Today, we are unveiling our third and newest Techstars Ventures fund.
Techstars Ventures 2014 is a $150M seed and series A fund. The fund’s strategy is to invest in companies emerging from the Techstars ecosystem, which includes Techstars accelerator program graduates, new companies started by Techstars alumni, and companies formed by Techstars mentors.
Since 2007, companies in our ecosystem of founders, alumni and mentors have raised more than $5 billion in venture capital from a diverse set of leading venture capital firms. We are incredibly proud of these existing portfolio companies, which employ thousands of people and have a total enterprise value of more than $42 billion. And, of course, we’re also very proud of the more than 1,500 Techstars mentors worldwide who through their efforts have changed the way that startups are created.
Through our venture funds, we’ve been co-investing alongside the angel and venture capital communities in Techstars companies since 2009. With this new fund, we will continue to thoughtfully co-invest alongside the broader venture community in companies that are part of the Techstars ecosystem of founders, alumni and mentors.
When Mark Solon and I decided to raise this new fund, we knew the job was going to get much bigger and we’d need more focused help. Techstars has been growing as an organization and some true superstars have emerged.
We are thrilled to announce the addition of three new partners to the fund:
- Jason Seats was the founder of Slicehost (acquired by Rackspace), and has managed both Techstars Cloud and Techstars Austin since joining us in 2011.
- Nicole Glaros is a fantastic investor who has managed and provided oversight for Techstars programs in Colorado, New York and Texas since joining us in 2009.
- Ari Newman founded Filtrbox (acquired by Jive) in 2007 and participated in the first-ever Techstars program that same year, then joined Techstars in 2011.
The Techstars team is now more than sixty professionals whose daily focus is adding value to our portfolio companies. We have offices with Managing Directors in Austin, Boulder, Berlin, Boston, Chicago, Detroit, Kansas City, London, Los Angeles, New York City, San Antonio, San Diego, and Seattle.
We would like to thank our Limited Partners who have placed their trust (and money) with us. It’s a small group of some of the most notable institutional investors in the world and we’re honored to have them be an important part of this new fund. We love nothing more than investing in and helping startups do incredible things, so thank you to all of the founders and companies who have allowed us to be a small part of their inspiring stories. Techstars is mentorship-driven, and we too have had incredible mentors help us along the way. You know who you are, and we want you to know we appreciate everything you have done for us. You have been nothing short of incredible as people, friends, and mentors to us. Thank you!