,…
Advocates want a startup-boosting Missouri angel investor tax credit (but they’ll have to beat legislature’s ticking clock)
With about a week left in Missouri’s legislative session, business advocates at NEXT Missouri are making a final push for lawmakers to pass a bill creating a state angel investor tax credit — legislation its backers say could catalyze early-stage business growth and keep entrepreneurial talent and essential startup capital rooted in the state. Jason…