Techstars Update - January 2024

Jan 31, 2024
Featured

Capital + Programs + Connection = Opportunity

Techstars connects unstoppable founders, wherever they are, with capital, programs, and connections to open up opportunities. See what we've been up to in January.

In review:

96 new investments

7 portcos close funding rounds

1 portco exit

Capital

Each year we choose more than 500 early-stage companies to join one of our 3-month, mentorship-driven accelerators, investing $120K and providing hands-on mentorship and access to the Techstars network for life. Check out the latest companies graduating from our programs below.

Portcos

Techstars has invested in 96 companies through 7 programs in the past month. Each program selected 12 companies as part of this term’s cohort (Techstars Seattle ran two classes), bringing our total portfolio to 4,035 companies. Since 2006, our founder-first philosophy has connected us with startups across a range of verticals, linking them to a network of successful mentors and partners. Meet the latest Techstars portfolio companies:

Techstars Berlin Accelerator

AkashX | Bruin | dehaze | enzum | FinQbit | Gordion Bioscience | Illumicell | LogSpend | OmicsChart | Re Cae | Resourcly | XENA Dx

Build in Tulsa Techstars Accelerator

Carbonext | EDUrain | Equility | Gamr | GO See The City | Katapulte | MobilityZ Health | NaviSavi Travel | Prep Intel | Torque360 | Vyrtual | XCredit

Techstars Detroit powered by J.P. Morgan

Container Deposit Fund | Coordle | Craftle | Destined AI | Guideli | Hash App | mokSa AI | Shophand | SneakPeek | Trip Slip | Wellacy Health | Wise Assistant

Techstars Future of Ecommerce powered by eBay

Aistetic | ChatGenie | Clutch | Ecomtent | GolferX | Jelt | Okkular | Oly | Onboardbase | Purposely.ai | unbuilt | WorkDone

Techstars New York City powered by J.P. Morgan

AiMerch | Alt.Fn | CivicSync | DocOne | Dollarize | Dr.Online | Ephemeris | Immerce | Modality | Predictive Equations | Zelia | PayAngel

Techstars Oakland powered by J.P. Morgan

Cadena | Chambr | coexist | Cuál | Cut and Clarity | Grandstage | Littl | Nala | PerformVu | Skyblue Analytics | WXLLSPACE | Fundwurx

Techstars Seattle Accelerator - Class 1

AdsGency AI | CareCopilot | Chassy | Easy Platter | Et Cetera Robotics | Inquisio.AI | Paralog | Pezzo | Produx | Talkstack | Visionify | Zippiai

Techstars Seattle Accelerator - Class 2

Astros | Canopy | Chi AI | Discoverist.ai | Moyae | Planette | Propio | Prospero | Stackoon | TawkitAI | Trellis Health | Cloud Fence

Partners

Our mission is to enable everyone to contribute to and benefit from, entrepreneurs’ success. By connecting entrepreneurs with corporations and organizations around the globe, we can drive innovation and solve the world’s largest problems. Meet the newest partners supporting Techstars founders:

Tuscaloosa County Economic Development Authority, The University of Alabama and Techstars Partner to Bring Accelerator and Pre-Accelerator Programs to Tuscaloosa

Techstars WaterTech and Sustainability, an accelerator program for early-stage startups, and Founder Catalyst WaterTech and Sustainability, a pre-accelerator program for idea-stage startups, will create a pathway for founders to progress through their entrepreneurial journey building water technology companies.

"TCEDA is proud and honored to work with The University of Alabama and Techstars to bring this program to our area. We are particularly grateful to Innovate Alabama for their support and for recognizing the potential impact of a water technology accelerator program," Justice Smyth, executive director of TCEDA, said. "This collaboration not only positions Tuscaloosa as a hub for hydrologic innovation but also underscores the tremendous business opportunities that exist within our vibrant community. We are enthusiastic about the prospect of nurturing a new generation of entrepreneurs who will play a pivotal role in addressing the critical challenges related to water use and management."

Programs

Techstars accelerators have one goal: to help entrepreneurs succeed. We believe that great entrepreneurs and startups are everywhere but opportunity is not evenly distributed, which is why we continue to launch programs around the world.

During each three-month program, we surround companies with the best mentors and an unrivaled network of corporate partners, investors, and alumni. We provide funding and fundraising opportunities, workshops, and curated resources, not to mention countless moments where you can learn from your peers. It’s a proven model that has helped build thousands of successful companies, all over the world. 

