Techstars Update - December 2022
Dec 28, 2022
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:
209 new investments
2 partner deals
2 portco acquisitions
8 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.
New portcos
Techstars has invested in 209 companies through 18 programs in the past month. Each program has selected 10-12 companies as part of this term’s cohort, bringing our total portfolio to 3,602 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:
ABN AMRO & Techstars Future of Finance Accelerator:
31Third Protocol | Beyond Equity | CloudPal | Corgee | EthicsGrade | flowpay.io | Lendorse | Porthos & Co | THX Network | Valuecometrics
Techstars Alabama EnergyTech Accelerator:
Ecolytics | Eneryield | Hop In Technologies | Idyllo | Latimer Controls | MS Chemical | Shipshape Urban Farms | Solar Unsoiled | VCP | WHYGRENE
Techstars Atlanta powered by J.P. Morgan:
Aspen Apothecary | Bhala AI | Buzzbassador | DiversiBoard | Friendly Shoes | LyRise | Neufluence | Private Packs | RemoteCoach | Retavo | Super Bloom Bakery | tychon
Techstars Austin Accelerator:
Bob's Containers | haulsale | Kabila | Kouo | Leadvolt | OutAt | PettyGigs | Qoncert | Sequense | ShowingHero | Sway Home | Xodus Technologies
Techstars Berlin Accelerator:
Carwyze | DLT Software | EnCo - Energia Collettiva | Fenyx | hexafarms | Inkdrop.ai | muffintech GmbH | Resonance UG | Riverse | Telekinesis.ai | Trudenty | VOIDS | Wonderbox Labs
Build in Tulsa Techstars Accelerator:
CASSIE | Groovv | human | KEXY | Lerch | NGHBR | Plannly | Shopl | SocialPreneur Lab | SquadTrip | Weku | Workbnb
Techstars Chicago powered by J.P. Morgan:
Activated Scale | Clickvoyant | Daedalus Technologies | dev-docs | Globowl | Leagueswype | Parkster.ai | Pay4Me App | SMART Charts | STIGMA | TasteMedia | XpressRun
Comcast NBCUniversal LIFT Labs Accelerator, Powered by Techstars:
Collectiv.TV | EINO | Foto Visura | Imaginario.ai | Kosmi | KYD Labs | LLUNA | mtion interactive | Neon Wild | NNext Co. | Parallux | Team Fade
Techstars Detroit powered by J.P. Morgan:
BOXX | Capsa Technology | Gildform | Good & Well Brands | LearnHaus | Locus Mobility | Opnr | Peadbo | Pluck.eco | Socian Technologies | SQOR.io | Tour
Techstars London Accelerator:
BoxxDocks | Don't Shop, Swap LTD | Fyyne | Gravel AI | Harp Health | Kestrl: Muslim Money App | Kitchenswaps | Matutto | Motics Technologies Ltd | Re-Style | Verve | Zephframe
Techstars Los Angeles Accelerator:
Additive Space Technologies | Bevz | Canopy Aerospace | Charter Space | dopl technologies | Fenix Space | In Orbit Aerospace | Infiltron Software Suite & Application | Liberate | Relish Life | Rotender | WingXpand
Techstars Miami powered by J.P. Morgan:
Aerialoop | Allison | Docokids | Fathouse | FynOps | Medscrape | Mimedik | Official | Second Degree | Talisman+ | Topset Learning | Vaale
Paris Sustainability Techstars Accelerator:
canB - impact neobank | egreen Limited | Energy Shift | Gammanics Ltd. | Hydroquo+ | Kudoti | LISUS Technologies | Nyungu Afrika | RAZ | The Retouch | Trilleco | WINIM
Techstars Physical Health Fort Worth Accelerator:
Articulate Labs | BOOMROOM Fitness | GoManda | Neurofit VR | Pulsewave | Recovr Health | Stabl | STRAFFR | Wellest | ZAMA Health
The Roux Institute Techstars Accelerator:
ByDesign | CICLA 3D | Cypress Health | hey freya | HotDrop | Pointz | ReVert Technologies | The PS Collective | Torque | Virtual Sapiens
Stockholm Techstars Accelerator:
Ankra | Boldr | Five Letter Foods | goscore | Maygia | Olpay | Reeler | Roomkast | Swiftly | TerraWaste | Watson | WiseDrive
Techstars Toronto Accelerator:
Ever.ca | FEZ Delivery Co. | GIGXPAD | Glover Technologies | Klas | LaborHack | Mamy Eyewear | Raenest | Renda Limited | Simpu | Speak Ai | StageKeep
Techstars Washington DC powered by J.P. Morgan:
ALIVE Podcast Network | Beepboop | CarpeDM Dating | Cerebro NeuroTech | Clymb | EQLAB | K'ept Health | Navina | Poly Platform | Right Hear | University Startups | Wellthi
New 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. Meet the newest partners supporting Techstars founders:
Bolster Partners with Techstars
Bolster partners with Techstars to transform early-stage startups through unique access to experienced leaders.
