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

Mark Tortorella

Advisor

Nathanial Zola

MD

Past deals in Construction and Engineering

General Systems

Pre Seed Round in 2021
General Systems is a robotics company specializing in construction technology. It develops autonomous robots designed to mechanize building construction processes, focusing on improving workforce productivity and safety. The company's solutions include AI-driven smart machines that automate labor-intensive activities and a material haulier machine for transporting heavy loads on construction sites. These innovations significantly enhance masonry productivity—reportedly achieving tenfold increases—and reduce masonry man-hours by at least fifty percent. By streamlining operations and minimizing the risk of worker injuries, General Systems aims to provide construction companies with efficient and reliable solutions for building masonry.