Techstars Update - May 2023
May 30, 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:
70 new investments
1 new partner
1 portco exit
12 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 70 companies through 6 programs in the past month. Each program has selected 11-12 companies as part of this term’s cohort, bringing our total portfolio to 3,481 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 Atlanta Powered By J.P. Morgan - February I
Elite Sweets | Cappella | Arbo Technologies | BachPlace | Reflekt Me | Feedcoyote | Tulay | Branda | Enrichly | Gift Nabü | BEERMKR | Arch Pet Food
Techstars Atlanta Powered By J.P. Morgan - February II
Laundr | Movez | Bling | Hipclip | Le Ora | Ditch | Mercately | Perfectly Pitched | Veba | Loadzpro | Sproxxy | Kiri
Techstars Austin Accelerator
What She Said App | Priviom | hifive | Copyt | Motivision | CentralTexas.com | Viva Equity Fund | The 2.0 Collective | Quimby | Avenir | mbue | Clyn
Techstars London Powered by Polygon
Esoteric | Aware | Esca | Asterizm | Individual Technology | RisksessAML Limited | Popp | Combat IQ | Cryptive Ltd | musiqmesh | Liquify | Buildoor Labs
Techstars Miami Powered by J.P. Morgan
KredFeed | Kuadra | Modet | Lizit | Sirius Education | Nestedfunds | Watermelon | MedThread | BeeCuick | Fairsplit | Trez
Torino Cities of the Future Techstars Accelerator
Empethy | Sorair Technologies | Artificient Mobility Intelligence | Automatika Robotics | Sirius | Preflet | Wibo | Tutornow | Intuitivo | Heloola | Pack
New partners
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 newest partners supporting Techstars founders:
5 Questions with Collin Wallace, Managing Director of Techstars Future of Ecommerce powered by eBay
This program, partnered with eBay, is focused on startups with innovative technologies that are shaping the future of Ecommerce, including AI, Web3, privacy, security, and infrastructure.
eBay's reputation for innovation and technological advancements inspires and motivates startups to push boundaries and think outside the box, fostering a culture of creativity and experimentation, ultimately driving the development of groundbreaking products and services.
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.
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 New York City Accelerator
June 8 | NYC
Stockholm Techstars Accelerator
June 8 | Stockholm
Techstars Chicago Powered by J.P. Morgan
June 8 | Chicago
Techstars Los Angeles Powered by J.P. Morgan
June 8 | Los Angeles
June 8 | Los Angeles
Equinor & Techstars Energy Accelerator
June 15 | Oslo
Techstars Sustainability Paris Accelerator
June 29 | Paris
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.
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 June events below:
Techstars Startup Weekend Delhi Online
June 2-4, 2023
Techstars Startup Weekend Niort
June 2-4, 2023
Techstars Startup Weekend Women Vienna
June 2-4, 2023
Techstars Startup Weekend Iowa
June 9-11, 2023
Techstars Startup Weekend Louisville
June 9-11, 2023
Techstars Startup Weekend Salerno
June 9-11, 2023
Techstars Startup Weekend Blumenau
June 16-18, 2023
Techstars Startup Weekend Change Makers Cachoeiro de Itapemirim
June 16-18, 2023
Techstars Startup Weekend Porto Alegre
June 23-25, 2023
Techstars Startup Weekend Smart Cities Busan
June 23-25, 2023
Techstars Startup Weekend Windkoek
June 23-25, 2023
Techstars Startup Weekend AI Global Online
June 30-July 2, 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:
June 6, 13 & 20
Join Techstars for an exclusive 3-part Fundraising Series, designed to give you the knowledge and tools you need to successfully raise capital for your early-stage startup.
Industry events
Techstars staff attend many prominent industry events, including:
June 26-29 | Toronto
Opportunity
The Techstars worldwide network helps entrepreneurs succeed. Check out exit and funding news from the Techstars portfolio for April and May:
Portco exits
Codiga (Techstars Boulder 2021), a coding optimization and education platform, is acquired by Datadog.
Portco funding
Kepler Communications (Techstars Seattle 2016), a Canadian-based satellite operator, raises $92M in a Series C funding round.
Orbit Fab (Space 2019), the orbit refueling service provider creating “gas stations in space,” closes out a Series A round with $28.5M raised.
Hydrosat (Space 2019), the geospatial data analytics company, collects $20M in grants and Series A investments.
DeepHow (Techstars Mobility 2018), the “how-to” video platform for AI skills training, closes a $14M Series A investment round.
Taylor & Hart (Techstars Boston 2016), the Bulgarian-founded jewelry startup, raises €4M to develop innovative blockchain technology.
NATIX (Smart Mobility 2022), the decentralized network of smart cameras, grabs $3.5M in pre-seed funding.
Zipline (Seattle 2011), the drone delivery startup, reaches a valuation of $4.2B.
Zeno Power (Starburst Space 2019), a startup developing radioisotope systems for the U.S. Military, brings in $30M to build satellites for the U.S. Air Force.
Hackjob (London 2015), a job marketplace bringing together technical candidates and companies looking for help, puts together a $25M Series B funding round.
Bloomfilter (Chicago 2022), a process intelligence platform for software development, raises a $7M Seed round.
Covatic (Comcast 2020), the privacy-first ad-tech firm, raises a $5M Series A funding round.
Ateios (Heritage Group 2019), a leading battery materials innovation manufacturer, closes a $2.4M contract from the DoD to develop improved battery materials.
Other news
Tech Funding News, The 10 most promising early-stage tech startups in Europe for 2023, May 5, 2023
TechCrunch, Startups should absolutely work with governments to support defense projects, May 28, 2023
