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
Café Corazón sold KC on her alfajores and empanadas; now meet the Argentine chef behind these legendary, handcrafted treats
In a space that serves as a crossroads of identities, trays of Silvia Miguel’s now-iconic savory and sweet dishes find a welcome home alongside bold pieces of art, sips of coffee and wares from a vibrant community of Latin and Indigenous entrepreneurs. Miel Castagna-Herrera, co-founder of Café Corazón, started carrying Miguel’s Pan Caliente products soon…
LISTEN: How this musician-turned-startup veteran is scaling with a Kansas assist
Startland News opens its new Plug and Play Topeka founder podcast series with a startup that’s making recovery easier — one pup at a time. Meet Medipups, a company combining canine compassion with real innovation in animal health, and its co-founder Sebastian Doyle. Recorded live at the Plug and Play Animal Health & AgTech Expo…
Kansas company beefs up natural qualities of meat, tallow with tech, not enhancements
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. [divide] WAKEENEY, Kan. — Plainview Beef is more than just a name for the western Kansas direct-to-consumer company, CEO Gabe Orr shared. It’s a nod to a mission rooted as much…
Radar’s new pitch: How this Kansas sports tech startup spins data into speedier fastballs
When speed is the name of the game, data can be nearly as important as talent, said Jarrod Nichols, emphasizing the role his startup’s radar technology can play in helping baseball and softball athletes measure fastball performance, improve their stats, and swing for the fences. “Pitch speed has been captured since the early ’70s,” said…