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
Look inside: North KC brewery adds game bar to the block (plus one of KC’s favorite sandwiches)
A game bar with a vintage national park theme is coming to North Kansas City next month — with Bay Boy sandwiches packed for the short trip. The Commons is an extension of Cinder Block Brewery at 110 E. 18th Ave. The craft brewery opened in September 2013. When a dance club recently closed next…
Entrepreneurs worry World Cup could leave small biz, communities on the losing team
FIFA’s summer games set to bring opportunity to Kansas City, but some fear a ripple effect that lasts far longer than the 2026 matches With each month that passes before Kansas City hosts games for the FIFA World Cup in June 2026, local small business owners are facing anxiety about the uncertain plays ahead —…
Real-life KC startup bros create virtual basement gaming vibes, turning once-isolated streaming into a familiar party
In today’s connected world, gaming with or against relative strangers — or “friends” a player only knows from a specific game or platform — is the norm. A Kansas City startup’s new streaming venture aims to recreate old school gaming-with-friends-in-the-basement vibe in the digital world. Available on Steam for free when its beta goes live…
KC’s college education gap is widening based on income; new effort targets barriers to dreams after high school
A just-announced initiative — backed by the Bloch Family Foundation — has a straightforward goal: put more college advisors in Kansas City Public Schools and develop a strategic plan to boost access to quality, affordable college education or career training after high school. The newly launched Kansas City College and Career Attainment Network (KCCAN) already…