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
KC Rising red flag: Educated talent leaving KC, metro tech jobs unfilled
More college-educated workers are leaving Kansas City than being drawn to the region, according to a new KC Rising report. That means local companies are forced to look outward for qualified talent, said Ryan Weber. “Most of those tech firms are hiring; it’s just for skill sets that few people have,” said Weber, president of…
Students struck by KC gun violence search for solutions at MECA Challenge
Editor’s note: MECA Challenge and Startland News are both programs of the Kansas City Startup Foundation, though the content below was produced independently by Startland. For more information on the relationship, click here. Escaping the cycle of gun violence can seem impossible, said Lea Thompson, still wearing a cast on her hand after being shot…
STEAM Studio team coding best fit for boy’s 3-D-printed prosthetic arm
Four-year-old Hudson Borton extended his arm Wednesday, as his father fitted a 3-D-printed prosthetic to the boy’s upper arm and elbow. The light blue plastic piece mimicked the size and length of Hudson’s right arm, though his father and Mandi Sonnenberg, co-founder and director of STEAM Studio, agreed the new device wasn’t yet a perfect…
KC-based SouveNEAR vending machine startup prepping to scale up
SouveNEAR offers travelers a piece of KC — from KC, said co-founder Tiffany King. The Kansas City-based startup, which repurposes vending machines to sell locally made souvenirs, is in its fourth year of steady, organic growth, King said. As a member of ScaleUP! KC new class, SouveNEAR is preparing to grow the business and turn…