Techstars Update - May 2024

May 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 were up to in May.

In review:

59 new investments

16 portfolio companies secured funding

12 upcoming Demo Day events

Capital

Each year we choose more than 700 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.

Portfolio Companies

Techstars has invested in 59 companies through 5 programs in the past month, bringing our total portfolio to 4,197 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 Columbus Powered by The Ohio State University

Aspect Health | Sentius | Superfan | Besample | Cariqa | Rubato | Blended Edge | PlugOp Technologies | Currents | Pedal Data | Seek | Blomso

Techstars Detroit Powered by J.P. Morgan

AMP Beauty | Repairit | Aphid | Greenlit Labs | Reportwell | Chargerzilla | Trove | TradeWay | Konnected with Care | Black and Mobile | OptimizeEV | Everything Bagel

Techstars Oakland powered by J.P. Morgan I

Xsauce | Cicada | Positive Finance | Afford Healthcare | LocumDoc | Circle+ | korzo | PairAnything | Trinium Labs | Lexir | ClubReq | Regfyl

Techstars Oakland powered by J.P. Morgan II

Rondah AI | TUX | Webvizio | AWEAR Technologies | GyftGram | LexIQ | Blank Labs | Goohaus | DubPrime | Thryft Ship | Travaras | Runbear

Techstars Transformative World Torino

G2Q Computing | Intuos | Bestie Bite | Vision Anchor | NUBO | Reviway | Trainizi | SylloTips | SHION | Voovo | plain.

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 worldwide.

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.

Applications

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 soon:

ARM Labs Lagos Techstars Accelerator

Applications open July 15.

USC and Techstars Digital Economy Program

Applications open August 26.

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 virtual or in-person Demo Day event:

Techstars Boston Accelerator

June 4 | Boston

Techstars New York City Accelerator

June 4 | New York City

Techstars New York City powered by J.P. Morgan

June 4 | New York City

Techstars Atlanta powered by J.P. Morgan

June 5 | New York City

Build in Tulsa Techstars Accelerator

June 6 | Tulsa

Techstars Boulder Accelerator

June 6 | Boulder

Techstars Industries of the Future Accelerator

June 6 | Knoxville, TN

Techstars London Accelerator

June 6 | London

Techstars Healthcare sponsored by Cedars-Sinai, Point32Health, UCI Health, and UnitedHealthcare

June 6 | Virtual

Techstars Los Angeles powered by J.P. Morgan

June 6 | Virtual

Techstars Web3 Accelerator

June 6 | NYC

Techstars Anywhere Accelerator

June 11 | Virtual

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.

Founder Catalyst

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 programs with open applications:

USC and Techstars University Catalyst

Apply by July 10.

Founder Catalyst sponsored by Stanley Black & Decker

Apply by July 19.

Techstars Founder Catalyst: Central America & Ecuador

Find more information here.

To learn more about Founder Catalyst, click here.

Startup Weekend & Startup Week

Startup Weekend is a three-day program where aspiring entrepreneurs can experience startup life in hundreds of cities worldwide.

Startup Week is a celebration of entrepreneurship and the people shaping the entrepreneurial ecosystem in your city.

See our June events below:

Techstars Startup Weekend Women Ecuador

June 7-9

Techstars Startup Week LIMA

June 17-22

Techstars Startup Weekend Calgary

June 21-24

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:

June Virtual Meet and Greet

Tuesday, June 25 | 1 pm ET

Scale Your Startup: Is It Time for an Accelerator?

Tuesday, July 2 | 5 pm ET

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

Industry Events

Techstars staff attend many prominent industry events, including:

Collision

June 17-20 | Toronto

Opportunity

The Techstars worldwide network helps entrepreneurs succeed. Check out the May fundraising news from the Techstars portfolio.

Fundraising News

Alō Index (Techstars 2023) closes a $1.9M round.

Piction Health (Techstars 2019) raises $6M to cut wait times for skin conditions.

Sports betting platform SoBet (Techstars 2023) has raised $3.7M in a seed funding investment.

Renda (Techstars 2022), which provides order fulfillment for businesses in Africa, takes in $1.9M.

Backpack Healthcare (Techstars 2023) bags $14M for children's mental health.

Bleach Cyber (Techstars 2023) secures a $2M pre-seed round from industry-leading investors.

hexafarms (Techstars 2022) raises €1.3M in pre-seed funding.

Monitaur (Techstars 2020), the leading model governance platform for highly-regulated industries, raises $6M Series A.

Incredible (Techstars 2023) raises $1M in pre-seed funding.

Gorgias (Techstars 2015) raises $29M in new funding.

Revent (Techstars 2023) raises $900,000 pre-seed to bolster KSA expansion plans.

Qomodo (Techstars 2023) raises £1.3M to secure the Iot against cyber threats.

Creator and athlete data startup RootNote (Techstars 2023) raises $1.5M pre-seed round.

Max Retail (Techstars 2022) raises $15M Series A.

OncoveryCare (Techstars 2022) raises $4.5M seed.

Liquid Diamonds (Techstars 2019) raises $1.1M for its B2B diamond sourcing platform.

Other News

Techstars, David Cohen Returns as CEO of Techstars, May 22

EU-Startups Podcast, Episode 69: Shirley Romig, Chief Accelerator Investment Officer at Techstars, May 23

Columbus Business First, First Techstars Columbus class to showcase progress at Demo Day, May 28

entARABI, Techne Summit 2024: Interview with Vijay Tirathrai, Managing Director of Techstars, May 31