“We’re thrilled to partner with Techstars,” said Jenny Lawton, EVP of Bolster. “As entrepreneurs ourselves, we've faced the challenge of finding the right talent for the right roles at the right time. We know firsthand the incredible impact the right leaders, advisors, and board members can have on the long-term success of a startup.”
Brex Partners with Techstars to Accelerate Growth for Early-Stage Founders
Brex has joined Techstars’ global network of partners and will offer aspiring founders and early-stage entrepreneurs exclusive resources to help them scale their businesses.
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.
Applications opening
Learn more about our 3-month accelerators where founders gain funding, mentorship, and access to the Techstars network for life. The following programs have applications opening soon:
Techstars Atlanta Powered by Cox Enterprises
Applications Open: January 9, 2023
Applications Open: January 9, 2023
Techstars Farm to Fork Accelerator
Applications Open: January 9, 2023
Applications Open: January 9, 2023
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:
Stockholm Techstars Accelerator
January 12, 2023 | 10:00 AM - 11:00 AM PST | Stonks
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. Check out the latest Founder Catalyst events:
JETRO x Techstars Startup City Acceleration Program-Global Scale Pitch Day
January 12, 2023 | 9:00 AM JST
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 around the world. See our January events below:
Techstars Startup Weekend Retail Fortaleza
January 13-15, 2023 | 6:00 PM -03
Techstars Startup Weekend Benin City
January 20-22, 2023 | 2:00 PM WAT
Techstars Startup Weekend Gaborone
January 26-28, 2023 | 8:00 AM GMT
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:
Goal Setting: How to Start the Year Right
January 10, 2023 | 11:00 AM PST | Crowdcast
January 24, 2023 | 12:00 PM MT | Crowdcast
Techstars Industries of the Future | Applications Closing AMA
January 30, 2023 | 9:30 AM PST | Crowdcast
Industry events
Techstars staff attend many prominent industry events, including:
January 5-8, 2023 | Las Vegas, Nevada
Opportunity
The Techstars worldwide network helps entrepreneurs succeed. Check out the latest exit and funding news from the Techstars portfolio:
Portco exits
Think Outside (Smart Mobility 2020), a technology startup developing innovative products for the outdoor and hydropower markets, was acquired by Mitta Group.
Ionic (Cloud 2013), a widely used platform for building mobile and desktop web applications, was acquired by OutSystems.
Portco funding
MadKudu (Techstars Boulder 2015), the product-led growth platform using data to optimize go-to-market campaigns, closes out $18M in Series A funding.
Freight Farms (Techstars Boston 2013), the world's leading manufacturer of container farms, claims a $17.5M Series B funding round.
Wib (Barclays Tel-Aviv 2019), an Israel-based cybersecurity startup, raises $16M in funding.
Orda (Techstars Boulder 2022), a Nigerian-based food tech startup, reaches $4.5M in total funding after closing their pre-seed round.
Options MD (United Healthcare 2020), the LA-based telehealth startup providing care for treatment-resistant depression, collects $3.8M pre-seed funding.
Treet (Techstars Anywhere 2017), a branded resale platform helping brands drive long-term value and become more sustainable, raises $3.5M in seed funding.
WorkTorch (Techstars Iowa 2021), an HR career discovery platform, raises a $2.2M seed round.
Volteum (Smart Mobility 2022), the fleet optimization startup for electric vehicles, successfully raises €1.25M in seed funding.
Other news
Techstars CEO Maelle Gavet on Masters of Scale Podcast: “Don’t be a Unicorn, Be a Dragon”
Crunchbase News, Most Active US Investors In November: Techstars And Gaingels Lead The Way As Growth Giants Are MIA, Dec. 14, 2022