TechStars, an incubator and network of start-ups, has secured $24 million in venture capital financing, AltAssets reports. Venture capital firms Foundry Group, IA Ventures, Avalon Ventures, RRE Ventures and Right Side Capital Management were among those providing the funding. The funding will be used to offer an additional $100,000 in the form of a convertible note to every single new TechStars company immediately upon acceptance into the network. The company is already funded by more than 75 venture funds and angel investors.
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