Sprint Accelerator
Description
Sprint Accelerator, powered by Techstars, was a prominent startup accelerator program based in Kansas City, Missouri. Launched in 2014, it represented a strategic collaboration between the telecommunications giant Sprint and the renowned global accelerator network, Techstars. The program's primary focus was on fostering innovation in areas such as mobile health, smart living, and other connected technologies, leveraging Sprint's extensive network and resources.
Operating on the well-established Techstars model, Sprint Accelerator offered participating startups a comprehensive 13-week program. This included intensive mentorship from industry experts, access to a vast network of entrepreneurs and investors, and critical business development resources. A cornerstone of its offering was the initial investment provided to each accepted company. Typically, this involved a direct cash investment of $20,000 in exchange for a 6% equity stake, alongside an optional $100,000 convertible note, bringing the total potential initial funding to $120,000.
The accelerator played a significant role in the Kansas City startup ecosystem, attracting promising early-stage companies from across the globe and providing them with the capital and guidance needed to scale. It aimed to identify and nurture disruptive technologies that could potentially integrate with Sprint's future services or enhance the broader connected world. While the specific Sprint Accelerator program concluded following Sprint's merger with T-Mobile, its legacy as an investor and catalyst for innovation in mobile and connected tech remains notable.
Investor Profile
Sprint Accelerator has backed more than 32 startups, with 0 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 4 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Pre Seed, Debt Financing rounds (top funding stages).
- Majority of deals are located in United States, France.
- Strong thematic focus on Health Care, Software, Mobile.
- Typical check size: $20K – $120K.
Stage Focus
- Seed (72%)
- Pre Seed (22%)
- Debt Financing (6%)
Country Focus
- United States (97%)
- France (3%)
Industry Focus
- Health Care
- Software
- Mobile
- Mhealth
- Medical
- Consumer Electronics
- Apps
- Fitness
- Wellness
- Pet
Frequently Asked Questions
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