Techstars names new Chief Investment Officer
Andrew Cleland joins the Boulder-based organization after stints with Comcast Ventures and Time Warner Investments.
Techstars, the most active pre-seed investor in the world, has announced the appointment of Andrew Cleland as Chief Investment Officer. He is replacing Jason Seats, who will transition to a new role of Senior Fund Advisor.
Cleland will oversee Techstars’ Investment and Capital Formation teams, providing strategic leadership for the accelerator investment selection process globally, directing Techstars’ fundraising strategy, and developing its investment products. In 2023, Techstars invested in nearly 700 early stage start-ups through its accelerators and expects to invest in more than 800 in 2024. That would include the 10 expected to join Cohort 3 of the “Techstars Industries of the Future Accelerator” that launches March 11 in Knoxville.
Cleland joins Techstars from Comcast Ventures (CV) where he was a Managing Director for nine years, responsible for leading CV’s East Coast office’s investment strategy, while also establishing CV’s Enterprise Seed Investment and Entrepreneur-in-Residence programs. Previously, he was Managing Director of Investments at Time Warner Investments, focusing on early stage media and technology companies.