Tech accelerator franchise Techstars today announced that it’s raised a new $150 million fund, with plans to invest the capital back into its own “ecosystem.”
More specifically,Techstars says it will use the fund to invest in “accelerator program graduates, new companies started by Techstars alumni, and companies formed by Techstars mentors.” This new fund should ultimately help boost Techstars’ image — if it yields stronger Techstars-associated businesses.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1651084,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"C"}']The accelerator has seen portfolio company exits to Automattic, eBay, AOL, and Yahoo, and is often compared to Silicon Valley darling Y Combinator. But while YC dominates in California, Techstars has gained ground in Boulder, Colorado, and New York City.
Techstars’ first and second funds amounted to $5 million and $25 million, respectively.
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