Techstars raises $146.65M for future accelerator

BOULDER — Techstars has raised just more than $146.65 million for possible use for its yet-to-be announced 2021 cohort.

The Boulder-based startup accelerator raised the funds from 99 investors in Techstars Accelerator 2021 L.P., according to disclosures filed with the U.S. Securities and Exchange Commission on Wednesday. The filing designates the round for use as a venture capital investment fund.

The round appears to have had far more interest from investors than first expected. Techstars set the maximum amount in the round at $100 million last July, when it disclosed the fund’s intention to collect investments.

SPONSORED CONTENT

How dispatchable resources enable the clean energy transition

Platte River must prepare for the retirement of 431 megawatts (MW) of dispatchable, coal-fired generation by the end of the decade and address more frequent extreme weather events that can bring dark calms (periods when there is no sun or wind).

Techstars has tended to denote where it uses the investor funds it raises through the name of the subsidiary companies that act as financial vehicles.

The company declined to offer additional details when reached by BizWest Thursday afternoon.

© 2021 BizWest Media LLC