Applications opening

Learn more about our 3-month accelerators where founders gain funding, mentorship, and access to the Techstars network for life. The following programs have applications opening on March 4, 2024:

Techstars Boulder Accelerator

Techstars Physical Health Fort Worth Accelerator

Techstars San Diego powered by San Diego State University

Techstars Tech Central Sydney powered by the NSW Government

Techstars WaterTech & Sustainability

Demo Days

Techstars accelerator programs culminate with a celebration at Demo Day. This is each company’s chance to show the world how much progress they’ve made in just a few short months. Investors can learn more about our latest investments and portfolio companies by registering for a Techstars program’s live virtual or in-person Demo Day event:

The Minnesota Twins Accelerator by Techstars

February 15 | Minnesota

ARM Labs Lagos Techstars Accelerator

February 20 | Lagos, Nigeria

Techstars New York City Accelerator

February 23 | New York

Connection

Events & Pre-Accelerator Activity

We believe that while people and ideas are equally distributed, opportunity and resources are not. That is why we are committed to increasing access to entrepreneurship. All over the world. Connect with Techstars at the following events.

Founder Catalyst programs

Founder Catalyst is a pre-accelerator program providing early-stage entrepreneurs with invaluable startup education and mentorship. This part-time, primarily virtual experience is perfectly suited for founders looking to hone their entrepreneurial skills, better understand their target customers, and dig deeply into refining the solutions they are offering the world. Check out the following program with open applications:

Techstars Founder Catalyst WaterTech & Sustainability

Apply by March 3, 2024

To learn more about Founder Catalyst, click here.

Startup Weekend events

Startup Weekend is a three-day program where aspiring entrepreneurs can experience startup life in hundreds of cities worldwide. See our January events below:

Techstars Startup Weekend Pittsburgh

February 2-4, 2024

Techstars Startup Weekend Albany

February 2-5, 2024

Techstars Startup Weekend Bio Tech Malaga

February 9-11, 2024

Techstars Startup Weekend Uni Melbourne

February 9-11, 2024

Techstars Startup Weekend Tallahassee

February 16-18, 2024

Techstars Startup Weekend Tokyo

February 16-18, 2024

Techstars Startup Weekend Aden

February 22-24, 2024

Techstars Startup Weekend Winston-Salem

February 23-25, 2024

Techstars Startup Weekend Mobile

February 23-26, 2024

For a full list of upcoming Techstars Community events, click here.

Virtual events

Techstars hosts a variety of virtual events throughout the year for entrepreneurs. View our upcoming events below:

Founder's Guide to the Techstars Application

Tuesday, Feb. 6 | 12 pm PT

Pitch Perfect: Techstars Deck Review

Tuesday, Feb. 20 | 12 pm PT

Opportunity

The Techstars worldwide network helps entrepreneurs succeed. Check out exit and funding news below from the Techstars portfolio during January.

Fundraising news

PierSight (Techstars Space Accelerator 2023) picked up $6M in fundraising for its satellite-powered ocean surveillance tech.

Echo Labs (Techstars Chicago Accelerator 2023) secured $7.4 million in pre-seed funding.

Kairos (Techstars Sports Accelerator Powered by Indy 2021) has been acquired by a US company for an undisclosed sum.

Dapple Security (Techstars Boulder Accelerator 2023) raised a $2.3 million pre-seed.

Heex Technologies (Techstars Tel Aviv Accelerator 2021) raised €6M for smart data filtering at the edge.

Imaginario AI (Comcast NBCUniversal LIFT Labs Accelerator, Powered by Techstars 2022) raised $1 million in pre-seed funding.

ViralMoment (Techstars Los Angeles 2021), AI social video insights tool, raises $2.5M.

Sirius (Techstars Smart Mobility Accelerator 2023) lands €1.2 million to bring new energy to the traditional metals and mining industry.

Other news

Crunchbase, A16z Tops Active Investor Ranks In Slow Year, January 12, 2024

Techstars, Techstars Appoints Andrew Cleland as Chief Investment Officer, January 17, 2024

Tuscaloosa Thread, Venture Capitalists Behind 20 Billion-Dollar Companies Want Next “Unicorn” in Tuscaloosa, January 26, 2024