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
Former Walmart exec, VC founder who was second attorney for Google joining Kauffman trustees
Editor’s note: Startland News, in its capacity as a nonprofit digital magazine, is financially supported by the Ewing Marion Kauffman Foundation. Two high-powered women are expected to bring diverse business, investment and education backgrounds to the table of one of Kansas City’s leading entrepreneurship engines. Susan Chambers, a five-time “50 Most Powerful Women in Business”…
With 400 teams and counting, coaches and founders agree: Just Play Solutions is a ‘no-brainer’
One of Kansas City’s fastest-growing sports-fitness startups, Just Play Solutions, posted a 225-percent revenue increase headed into 2018, its co-founder said. “That type of growth just doesn’t happen all the time,” said Austin Barone. Just Play’s mobile and web app platform specializes in workflow management for football, basketball and — most recently — lacrosse coaches.…
Video: Rightfully Sewn threads ‘United Nations of Sewing’ concept into fabric of Crossroads
A new studio space in the heart of Kansas City’s creative community will thread the needle for expanding capacity for Rightfully Sewn to help diverse, at-risk women, as well as support its nonprofit mission, said Jennifer Lapka. The program, which trains women to be seamstresses for local designers through a two-year experience, is set to…
Clockwork founder Christian Arnold: When to explore new workspace for your startup
Editor’s note: The opinions expressed in this commentary are the author’s alone. If your startup is ready to graduate from your home office and the local coffee shop, you have a lot of considerations for that perfect workspace. Yes, real estate is typically the second highest business cost, but the right space has the power…