Monday, December 9, 2013

Techstars Expands Accelerator Empire With Barclays Deal

Boulder-based startup accelerator Techstars is further expanding its huge empire of startup accelerators, with a new deal to create a new startup accelerator with global banking company Barclays. According to Techstars and Barclays, they have launched a new accelerator, the Barclays Accelerator, the accelerate fintech startups. Terms of the deal between Techstars and Barclays were not annoucned, but the two said they have partenred to provide ten FinTech startup companies with funding and three months of mentorship, starting in mid June of 2014. Barclays is based in London. The move comes less than a year after Techstars opened up a new program in London.