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
Nick the Greek reset: Reinvigorated owner reopening locations, launching new spot after facing his own test
When Nick the Greek abruptly closed two area locations six months ago, fans on and off social media were distraught, fearing they were closed for good. Now there’s a surprising update: two reopenings, one new opening. All this month. Area franchisee Arthur Gilbreath previously placed “closed for renovation” signs at his Nick the Greek restaurants…
Kauffman earmarks $32M in grants to boost entrepreneurship, workforce, education efforts
Just-announced Kauffman Foundation funding for a cohort of 27 organizations — each focused on advancing economic mobility in Kansas City — reflects the grantees’ “relentless commitment to innovation and equity,” said Allison Greenwood Bajracharya. “Rather than being defined by the challenges our communities face, they’re defining what’s possible — building on the brilliance and resilience…
Brothers behind Session Taco launching ‘destination Mexican spot’ in upscale JoCo dining district
Just weeks after closing Session Taco in Leawood’s Park Place, the owners expect to revamp the prominent spot for a new destination Mexican restaurant. Lapez Mod Mex is scheduled to open this summer at 11563 Ash St. Brothers Adam and Jason Tilford first opened Mission Taco Joint in the space in June 2023. It rebranded…
PMI Rate Pro exits: KC fintech calls acquisition the ‘natural next step’ for its mortgage tech solution
MIAMI — A strategic acquisition between a software leader and a Kansas City fintech startup brings together two innovators in mortgage tech to deliver the industry’s most comprehensive platform, said Nomi Smith, co-founder of PMI Rate Pro. LoanPASS on Thursday announced its purchase of PMI Rate Pro, an Overland Park-based fintech specializing in API-driven private…