Techstars is launching a new pre-accelerator pre-seed fund for various entrepreneurs
Tech Starsa global investment firm that provides access to capital, one-on-one mentoring and personalized programming for early-stage entrepreneurs, has closed a new pre-seed fund that will invest in underrepresented founders of color in the United States
Major investors in Rising Stars include Twitter and Amazon, as well as other corporate and individual investors.
Led by Neal Sales-Griffin, Managing Director of Techstars Chicago, Rising Stars will support Black, Hispanic and Latino American, Native American, Native American or Alaska Native, Native Hawaiian or other Pacific Islander, and Filipino, Hmong and Asian American entrepreneurs Vietnamese through $100,000 pre-seed investments, access to the wider Techstars network, and early consideration for accelerator participation. It will generate investment by leveraging Techstars’ extensive community presence across the United States as well as its accelerator application pipeline where over 30,000 applications are received per year.
Rising Stars will allow Techstars to invest in founders from the earliest stages of their entrepreneurial journey and identify future candidates for the company’s 50+ accelerators globally.
Founded in 2006, Techstars has invested in over 3,000 companies with a combined market cap of over $172 billion.