January 28, 2015
David Cohen, CEO of Techstars, today penned a blog post unveiling the third and newest Techstars Ventures Fund. Techstars Ventures 2014 is a $150 million seed and Series A fund, and their strategy is to invest in companies emerging from the Techstars ecosystem; that includes Techstars accelerator graduates, new companies started by Techstars alumni, and companies formed by Techstars mentors.
To date Techstars affiliated companies have raised over $5 billion in VC, and through their venture funds Techstars itself has been able to invest alongside angel and VC communities. The newly started fund will continue this trend of investing.
When Cohen and Mark Solon set out to raise the new fund they realized they needed focused help. Along with their announcement of the new fund comes news that they’ll be adding 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.
We heard Cohen at our 2014 Tech Cocktail Celebrate Conference talk about how Techstars keeps their competitive edge: this is a primetime example of their strategy and vision.
Did you like this article?
Get more delivered to your inbox just like it!