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
Nonprofit Village in Midtown aims to cut costs, attack basic needs for mission-based groups
An area investment firm has opened a new collaborative working space to help support Kansas City’s vast network of nonprofits. Led by Jon McGraw and Mehgan Flynn, 31w31 investment group launched the Nonprofit Village, a 6,300-square-foot space at the recently-renovated historic building at 31 W. 31st St. The village hopes to soothe the pervasive challenge…
Merchtable powers a chorus of online stores for emerging bands, artists
Lawrence-based Merchtable plays the tune of an accidental tech company, said co-founder Burton Parker, but it’s proven to be a song of success. Operating 200 online merch stores for such varied artists as singer-songwriter Rufus Wainwright, comedian Maria Bamford, avant-garde metal band Neurosis, and a host of podcast, DJ, dance and EDM clients, the business…
Made in KC launching Country Club Plaza marketplace with taproom, food, makers
A new Made in Kansas City retail concept on the Country Club Plaza will offer local makers and food vendors space to grow their product lines, as well as a prominent showcase in one the city’s busiest shopping destinations, said Made in KC co-founder Tyler Enders. “The whole goal of this — which we feel…
I-70 wage gap? Kansas City lags St. Louis on tech pay, snapshot analysis says
St. Louis might be the gateway to higher tech pay — but not by much, according to a new nationwide snapshot analysis of tech industry jobs. The Kansas City metro logged an average tech wage of $90,940 in 2017, falling slightly behind the St. Louis metro at $96,370, based on data released in the Cyberstates…