Wednesday, January 28, 2015
Techstars Launches New, $150M Venture Capital Fund
Boulder-based Techstars--which has reshaped both the local high tech economy and the startup accelerator market worldwide--is now not just a startup accelerator operator, it's also a venture investor. Techstars said today that it has raised a new, venture capital fund called Techstars Ventures, with $150M in funding for seed and Series A startups. David Cohen, who heads up the new fund and co-founded Techstars, said the fund's strategy is to invest in companies emerging from the Techstars ecosystem, which includes Techstars accelerator program graduates, new companies started by Techstars alumni, and companies formed by Techstars mentors. Techstars said that so far, the new fund has made investments in three companies: Distil Networks, Conspire, and Ello.