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.

Focus

Pre Seed Round Seed Round Artificial Intelligence Machine Learning Series A Show more

http://techstars.com/ventures

https://crunchbase.com/organization/techstars

https://facebook.com/techstars

https://linkedin.com/company/techstars

https://twitter.com/techstars

https://www.capitaliq.com/CIQDotNet/company.aspx?companyId=431767203

https://www.privateequityinternational.com/database/#/profile?id=14977

Ethan Austin

MD of the Techstars Western Union Accelerator

Mark Tortorella

Advisor

Nathanial Zola

MD

Past deals in West Africa

Cowtribe

Seed Round in 2019

Cowtribe Technology Limited provides animal vaccine delivery services to farmers in Ghana. The company offers a mobile application for farmers that lets the to subscribe and provide all relevant animal information. It provides cloud based logistics management system that tracks the health statistics of each animal, remind the farmers when it is time for their animals to receive services, and manages delivery of vaccines to the farmers. Cowtribe Technology Limited was founded in 2016 and is based in Tamale, Ghana.

Wella Health

Pre Seed Round in 2019

Wellahealth is a startup that has developed a digital triage bot that provides guidance based on Nigeria Centre for Disease Control guidelines and logs responses for follow up by public health as needed.

Asoriba

Seed Round in 2016

Asoriba Inc. develops a Web based church management software solution. Its church management software allows administrators to capture detailed church member information, and leader and church operations; and members to give tithes, offerings, and pledges to the church. The company also develops a mobile application that enables church members to receive devotionals, sermons, event notices, and other relevant information, as well as to send prayer requests to their pastor. Asoriba Inc. was founded in 2014 and is headquartered in Accra, Ghana.

BenBen

Seed Round in 2016

BenBen is a team of motivated engineers and innovators dedicated to improving Government Technology in Ghana. With their current focus on Land & Property Management , They aim to create a secured land title registration system and citizen payment portal that will bring Ghana to the forefront of land investment and govtech innovation and serve as a model for the rest of the world.

MAX

Seed Round in 2015

Metro Africa Xpress, also known as MAX.ng, is a Lagos-based company that specializes in on-demand package pickup and delivery services. Incorporated in 2015, MAX.ng offers various delivery options including same day, three-hour, and next day services. The company addresses last-mile delivery challenges by utilizing mobile and web platforms to connect consumers, retail businesses, and independent drivers in real-time. By streamlining logistics and leveraging technology, MAX.ng aims to enhance the capabilities of retail businesses in Africa, facilitating growth and improving service delivery in the region. Additionally, the company provides a mobile application that integrates delivery services with ride-hailing options, further enhancing convenience for its users.