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Startup Accelerator Techstars Raises $150 Million Fund

Techstars, the well-known startup accelerator, has raised a new, $150 million investment fund intended for seed and Series A investments. Techstars founder David Cohen wrote in a blog post Wednesday that the fund will aim to invest in startups from its own accelerator program, as well as startups and alumni from previous classes. This is Techstars’ third fund; the accelerator started investing in startups in 2009 after launching its first program in 2007.

This article originally appeared on Recode.net.