Techstars

Techstars Central LLC, founded in 2006 and based in Boulder, Colorado, operates as a startup accelerator and venture capital firm focused on supporting early-stage technology-oriented companies. It specializes in a mentorship-driven accelerator program, selecting ten startups each summer to participate in a three-month incubation period, offering funding of $120,000 in exchange for equity. Techstars invests primarily in sectors such as fintech, artificial intelligence, blockchain, augmented reality, and IoT, while avoiding investments in medical devices, healthcare technology, and local service-oriented businesses. In addition to its primary accelerator, Techstars has various specialized programs, including those focused on music, retail, mobility, and social impact, with global reach extending to regions such as Africa, Asia, and Latin America. The firm prefers taking minority stakes, typically between six and ten percent, without seeking board representation or investor rights. Techstars has built a robust network of entrepreneurs, mentors, and corporate partners to foster innovation and growth within its portfolio, which includes over 1,000 companies with a significant collective market capitalization.

Ethan Austin

MD of the Techstars Western Union Accelerator

Max Kelly

Managing Director of Techstars London

Lesa Mitchell

Managing Director

Vijay Tirathrai

Managing Director

Mark Tortorella

Advisor

Nathanial Zola

MD

Past deals in Minnesota

Inspectorio

Series B in 2022
Inspectorio Limited operates a mobile platform designed to guide inspectors through the quality inspection process, primarily focusing on textile and clothing factories in Asia. Founded in 2010 and based in Hong Kong, Inspectorio offers a Software as a Service (SaaS) platform that enhances supply chain collaboration, visibility, and predictive intelligence for brands, retailers, and their suppliers. By digitizing traditional manual and paper-based processes, Inspectorio enables real-time sharing of performance data among all participants in the production chain, facilitating immediate corrective actions. The platform employs machine learning algorithms to predict potential issues and recommend solutions based on historical patterns. As Inspectorio continues to expand its network of production ecosystems, it aims to become the standard for production chain digitization and collaboration, fostering increased participation from production partners.

Ecocrumb

Pre Seed Round in 2021
Ecocrumb, a Techstars portfolio company, helps businesses to track and manage their environmental and social impacts. the all-in-one software platform helps companies to collect and visualize sustainability data, set priorities, and take actions that matter. The dashboard view shows company performance on indicators such as emissions, energy use, diversity, community investment, etc. Easy-to-use data analytics and reporting tools help businesses to communicate their positive sustainability story to a variety of stakeholders. Ecocrumb is like having a sustainability team in a box — saving them time and resources — and helping them to implement sustainable practices more quickly and easily.

Traive

Venture Round in 2020
Traive Inc. operates an online lending platform that connects farmers with lenders, facilitating access to credit in the agricultural sector. Established in 2018 and headquartered in Saint Paul, Minnesota, with additional offices in São Paulo, Minneapolis, and Boston, Traive employs machine learning and big data to assess credit risk. The platform evaluates farmers' credit profiles using a comprehensive approach that goes beyond traditional credit scores, incorporating factors such as agronomic performance and market risks. This innovative analysis provides lenders with a diversified portfolio of borrowers while offering farmers more affordable funding options and reducing bureaucratic hurdles. By leveraging advanced technology, Traive aims to enhance financial accessibility within the agricultural industry.

Canomiks

Pre Seed Round in 2020
Canomiks provides a genomics, bioinformatics and AI-based Product Superiority Platform that enables companies within the functional food and beverage, dietary supplement and skincare industries to create safe and efficacious products. Canomiks' long-term vision is to make food as medicine a reality.

Tempore

Pre Seed Round in 2020
Tempore, developed by Travel Labs, Inc., is an innovative software platform designed for business travel management, utilizing artificial intelligence to enhance the user experience. Founded in 2017 and based in Minneapolis, Minnesota, Tempore functions as an AI-driven business travel profile engine that learns individual travel habits. It integrates seamlessly with users' calendars, simplifying the often complex process of booking business travel to a single click. By mimicking the efficiency of a well-trained executive assistant, Tempore aims to streamline travel arrangements, making them more intuitive and user-friendly. The platform invites users to experience its capabilities through a private pilot program.

