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
NBA hires Alight Analytics to collect, analyze data from fans’ social engagement
The volume of data created within a professional sports team’s fan base is enormous, said Matt Hertig, chief executive officer of Alight Analytics. “Being able to see all of that data together across all of the popular social channels — from Facebook, Youtube, Twitter, Instagram, Snapchat — in one place and really understand the correlation…
Photos: LaunchCode christens KC’s newest techies with graduation celebration
An Afghan immigrant. A mother of six. An English grad turned techie. A man now able to provide for his family. They’re all among the graduates and inspirational stories highlighted during LaunchCode’s graduation ceremony that recognized the newest members of Kansas City’s tech community. LaunchCode on Wednesday graduated 60 students from its rigorous LC101 coding…
Christian entrepreneur hopes to convert believers to veganism
Kris Taylor’s inspiration for a vegan, Christian lifestyle traces back to the first book of the Bible, she said. Modern people eat meat because of original sin and the fall of man, as described in Genesis, Taylor said. “But if you go back to the creation story in Genesis, every seed-bearing plant was given to…
Caffeine tours give ‘pub crawl’ experience for lovers of coffee, tea and chocolate
Escaping corporate life in New York, Jason Burton moved to Kansas City in 2004 and began pouring his work into a new passion. As a marketer for Kansas City’s Roasterie, Burton soon recognized coffee and tea lacked the social component of events and festivals that are more associated with specialty beverages like beer and wine.…