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Techstars

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1227663

Techstars

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Techstars

Techstars is a global startup accelerator and venture capital firm founded in 2006 and headquartered in New York City. The accelerator provides capital, mentorship, and other support for early-stage entrepreneurs.

As of January 2024, it had been used to launch roughly 4,100 companies with a combined market capitalization of over $116 Billion USD. Techstars operates accelerator programs in the Americas, Europe, the Middle East, Africa, Asia, and Oceania. Companies started via Techstars include Uber, ClassPass, PillPack, Twilio, Remitly, DigitalOcean, Trust & Will, SketchFab, SendGrid, and GrabCAD.

Techstars was founded in Boulder, Colorado, by David Cohen, Brad Feld, David Brown, and Jared Polis in 2006. Initially, Techstars invested between $6,000 and $18,000 in early stage companies, providing entrepreneurs with mentorship during a three month accelerator program.

The company held its first program in Boulder in 2007 with ten companies. Of the ten, two were acquired that same year. As of 2012, three had achieved positive exits and two were generating millions in annual revenue. In subsequent years, Techstars expanded to Boston, Seattle, New York City, a "cloud" program in San Antonio, and Austin.

In January 2011, Techstars launched the Global Accelerator Network (GAN), which links 22 similar programs internationally. The network was launched in conjunction with President Barack Obama's Startup America Partnership. GAN is now an independently operated organization. Techstars has also supported the formation of Patriot Boot Camp.

In 2017, Techstars partnered with the venture capital firm Partech Ventures to expand its program to Paris, and in September of the same year was contracted to work with the United States Air Force's new technology accelerator "AFwerX". At the beginning of 2019 Techstars started another European program around smart cities in Amsterdam with their corporate partner Arcadis. In 2021, Maëlle Gavet became CEO.

In 2017 Techstars became the first US accelerator to build an office in the UAE.

In 2022 Techstars expanded its work into Africa.

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