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’s startup economy so-so, study says
Kansas City for years has been making waves as an innovative community. Launching and attracting dozens of tech ventures serving a variety of industries, the Kansas City metro’s brand as an entrepreneurial hub continues to grow. But how does it compare to other communities in the U.S.? While focused on St. Louis, a recent report…
New report crowns the ‘Silicon Prairie’ capital
The Windy City was again named the capital of the so-called Silicon Prairie region. Chicago ranked No. 7 in the 2015 Global Startup Ecosystem Ranking, a report compiled by market research firm Compass. The United States dominated the list, which crowned Silicon Valley as No. 1, followed by New York City, Los Angeles and Boston,…
Events Preview: Perfect your pitch, IOTSummitKC
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 The Angel Series: Pitching to Investors When: July 30 @ 6:00 pm – 8:00 pm Where: Enterprise Center of Johnson County Learn…
Bill to boost veteran entrepreneurship advances
Federal legislation that allows veterans to use their G.I. Bill benefits to launch a business is finding traction with lawmakers. Introduced by Sen. Jerry Moran, R-Kan., the Veterans Entrepreneurial Transition Act of 2015 has unanimously advanced through its originating committee and was introduced in the U.S. Senate on Monday. The bill — S. 1870 — would allow…