Techstars Seattle Reveals Latest Classes and CEO Talks About Pros and Cons of Virtual Startup Accelerator

(Techstars image)

Part of the appeal of the operating accelerator is the ability to communicate with startups and founders; Meet investors and mentors; And the same random collisions that can occur in physical events and other encounters.

But becoming virtual has actually benefited in some ways for Techstars Seattle, which has just announced its latest group.

Isaac Kato. (Techstars Photo)

The accelerator ran its 2020 lesson, extremely remote, and used lessons learned in the 2021 class, which begins a few weeks earlier to help people connect virtually.

Everyone misses the “quick fraternity that is quickly created when we are personal,” said Seattle Techstars CEO Isaac Cato. But participants also get interesting compromises with the virtual accelerator. Said Kato.

Another advantage: information for investors.

“We found that the long-distance run did not hurt our companies’ chances of raising money – the class last year managed to raise quite a bit of capital even though it finished the teeth of the COVID beast,” Kato said. “If at all, our virtual investor facing activities has driven a wider array of investors to look at our companies.”

The rate this year, the 12th since 2010, stands out as it is the first time Techstars Seattle has achieved a gendered partnership within a group, with five male CEOs and five CEOs.

“We are proud to play a role in driving the technology industry towards more gender and racial equality,” Kato said.

Techstars Seattle has completed 100 companies to date. The organization’s graduates – companies such as Rmitley, Outreach, Skilljar, Bizible, Leanplum and Zipline – together raised more than $ 1 billion in investment capital. Most of them have built their start-ups in the northwestern Pacific, helping to expand entrepreneurial activity in the area.

Techstars Seattle is part of a larger Techstars network that includes 50 programs worldwide and also includes a Techstars venture capital fund and a startup studio model.

Members of the 12th Cohort come from a variety of industries, from education to enterprise software to e-commerce. Here are the 10 startups, with descriptions from each company:

  • Afriblocks: The World Independent Market of Pan-Africa.
  • Reception and Career Assistance Platform.
  • Bild: Collaborate with your manufacturers in real time.
  • Alliance: We empower communities to teach life skills to children through STEM
  • Edit: On board your new engineers, instantly.
  • Edith Labs: Building Relationships Driven by Stock Investments.
  • Pairtree: Modernization of adoption.
  • Set up the app: Buy and sell from your digital closet.
  • Folklore: Folklore is a distributor of luxury African designer products.
  • Twelve Labs: Semantic search for context-aware AI videos