Techstars Boulder Announces 2016 Accelerator Class
Techstars has announced the newest group of 11 companies that will be participating in its 2016 Techstars Boulder accelerator program this year. The companies, which range from a Bitcoin company to the maker of a digital wall garden, will present at a demo day on May 18.
Techstars provides a company with $20,000 in funding, mentorship, and other benefits in exchange for a 6 percent equity stake in the startup. The companies also have access to a $100,000 convertible note, which can be converted into equity after future financings.
The 11 new Techstars Boulder companies, as described by Techstars, are:
—Alchemy Learning is a Baltimore-based company that provides communication training by practicing in virtual reality.
— AncestorCloud, based in Provo, UT, connects genealogy researchers with experts worldwide.
—Bridge21, based in Denver, lets Bitcoin wallets buy and sell Bitcoin from inside their wallet.
—Converge Industries, a Boulder-based company, helps insurance inspectors use drones to examine builidings.
—Edn makes an automated, digitally connected in-home wall garden to grow herbs and veggies. The company is based in Denver.
—Free and For Sale, another Boulder company, is a mobile marketplace for buying and selling used goods.
—Init.ai helps companies build “conversation-based” applications with artificial intelligence, natural language processing, and messaging. The company is from New York.
—Maxwell, based in Palo Alto, CA, connects home buyers, realtors, and lenders.
—MeetMindful, also based in Denver, is a dating app that is focused on “the 40 million U.S. singles who are into health, well-being, and mindfulness.”
—Orderly Health aims to help people understand healthcare costs and save money. It is based in Denver.
—Section.io, which has offices in Boulder, London, and Sydney, Australia, is a content delivery tool for Web developers.