Banking & Finance  January 28, 2015

Techstars raises $150M fund aimed at seed, Series A investment

BOULDER – The venture-capital arm of startup accelerator Techstars has raised a new $150 million fund aimed at seed and Series A investment in companies emerging from the Techstars ecosystem, co-founder David Cohen announced Wednesday.

Techstars Ventures, formerly Bullet Time Ventures, has $265 million under management according to the company website, and has been co-investing in Techstars companies alongside angel investors and venture capitalists since 2009.

Cohen wrote in a blog post on the Techstars site Wednesday that the plan with the new fund is to “continue to thoughtfully co-invest alongside the broader venture community in companies that are part of the Techstars ecosystem of founders, alumni and mentors.”

Founded in 2007, Boulder-based Techstars admits classes of 10 to 12 startups for each 12-week session that includes mentorship from a network that has grown to more than 1,500 mentors worldwide. Participating startups receive up to $118,000 in seed money in exchange for a 6 percent to 10 percent equity stake in their companies. Since the first Techstars accelerator launched in Boulder, the company has added programs in Berlin, Boston, Chicago, Detroit, London, Los Angeles, New York, San Antonio, San Diego, Seattle, Kansas City, Mo., and Austin, Texas.

Cohen and Mark Solon are managing partners of the fund, while Nicole Glaros, Ari Newman and Jason Seats have also been added as partners.

Cohen wrote in his blog post that the limited partners in the new fund, called Techstars Ventures 2014 LP, include “a small group of some of the most notable institutional investors in the world.”

BOULDER – The venture-capital arm of startup accelerator Techstars has raised a new $150 million fund aimed at seed and Series A investment in companies emerging from the Techstars ecosystem, co-founder David Cohen announced Wednesday.

Techstars Ventures, formerly Bullet Time Ventures, has $265 million under management according to the company website, and has been co-investing in Techstars companies alongside angel investors and venture capitalists since 2009.

Cohen wrote in a blog post on the Techstars site Wednesday that the plan with the new fund is to “continue to thoughtfully co-invest alongside the broader venture community in companies that are part of the…

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