Techstars Update - June 2023
Jun 29, 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:
158 new investments
2 new partner deals
7 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 158 companies through 14 programs in the past month. Each program has selected 9-13 companies as part of this term’s cohort, bringing our total portfolio to 3,574 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 and Audi Denkwerkstatt Founder Innovation Lab
ARTIAL | Carré Mobility | AirCare | Mowa.ai | Tether EV | LOCCO | Co-Tasker GmbH | Twende | VoiceKitt GmbH | WeHave
Techstars Chicago Powered by J.P. Morgan
Alleo.ai | Apricotton | Early Intervention Systems | Flat | LifeWeb 360 | Memby | PainNavigator | Signoff | Somnea Health | Tactic.ly | The CryptoMom™ App | VacayHQ
Techstars Detroit Powered by J.P. Morgan
Cashpool | Crediometer | Fitmania | Glou | HomeFlow | Inpathy | Kredete | Luca | MeetYourClass | Unicorn Dream | waggle
Equinor & Techstars Energy Accelerator
EnkiAI | Enurgen | NeedEnergy | Liquidstar | Norsjór | OE Systems AB | Neomare | Solavio Labs | WeMe Facilitators
Techstars Healthcare sponsored by Cedars-Sinai, Point32Health, UCI Health and UnitedHealthcare
Azra Care | Duality Health | Expect Fitness | Givers Health | Handl Health | HiPR Innovation | Kneevoice | Lana Health | NovaXS Biotech | BAND Connect | Youme Healthcare | Icardio.AI
Techstars Industries of the Future Accelerator
Allosense | ExLattice | HyperTunnel | Laminar Scientific | Team Wildfire | WingDriver | Crow Industries | Eolic Wall | Undesert Corporation | RAEV
Techstars Los Angeles Powered by J.P. Morgan
Cubtale | Dyrt | Happiest Ours | Jackson McCrea | Omega 3 Nutrition | PITZ | PropTexx | SAFA.ai | SALUBATA | StepWise | SWERVE Fitness | Taxxwiz
Techstars New York City Accelerator
Astrius | BluBinder | Buyable | Folio | Joggr | mishe | Touch | Trousso | Third Design | Mainstack | Pennee Technologies | Poplin
Techstars New York City Powered by J.P. Morgan
Champion 40A | Highbrow | Les Aimants | Media Disco | Mission-Driven Tech | Saavor | Shubox | Storspay | SWYE360 Learning | Tattd | Tech1M | Voike | zuri fertility
Techstars Oakland powered by J.P. Morgan
Aravenda Consignment Software | BezoMoney | Careerflow | chpter. | Matchplicity | Netta | PentoPix | Review Piper | RxPlace | Spaciously | Teeread | The Host Co.
Stockholm Techstars Accelerator
Freespeech | Votemo | SENSE | Bob Makler | Emigreat | HeartNet | Moonai | Qlerify | Scanbro | SkillMapper
Techstars Sustainability Paris Accelerator
NIX AIR SOLUTIONS | Allegiant H2O | Enreport | S.Lab | BEAWaRe | Savvy | Avrio | CircularPlace | Movopack s.r.l. | Pelikan Mobility | Toasty
Techstars Tel Aviv Accelerator
Airtime | Betterteem Technologies | Followear | Innvox | Merry Pop-in | Replace | Stacked | Vert | Xolani.Health | Yow HR | wryte | ishield.ai
Techstars Web3 Accelerator
JR Studio | Loki.code | OLTA | Ospree | Peerkat | Protico | Savechain | SonX | TrustWare | Quest | Mintycode Ltd | TogetherCrew
New partner deals
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 partners supporting Techstars founders:
Techstars, Saudi National Bank and MCIT Announce Two Founder Catalyst Programs in Saudi Arabia
The Techstars Founder Catalyst Jeddah / Al Ahsa is a 10-week hybrid program with two distinct cohorts based out of Jeddah and Al Ahsa in Saudi Arabia. The program invites early-stage founders from all industries, with a preference for founders in media tech, from across the world to participate and shape the future of the Kingdom’s startup ecosystem.
“Saudi Arabia has an emerging and dynamic startup community,” said Techstars CEO Maëlle Gavet. “We’ve seen firsthand the power of nurturing entrepreneurial ecosystems through our existing Riyadh Techstars Accelerator. In the Techstars spirit of helping entrepreneurs succeed, we will empower even more entrepreneurs in Saudi Arabia through our Founder Catalyst in partnership with SNB and MCIT.”
This 10-week pre-accelerator program for early-stage startups will address the specific needs of diverse and underrepresented founders in the Mid-Atlantic region.
"Driving both innovation impact and community impact are long-standing goals for us,” said Marty Guay, Vice President of Business Development for Stanley Black & Decker. "Partnering with Techstars to launch this Founder Catalyst program is an important step toward championing those goals while fostering diverse talent in the startup ecosystem.”
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.
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:
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 Founder Catalyst programs currently accepting applications:
Jeddah and Al Ahsa, Saudi Arabia
Techstars Founder Catalyst Jeddah and Al Ahsa support early-stage founders across all industries.
Techstars Founder Catalyst sponsored by Stanley Black & Decker supports diverse and underrepresented founders.
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 worldwide. See our July events below:
Techstars Startup Weekend Nairobi
July 7-9, 2023
July 10-14, 2023
Techstars Startup Weekend Itapema
July 14-16, 2023
Techstars Startup Weekend Armenia
July 28-30, 2023
Techstars Startup Weekend Sao Bento do Sul
July 28-30, 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:
Open Door Office Hours with Corina Hierro
July 6 & 13
Opportunity
The Techstars worldwide network helps entrepreneurs succeed. Check out exit and funding news from the Techstars portfolio for the month of June:
Portco funding
Pixxel (Techstars Space 2019), a cutting-edge hyperspectral imaging satellite, raises $36M in Series B funding.
Material Evolution (Techstars Heritage Group 2020), the sustainable concrete producer, collects $19M in Series A funding to scale the production of low-carbon cement.
Nori (Techstars Sustainability 2019), a carbon removal marketplace, raises $6.25M from Toyota, M13, and other ventures.
Urban SDK (Techstars Smart Mobility 2020), a connected mobility, transportation, and safety analytics platform for smart cities, grabs $3M from GOVO Venture Partners.
Cargofive (Techstars Smart Mobility 2021), the Lisbon-based freight forwarding technology startup, collects €1.8M to drive digital transformation.
ConnectCareHero (Techstars Longevity 2020), a platform dedicated to helping older communities stay socially engaged, lands $1.8M in funding.
Renewal Mill (Techstars Farm to Fork 2018), the upcycled sustainable food company, secures an undisclosed funding amount to expand its product line.
Other news
Techstars and eBay Announce Partnership to Launch Techstars Future of Ecommerce powered by eBay, June 5, 2023
