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Techstars Update - August 2023

Aug 30, 2023

Capital + Programs + Connection = Opportunity

Techstars connects unstoppable founders, wherever they are, with capital, programs, and connections to open up opportunities. See what we've been up to this month!

In review:
24 new investments
10 portcos closing funding rounds

Capital

Each year we choose more than 500 early-stage companies to join one of our 3-month, mentorship-driven accelerators, investing $120K and providing hands-on mentorship and access to the Techstars network for life. Check out the latest companies graduating from our programs and the partners who support them.

Portcos

Techstars has invested in 24 companies through 2 programs in the past month. Each program has selected 12 companies as part of this term’s cohort, bringing our total portfolio to 3,736 companies. Since 2006, our founder-first philosophy has connected us with startups across a range of verticals, linking them to a network of successful mentors and partners. Meet the latest Techstars portfolio companies:

Build in Tulsa Techstars Accelerator

Techstars Sports Accelerator Powered by Indy

Partners

Our mission is to enable everyone to contribute to and benefit from, entrepreneurs’ success. By connecting entrepreneurs with corporations and organizations around the globe, we can drive innovation and solve the world’s largest problems.

Programs

Techstars accelerators have one goal: to help entrepreneurs succeed. We believe that great entrepreneurs and startups are everywhere but opportunity is not evenly distributed, which is why we continue to launch programs around the world.

During each three-month program, we surround companies with the best mentors and an unrivaled network of corporate partners, investors, and alumni. We provide funding and fundraising opportunities, workshops, and curated resources, not to mention countless moments where you can learn from your peers. It’s a proven model that’s helped build thousands of successful companies, all over the world.

Demo Days

Techstars accelerator programs culminate with a celebration at Demo Day. This is each company’s chance to show the world how much progress they’ve made in just a few short months. Investors can learn more about our latest investments and portfolio companies by registering for a Techstars program’s live virtual or in-person Demo Day event here.

Connection

Events & Pre-Accelerator Activity

We believe that while people and ideas are equally distributed, opportunity and resources are not. That’s why we are committed to increasing access to entrepreneurship. All over the world. Connect with Techstars at the following events.

Founder Catalyst programs

Founder Catalyst is a pre-accelerator program providing early-stage entrepreneurs with invaluable startup education and mentorship. This part-time, primarily virtual experience is perfectly suited for founders looking to hone their entrepreneurial skills, better understand their target customers, and dig deeply into refining the solutions they are offering the world.

To learn more about Founder Catalyst, click here.

Startup Weekend events

Startup Weekend is a three-day program where aspiring entrepreneurs can experience startup life in hundreds of cities worldwide. See our September events below:

Techstars Startup Weekend Social Innovation Dublin Online

September 1-3 | Online

Techstars Startup Weekend Turistech Balneário Camboriú

September 1-3 | Balneario Camboriu

Techstars Startup Weekend AI Mexico City

September 8-10 | Mexico City

Techstars Startup Weekend Ijui

September 8-10 | Ijui

Techstars Startup Weekend Davao City

September 15-17 | Davao City

Techstars Startup Weekend Posadas

September 15-17 | Posadas

Techstars Startup Weekend Women Xanxerê

September 15-17 | Xanxere

Techstars Startup Week St. Louis

September 18-22 | St. Louis

Techstars Startup Weekend AI Faisalabad

September 22-24 | Faisalabad, Pakistan

Techstars Startup Weekend Boston

September 22-24 | Boston

Techstars Startup Weekend Energy Sao Paulo

September 22-24 | Sao Paulo

Techstars Startup Weekend Dallas

September 29-October 1 | Dallas

Techstars Startup Weekend Garopaba

September 29-October 1 | Garopaba

Techstars Startup Weekend Guayaquil

September 29-October 1 | Guayaquil

Techstars Startup Weekend Zaragoza

September 29-October 1 | Zaragoza, Spain

For a full list of upcoming Techstars Community events, click here.

Virtual events

Techstars hosts a variety of virtual events throughout the year for entrepreneurs. View our upcoming events below:

Untold Stories: Founder Failures

September 6 | 1 pm PT

Join us for Untold Stories: Founder Failures Panel, an event where founders discuss how setbacks have shaped their entrepreneurial journeys.

The Power of a Great Financial Model

September 27 | 8 am PT

Learn how a great financial model can help you raise capital, hit growth targets, and avoid running out of cash.

Industry events

Techstars staff attend many prominent industry events, including:

Web Summit

November 13-16 | Lisbon

Opportunity

The Techstars worldwide network helps entrepreneurs succeed. Check out exit and funding news from the Techstars portfolio during the month of August.

Portco funding

ClassWallet (Kaplan 2014), the digital wallet technology platform for federal state and local education and government agencies, closes a $95M funding round to reshape the way government agencies do business.

One Model (Techstars Austin 2015), a talent analytics platform for HR departments, lands $41M in funding to bring data powered insights to HR.

Anytype (Techstars Berlin 2019), a unified user-interface for Web3.0, raises $13.4M in funding to promote digital freedom.

Niricson (Arcadis City of 2030 Accelerator 2020), an AI-back digital infrastructure assessment platform, raises over $10M CAD in Series A funding.

ConverSight (Farm to Fork 2019), a unified decision intelligence solution provider, raises $9M in Series A funding.

Venture (United Healthcare powered by Techstars 2021), the benefits marketplace for independent workers, raises $7M to boost health insurance options.

Birdstop (Alabama Energytech 2021), the drone network operator, closes $2.3M in new funding.

InSeam (Techstars NYC 2022), the personal stylist platform, collects $2M in funding.

Whitebalance (Minnesota Twins 2021), an audio AI company that protects content producers from copyright violations, raises $1.5M in funding.

OnEx (Riyadh 2021), the medical manufacturer portal for finding distributors, raises $1.2M in a pre-seed funding round.