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Techstars Update - April 2023

Apr 27, 2023

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:
76 new investments
13 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.

New portcos

Techstars has invested in 76 companies through seven programs in the past month. Each program has selected 10-12 companies as part of this term’s cohort, bringing our total portfolio to 3,417 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:

Techstars Anywhere Accelerator

Techstars Boulder Accelerator

Techstars Crypto Boston powered by Algorand

Techstars Equitech Accelerator

Techstars Future of Longevity Accelerator

Techstars Impact Powered by Cox Enterprises

Techstars Music Accelerator

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 next month:

ARM Labs Lagos Techstars Accelerator

Applications open: May 15

The Minnesota Twins Accelerator by Techstars

Applications open: May 15

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:

Techstars Austin Accelerator

May 3 | Austin

Techstars Miami powered by J.P. Morgan

May 10 | Miami

Techstars Atlanta powered by J.P. Morgan

May 11 | New York City

Torino Cities of the Future Techstars Accelerator

May 11 | Torino

Connection

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:

Startup Weekend events

Startup Weekend is a three-day program where aspiring entrepreneurs can experience startup life in hundreds of cities worldwide. See our May events below:

Techstars Startup Weekend Basel

May 5-7, 2023

Techstars Startup Weekend Fort Worth

May 5-7, 2023

Techstars Startup Weekend Rimini

May 12-14, 2023

Techstars Startup Weekend Targu Jiu

May 12-14, 2023

Techstars Startup Weekend Andradina

May 19-21, 2023

Techstars Startup Weekend Austin

May 19-21, 2023

Techstars Startup Weekend Francisco Beltrão

May 19-21, 2023

Techstars Startup Weekend Reggio Emilia

May 26-28, 2023

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:

Sustainability Panel

May 2 | 9:00 AM MT | Crowdcast

Join this event to learn what the current trends are when it comes to impact investing. We'll discuss where the best places to launch a climate venture is and how to finance it in a down market.

Industry events

Techstars staff attend many prominent industry events, including:

Women Tech Global Conference

May 9-12 | Virtual and In-Person

SCALE Global

May 22-25 | Las Vegas

Opportunity

The Techstars worldwide network helps entrepreneurs succeed. Check out the last month's exit and funding news from the Techstars portfolio:

Portco funding

ClassWallet (Techstars Kaplan 2014), the digital wallet that allocates spending and tracks purchases without paperwork or receipts, announces a significant minority growth investment from Guidepost Growth Equity.

Rangeforce (Techstars Barclays NYC 2015), the platform that offers live, hands-on cybersecurity training, pulls $20 million in a Series B financing round.

Seldon (Techstars Barclays London 2016), a machine learning deployment platform, collects $20 million in Series B funding to improve the production of AI models.

OpenLoop (Techstars Iowa 2020), a health-tech company that matches healthcare providers with practices or hospitals, pulls $15 million in Series A funding.

Gable (Techstars NYC 2021), which connects and offers a wide variety of remote working options, raises $12 million in Series A funding.

Fly by Jing (Techstars Los Angeles 2019), which offers traditional, modern Chinese food, secures $12 million in Series B funding for their company.

TiLT (Techstars Workforce Development 2020), the HR tech company focusing on leave management, collects $10 million is Series B funding led by Origin Ventures.

Presta (Techstars Boulder 2022), a digital lending platform, secures $3.3 million in oversubscribed Pre-Seed funding.

Payday Africa (Techstars Toronto 2022), a neobank that allows users to send and receive money globally, raises $3 million seed round funding.

TransCrypts (Techstars Filecoin 2022), a record management platform, pulls $2.4 million in pre-seed funding to expand their platform's services.

Lux Semiconductors (Techstars Starburst Space 2020), a System-on-Foil electronics company, secures $2.3 million in seed funding.

RookMotion (Techstars SportsTech Melbourne 2022), the API that collects health metrics and data from 300+ wearable providers, raises $1.7 million in Pre-Seed funding.

FEZ Delivery Co. (Techstars Toronto 2022), the Lagos-based last mile delivery platform, collects $1 million in funding from Ventures Platform with participation from other investors.