Techstars Update - December 2022

Dec 28, 2022
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 this month!

In review:

209 new investments

2 partner deals

2 portco acquisitions

8 portcos closing funding rounds

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 and the partners who support them.

New portcos

Techstars has invested in 209 companies through 18 programs in the past month. Each program has selected 10-12 companies as part of this term’s cohort, bringing our total portfolio to 3,602 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:

ABN AMRO & Techstars Future of Finance Accelerator:

31Third Protocol | Beyond Equity | CloudPal | Corgee | EthicsGrade | flowpay.io | Lendorse | Porthos & Co | THX Network | Valuecometrics

Techstars Alabama EnergyTech Accelerator:

Ecolytics | Eneryield | Hop In Technologies | Idyllo | Latimer Controls | MS Chemical | Shipshape Urban Farms | Solar Unsoiled | VCP | WHYGRENE

Techstars Atlanta powered by J.P. Morgan:

Aspen Apothecary | Bhala AI | Buzzbassador | DiversiBoard | Friendly Shoes | LyRise | Neufluence | Private Packs | RemoteCoach | Retavo | Super Bloom Bakery | tychon

Techstars Austin Accelerator:

Bob's Containers | haulsale | Kabila | Kouo | Leadvolt | OutAt | PettyGigs | Qoncert | Sequense | ShowingHero | Sway Home | Xodus Technologies

Techstars Berlin Accelerator:

Carwyze | DLT Software | EnCo - Energia Collettiva | Fenyx | hexafarms | Inkdrop.ai | muffintech GmbH | Resonance UG | Riverse | Telekinesis.ai | Trudenty | VOIDS | Wonderbox Labs

Build in Tulsa Techstars Accelerator:

CASSIE | Groovv | human | KEXY | Lerch | NGHBR | Plannly | Shopl | SocialPreneur Lab | SquadTrip | Weku | Workbnb

Techstars Chicago powered by J.P. Morgan:

Activated Scale | Clickvoyant | Daedalus Technologies | dev-docs | Globowl | Leagueswype | Parkster.ai | Pay4Me App | SMART Charts | STIGMA | TasteMediaXpressRun

Comcast NBCUniversal LIFT Labs Accelerator, Powered by Techstars:

Collectiv.TV | EINO | Foto Visura | Imaginario.ai | Kosmi | KYD Labs | LLUNA | mtion interactive | Neon Wild | NNext Co. | Parallux | Team Fade

Techstars Detroit powered by J.P. Morgan:

BOXX | Capsa Technology | Gildform | Good & Well Brands | LearnHaus | Locus Mobility | Opnr | Peadbo | Pluck.eco | Socian Technologies | SQOR.io | Tour

Techstars London Accelerator:

BoxxDocks | Don't Shop, Swap LTD | Fyyne | Gravel AI | Harp Health | Kestrl: Muslim Money App | Kitchenswaps | Matutto | Motics Technologies Ltd | Re-Style | Verve | Zephframe

Techstars Los Angeles Accelerator:

Additive Space Technologies | Bevz | Canopy Aerospace | Charter Space | dopl technologies | Fenix Space | In Orbit Aerospace | Infiltron Software Suite & Application | Liberate | Relish Life | Rotender | WingXpand

Techstars Miami powered by J.P. Morgan:

Aerialoop | Allison | Docokids | Fathouse | FynOps | Medscrape | Mimedik | Official | Second Degree | Talisman+ | Topset Learning | Vaale

Paris Sustainability Techstars Accelerator:

canB - impact neobank | egreen Limited | Energy Shift | Gammanics Ltd. | Hydroquo+ | Kudoti | LISUS Technologies | Nyungu Afrika | RAZ | The Retouch | Trilleco | WINIM

Techstars Physical Health Fort Worth Accelerator:

Articulate Labs | BOOMROOM Fitness | GoManda | Neurofit VR | Pulsewave | Recovr Health | Stabl | STRAFFR | Wellest | ZAMA Health

The Roux Institute Techstars Accelerator:

ByDesign | CICLA 3D | Cypress Health | hey freya | HotDrop | Pointz | ReVert Technologies | The PS Collective | Torque | Virtual Sapiens

Stockholm Techstars Accelerator:

Ankra | Boldr | Five Letter Foods | goscore | Maygia | Olpay | Reeler | Roomkast | Swiftly | TerraWaste | Watson | WiseDrive

Techstars Toronto Accelerator:

Ever.ca | FEZ Delivery Co. | GIGXPAD | Glover Technologies | Klas | LaborHack | Mamy Eyewear | Raenest | Renda Limited | Simpu | Speak Ai | StageKeep

Techstars Washington DC powered by J.P. Morgan:

ALIVE Podcast Network | Beepboop | CarpeDM Dating | Cerebro NeuroTech | Clymb | EQLAB | K'ept Health | Navina | Poly Platform | Right Hear | University Startups | Wellthi

New 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:

Bolster Partners with Techstars

Bolster partners with Techstars to transform early-stage startups through unique access to experienced leaders.

