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 Insurance Brokers

Openly

Series C in 2022

Openly Inc. is a technology-enabled insurance provider that specializes in homeowners insurance, catering to customers through independent agents. Founded in 2017 and headquartered in Boston, Massachusetts, with an additional office in Chicago, the company leverages technology and industry expertise to deliver comprehensive insurance coverage. Openly's offerings include protection for the structure of the building, walls, roof, and attached fixtures. The company focuses on providing a simplified quoting process, aiming to enhance the overall insurance experience for its customers.

InsureTax

Pre Seed Round in 2021

InsureTax specializes in the prediction and hedging of financial risks that focus on tax liabilities and issuing tax policies. It protects businesses and individuals from any uncertain tax exposure in their tax filing and guarantees the tax filing result.

Buddy

Pre Seed Round in 2018

Buddy Technology, Inc. provides insurance brokerage services. It offers health and accidental insurance plans to customers who are involved in risky outdoor activities. The company also operates an online platform to provide the insurance plans and interact with customers. Buddy Technology, Inc. was founded in 2017 and is based in Richmond, Virginia.

Aligned Biz

Pre Seed Round in 2018

Aligned Business has built and launched Origami, an end-to-end insurance platform that allows insurance companies and their distribution networks to fast configure on-demand digital insurance products in any language - changing today's costly and slow insurance product to market processes and delivering rapid digital transformation for insurance entities that operate multiline insurance products across geographic markets.

Converge

Seed Round in 2018

Converge Industries, Co. enables insurance inspectors to fly drones to inspect buildings. The company was founded in 2015 and is based in Boulder, Colorado.

Openly

Seed Round in 2018

Felix

Pre Seed Round in 2018

Felix is a B2B SaaS platform to seamlessly connect insurers, intermediaries and their consumers to the insurance ecosystem. Their platform will allow traditional brokers to focus on their key strengths like product knowledge and underwriting whilst simultaneously delivering to their customers a digital experience that surpasses the experience offered by today’s online incumbents.

acuteIQ

Convertible Note in 2016

acuteIQ provides data and customer acquisition technology solutions for action sports and financial services brands, and media companies. It offers BROKER IQ, an auction platform for loan brokers and bank loan officers that predicts merchants for enterprise loans; and LENDER IQ, a solution for non-bank and bank lenders that originates pre-qualified deal flow delivered to a lender’s web site. The company was founded in 2014 and is based in Tiburon, California with an additional location in New York, New York.

acuteIQ

Seed Round in 2016

Converge

Pre Seed Round in 2016

Converge Industries, Co. enables insurance inspectors to fly drones to inspect buildings. The company was founded in 2015 and is based in Boulder, Colorado.