DeFiner

Pre Seed Round in 2020
DeFiner Inc. operates a decentralized lending platform that enables users to secure digital loans within a global network of lenders and borrowers. It also helps users to securely lend and borrow digital assets on the blockchain. The company was founded in 2018 and is based in Minneapolis, Minnesota with other locations in San Francisco, Seattle, and New York.

Phraze

Pre Seed Round in 2019
Phraze is dedicated to transforming the healthcare delivery at the point-of-care by removing the screen between patients and clinicians. It lets healthcare providers focus on patient care by automating their clinical documentation requirements with its AI-powered digital medical scribe

Otrafy

Pre Seed Round in 2019
Otrafy is a Quality Management Software that optimizes and administers vendor relationship for quality assurance departments.Helping food production facilities to reach compliance and regulatory requirements faster by minimizing and automating mundane, low value-added activities.

Upsie

Series A in 2019
Upsie Technology Inc. specializes in providing a mobile application that simplifies the process of purchasing extended warranties for consumer electronics and appliances. Founded in 2015 and based in Minneapolis, Minnesota, the app allows users to buy warranties for a wide range of products, including TVs, laptops, headphones, home appliances, and cameras. Upsie offers competitive pricing without the high markups typically associated with warranty sales, presenting all coverage options transparently within the app. Users can easily manage their warranties, initiate claims, and even scan barcodes while shopping to view available options for specific items. The app also features a function for photographing and storing receipts, enhancing the user experience by keeping all warranty information organized and accessible.

soona

Seed Round in 2019
Soona Co. provides photography and videography production services. It operates social-media studios that provide same day photos and videos. The company serves influencers and small brands that promote their products on social media. Soona Co. was founded in 2018 and is based in Denver, Colorado with studios in Austin, Texas; Denver, Colorado; and Minneapolis, Minnesota.

Civic Eagle

Pre Seed Round in 2019
Civic Eagle develops software that helps companies discover and analyze legislation and regulations with no manual work. Civic Eagle's platform searches, tracks, and works with legislations across the country and does the discovery work so that policy advocates can focus on winning campaigns, thereby enabling clients to promote better democratic outcomes for people and their communities. It was founded in 2015 and headquartered in Minneapolis, Minnesota.

soona

Pre Seed Round in 2019
Soona Co. provides photography and videography production services. It operates social-media studios that provide same day photos and videos. The company serves influencers and small brands that promote their products on social media. Soona Co. was founded in 2018 and is based in Denver, Colorado with studios in Austin, Texas; Denver, Colorado; and Minneapolis, Minnesota.

Spoonshot

Pre Seed Round in 2018
Spoonshot Inc. is a technology company that specializes in artificial intelligence-driven analytics for the food and beverage industry. Founded in 2015 and based in Saint Paul, Minnesota, with additional offices in London and Bengaluru, Spoonshot provides a mobile application and online platform that offers personalized insights and recommendations. Its innovative approach combines food science and AI to analyze consumer behavior and market trends, allowing clients to develop menus, select recipes, and gather customer feedback effectively. By connecting various data sets, Spoonshot helps industry stakeholders predict future trends and identify novel opportunities, ensuring they can meet evolving consumer demands. The company, originally known as Dishq, rebranded to Spoonshot in October 2018.

ProcessBolt

Pre Seed Round in 2018
ProcessBolt empowers the enterprise supplier risk management process by replacing spreadsheets and emails with AI powered interactive questionnaires, process tracking, notifications, alerting, data driven dashboards and risk metrics. Enterprise: Full visibility to supplier risk and assessment status. Suppliers: Painless, intuitive and easily repeatable client risk assessments. Risk Management Professional: One simple platform saving time and dollars. Purpose built workflow to ease risk assessment process. Pre-configured and easily customizable assessment templates (BITS SIG, GDPR readiness, PCI SAQ, and more). Quickly attach evidence and artifacts to assessments. Meaningful notifications and alerts.

Pikup

Pre Seed Round in 2018
Pikup, developed by Runerra Technologies Inc., operates an online platform that facilitates commerce through a hyperlocal, peer-to-peer marketplace. Incorporated in 2018 and based in Minnetonka, Minnesota, the platform leverages community traffic to connect neighbors who are already traveling within a neighborhood with shoppers in need of specific items. By matching these individuals, Pikup enhances convenience for consumers while also providing merchants with valuable data from each transaction once an order is completed. This innovative approach not only enables shoppers to obtain necessary items efficiently but also fosters community interaction and offers merchants an opportunity to engage with their local market more effectively.

