Boulder, Colorado-based accelerator Techstars is looking to raise a $150M fund, per a U.S. SEC filing seen by The Business Journals. The filing did not reveal the exact purpose for which the amount will be used. More:Techstars provides virtual, on-premise, and hybrid accelerator programs across 36 cities in the U.S. and 12 other nations. - Notable startups such as Bevi and CareAcademy, which emerged from Techstar's previous accelerator programs in 2014 and 2017 respectively, have gone to raise subsequent funding rounds.
- Bevi raised $70M last year, while the latter secured investment from Goldman Sachs.
- Last March, Techstars earmarked $80M to invest in nine cities across the U.S. in partnership with JPMorgan Chase & Co.
- A month later, it announced the Rising Stars Fund, an initiative aimed at supporting underrepresented founders across the U.S.
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