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
Subjective language is making your elevator pitch completely forgettable
[pullquote]”Subjective language is usually used in elevator pitches when businesses try to point out a perceived advantage in the market. This usually manifests itself as an ignorable [statement] …” – Grant Gooding[/pullquote] Your elevator pitch is the single most important communication of you or your business and why you are relevant. Last month I wrote…
Kansas City dishes on diversity in the entrepreneurial community
It’s often said that two heads are better than one. But what if those two “heads” have the same socioeconomic, gender and racial compositions? What if their life experiences mirror one another so closely that they arrive at the same conclusions or generate the same general ideas? It’s no secret that diversity can foster the…
Funding roundtable (part II): Entrepreneurs compare KC investment scene to other cities
Welcome back to part two of our roundtable discussion on the early-stage investment sector in Kansas City. For a more formal introduction on this series and its five participants, please refer to part one on Kansas City’s investment culture and evolving economy. Check out the third and final installment of the series with the entrepreneurs’ advice for…
Events Preview: KC Next Winter Event
There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter or curious Kansas Citian, we’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW Handmade Holiday Sale When: December 10 @ 6:00 pm – 9:00 pm Where: Hammerspace The creative, talented maker members of HammerSpace Community…