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
Bean around the block: How this Westport coffee shop is cherry picking roasts from its own farm in the Andes
A hemisphere away from Brett Janssen’s former job at General Motors in Kansas City’s Northland, the now-budding Westport coffee shop owner found a fresh batch of opportunities: his wife, business partner and a transcontinental farm-to-cup Columbian coffee operation. Janssen’s House Coffee — the fruit of Janssen and his fiancée Genisis Mejia’s passion for coffee —…
Attic with global ambitions: Luxury brand builds from humble origins to Material Opulence
Renauld Shelton II sees power stitched into the seams of fashion, the Kansas City designer said, detailing the dynamic pairing of apparel and pride that grounds his luxury clothing brand. “It’s a confidence builder. When you look good, you feel good,” said Shelton, founder and CEO of Material Opulence. “It sets you up for success.”…
How reactivating history can drive economic growth more sustainably than a new build
Editor’s note: The following is part of an ongoing feature series exploring impacts of initiatives within the Economic Development Corporation of Kansas City through a paid partnership with EDCKC. Hotel owners wanted charm that can’t be built in today’s economy; Kansas City history booked them the bones to do it A one-of-a-kind, limestone-clad building at 906…