Civic Eagle

Pre Seed Round in 2018
Civic Eagle develops software that helps companies discover and analyze legislation and regulations with no manual work. Civic Eagle's platform searches, tracks, and works with legislations across the country and does the discovery work so that policy advocates can focus on winning campaigns, thereby enabling clients to promote better democratic outcomes for people and their communities. It was founded in 2015 and headquartered in Minneapolis, Minnesota.

Inspectorio

Series A in 2018
Inspectorio Limited operates a mobile platform designed to guide inspectors through the quality inspection process, primarily focusing on textile and clothing factories in Asia. Founded in 2010 and based in Hong Kong, Inspectorio offers a Software as a Service (SaaS) platform that enhances supply chain collaboration, visibility, and predictive intelligence for brands, retailers, and their suppliers. By digitizing traditional manual and paper-based processes, Inspectorio enables real-time sharing of performance data among all participants in the production chain, facilitating immediate corrective actions. The platform employs machine learning algorithms to predict potential issues and recommend solutions based on historical patterns. As Inspectorio continues to expand its network of production ecosystems, it aims to become the standard for production chain digitization and collaboration, fostering increased participation from production partners.

Player’s Health

Seed Round in 2018
Player’s Health is an insurance agency that protects athletes and sports organizations with a unique risk management platform. To do this, they use an interactive mobile and web-based platform designed to allow coaches to quickly and easily document any injury that occurs during practice or games. This promotes real-time communication between coaches and parents to best care for the health and wellbeing of youth athletes. Their HIPAA compliant interface simplifies the flow of youth athlete health information between coach, parent, and healthcare provider. Player’s Health fosters a personalized network of care for each youth athlete.

Audience

Seed Round in 2018
Spark DJ's application uses AI to deliver live-curated music right from a mobile phone where party-goers can connect with the application using geolocation to submit their song requests, allowing DJs to keep a party going, delivering high quality music every time.

Audience

Pre Seed Round in 2018
Spark DJ's application uses AI to deliver live-curated music right from a mobile phone where party-goers can connect with the application using geolocation to submit their song requests, allowing DJs to keep a party going, delivering high quality music every time.

Upsie

Seed Round in 2018
Upsie Technology Inc. specializes in providing a mobile application that simplifies the process of purchasing extended warranties for consumer electronics and appliances. Founded in 2015 and based in Minneapolis, Minnesota, the app allows users to buy warranties for a wide range of products, including TVs, laptops, headphones, home appliances, and cameras. Upsie offers competitive pricing without the high markups typically associated with warranty sales, presenting all coverage options transparently within the app. Users can easily manage their warranties, initiate claims, and even scan barcodes while shopping to view available options for specific items. The app also features a function for photographing and storing receipts, enhancing the user experience by keeping all warranty information organized and accessible.

StoryXpress

Convertible Note in 2017
StoryXpress Inc. is a company headquartered in Roselle, Illinois, that specializes in cloud-based video creation tools. Founded in 2017, it offers an API that allows businesses to seamlessly integrate video creation capabilities into their platforms, enabling the conversion of images, text, and video clips into promotional videos. This automation significantly reduces the time and cost associated with traditional video production, which can be prohibitively expensive for many retailers. By providing a web-based DIY application, StoryXpress empowers small and medium businesses to create high-quality promotional videos without requiring advanced video editing skills. This solution not only enhances the customer experience but also increases conversion rates on e-commerce websites by transforming existing product catalogs into engaging video content.

StoryXpress

Seed Round in 2017
StoryXpress Inc. is a company headquartered in Roselle, Illinois, that specializes in cloud-based video creation tools. Founded in 2017, it offers an API that allows businesses to seamlessly integrate video creation capabilities into their platforms, enabling the conversion of images, text, and video clips into promotional videos. This automation significantly reduces the time and cost associated with traditional video production, which can be prohibitively expensive for many retailers. By providing a web-based DIY application, StoryXpress empowers small and medium businesses to create high-quality promotional videos without requiring advanced video editing skills. This solution not only enhances the customer experience but also increases conversion rates on e-commerce websites by transforming existing product catalogs into engaging video content.