“We’re thrilled to partner with Techstars,” said Jenny Lawton, EVP of Bolster. “As entrepreneurs ourselves, we've faced the challenge of finding the right talent for the right roles at the right time. We know firsthand the incredible impact the right leaders, advisors, and board members can have on the long-term success of a startup.”

Brex Partners with Techstars to Accelerate Growth for Early-Stage Founders

Brex has joined Techstars’ global network of partners and will offer aspiring founders and early-stage entrepreneurs exclusive resources to help them scale their businesses.

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’s 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 soon:

Techstars Atlanta Powered by Cox Enterprises

Applications Open: January 9, 2023

Techstars Boulder Accelerator

Applications Open: January 9, 2023

Techstars Farm to Fork Accelerator

Applications Open: January 9, 2023

Techstars Toronto Accelerator

Applications Open: January 9, 2023

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:

Stockholm Techstars Accelerator

January 12, 2023 | 10:00 AM - 11:00 AM PST | Stonks

Events & Pre-Accelerator Activity

We believe that while people and ideas are equally distributed, opportunity and resources are not. That’s 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 latest Founder Catalyst events:

JETRO x Techstars Startup City Acceleration Program-Global Scale Pitch Day

January 12, 2023 | 9:00 AM JST

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 around the world. See our January events below:

Techstars Startup Weekend Retail Fortaleza

January 13-15, 2023 | 6:00 PM -03

Techstars Startup Weekend Benin City

January 20-22, 2023 | 2:00 PM WAT

Techstars Startup Weekend Gaborone

January 26-28, 2023 | 8:00 AM GMT

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:

Goal Setting: How to Start the Year Right

January 10, 2023 | 11:00 AM PST | Crowdcast

Virtual Meet and Greet

January 24, 2023 | 12:00 PM MT | Crowdcast

Techstars Industries of the Future | Applications Closing AMA

January 30, 2023 | 9:30 AM PST | Crowdcast

Industry events

Techstars staff attend many prominent industry events, including:

CES 2023 

January 5-8, 2023 | Las Vegas, Nevada

Opportunity

The Techstars worldwide network helps entrepreneurs succeed. Check out the latest exit and funding news from the Techstars portfolio:

Portco exits

Think Outside (Smart Mobility 2020), a technology startup developing innovative products for the outdoor and hydropower markets, was acquired by Mitta Group.

Ionic (Cloud 2013), a widely used platform for building mobile and desktop web applications, was acquired by OutSystems.

Portco funding

MadKudu (Techstars Boulder 2015), the product-led growth platform using data to optimize go-to-market campaigns, closes out $18M in Series A funding.

Freight Farms (Techstars Boston 2013), the world's leading manufacturer of container farms, claims a $17.5M Series B funding round.

Wib (Barclays Tel-Aviv 2019), an Israel-based cybersecurity startup, raises $16M in funding.

Orda (Techstars Boulder 2022), a Nigerian-based food tech startup, reaches $4.5M in total funding after closing their pre-seed round.

Options MD (United Healthcare 2020), the LA-based telehealth startup providing care for treatment-resistant depression, collects $3.8M pre-seed funding.

Treet (Techstars Anywhere 2017), a branded resale platform helping brands drive long-term value and become more sustainable, raises $3.5M in seed funding.

WorkTorch (Techstars Iowa 2021), an HR career discovery platform, raises a $2.2M seed round.

Volteum (Smart Mobility 2022), the fleet optimization startup for electric vehicles, successfully raises €1.25M in seed funding.

Other news

Techstars CEO Maelle Gavet on Masters of Scale Podcast: “Don’t be a Unicorn, Be a Dragon”

Crunchbase News, Most Active US Investors In November: Techstars And Gaingels Lead The Way As Growth Giants Are MIA, Dec. 14, 2022