Monday, November 27, 2017

Techstars Ventures Seeks $400M In New Venture Fund

Boulder-based Techstars Ventures, the venture capital fund run by David Cohen, Mark Solon, and Jason Seats, has booted up an effort to raise $400M in a new venture capital fund, according to a recent regulatory filing by the firm. The filing indicates that so far, no limited partners have committed to the brand new fund. Techstars Ventures invests primarily in graduates of the Techstars startup accelerator program, as well as companies started by Techstars alumni. The new fund--which will be the fourth fund for Techstars Ventures--is a significant boost from its last fund, a $150M fund. Techstars Ventures had previously had $265M in total under management, including all three of its earlier funds.