Upsie

Seed Round in 2017
Upsie Technology Inc. specializes in providing a mobile application that simplifies the process of purchasing extended warranties for consumer electronics and appliances. Founded in 2015 and based in Minneapolis, Minnesota, the app allows users to buy warranties for a wide range of products, including TVs, laptops, headphones, home appliances, and cameras. Upsie offers competitive pricing without the high markups typically associated with warranty sales, presenting all coverage options transparently within the app. Users can easily manage their warranties, initiate claims, and even scan barcodes while shopping to view available options for specific items. The app also features a function for photographing and storing receipts, enhancing the user experience by keeping all warranty information organized and accessible.

Local Crate

Convertible Note in 2017
Local Crate is a food and beverage delivery service company.

Inspectorio

Seed Round in 2016
Inspectorio Limited operates a mobile platform designed to guide inspectors through the quality inspection process, primarily focusing on textile and clothing factories in Asia. Founded in 2010 and based in Hong Kong, Inspectorio offers a Software as a Service (SaaS) platform that enhances supply chain collaboration, visibility, and predictive intelligence for brands, retailers, and their suppliers. By digitizing traditional manual and paper-based processes, Inspectorio enables real-time sharing of performance data among all participants in the production chain, facilitating immediate corrective actions. The platform employs machine learning algorithms to predict potential issues and recommend solutions based on historical patterns. As Inspectorio continues to expand its network of production ecosystems, it aims to become the standard for production chain digitization and collaboration, fostering increased participation from production partners.

VidGrid

Pre Seed Round in 2015
VidGrid is an enterprise video platform that focuses on enhancing communication through interactive videos. The platform allows users to record and host videos while incorporating features such as in-video questions and interactive captions. It also offers integrations and a customizable video API, enabling clients to transform traditional video into a two-way conversation. This functionality empowers organizations to capture knowledge, engage with their audience, and effectively manage the flow of information. VidGrid's solutions are designed to support various business sectors, facilitating improved communication and collaboration in areas such as sales, customer success, training, and education.

Vid Grid

Seed Round in 2015
Ilos Videos are a group of 12 full-time employees who work hard and are good friends along the way. ilos is an online screen recording platform that allows you to record, share, and organize your videos in one place. With cloud-storage, ilos is the simplest and fastest way to record your screen and share it with the people who need it.

Hidrate

Seed Round in 2015
Hidrate creates a smart water bottle that tracks users’ hydration over time and syncs with their phones to remind them to drink water. Its objective is to make healthy hydration habits easy and fun. It automatically generates how much water its users should drink per day while reminding them when to drink, and tracks their progress. Hidrate was launched in 2014.

LawnStarter

Convertible Note in 2014
LawnStarter, Inc. is an online marketplace that connects consumers with lawn care professionals to provide a variety of lawn maintenance services. Founded in 2013 and based in Austin, Texas, the company offers essential services such as mowing, edging, and blowing, as well as specialty services like fertilization, aeration, over seeding, and leaf removal. LawnStarter facilitates instant quotes for consumers, allowing them to easily schedule lawn care services from insured professionals. The company's innovative algorithms utilize geolocation data to optimize route density for lawn care providers, enhancing their efficiency and profitability. LawnStarter operates in multiple states, including Florida, Georgia, Maryland, Minnesota, Missouri, North Carolina, Tennessee, Texas, Virginia, and the District of Columbia.

LawnStarter

Pre Seed Round in 2014
LawnStarter, Inc. is an online marketplace that connects consumers with lawn care professionals to provide a variety of lawn maintenance services. Founded in 2013 and based in Austin, Texas, the company offers essential services such as mowing, edging, and blowing, as well as specialty services like fertilization, aeration, over seeding, and leaf removal. LawnStarter facilitates instant quotes for consumers, allowing them to easily schedule lawn care services from insured professionals. The company's innovative algorithms utilize geolocation data to optimize route density for lawn care providers, enhancing their efficiency and profitability. LawnStarter operates in multiple states, including Florida, Georgia, Maryland, Minnesota, Missouri, North Carolina, Tennessee, Texas, Virginia, and the District of Columbia.