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
E-Scholars rebrands, extending Regnier legacy deeper into influential UMKC accelerator
E-Scholars — the University of Missouri-Kansas City’s flagship accelerator program — isn’t going anywhere, Alex Matlack shared, but it is getting a rebrand. After listening to feedback from alumni, mentors, and community members, the program formally known as Entrepreneurship Scholars is now the Regnier Venture Accelerator, joining the likes of the Regnier Venture Creation Challenge…
Plaza-based beauty influencer draws upon her own experience to launch signature brow line
Bella Jimenez built a real-life following in the local beauty industry, perfecting brows across Kansas City for eight years (four on the Country Club Plaza). But with that influence, she realized, came a responsibility to be authentic and honest about brands — ultimately creating her own line of brow products. “I wanted a professional line from…
KC Bier Co’s immersive biergarten set to open in Lenexa before thirsty World Cup visitors arrive
A popular Kansas City brewery officially broke ground Friday on a highly anticipated, border-hopping expansion that will bring one of the nation’s largest authentic Bavarian-style biergartens to Johnson County. “This project has been a long time coming,” said Camille Christie, Vice President of Development and Leasing at West Star Development, which is adding KC Bier…