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TechStars Chicago’s first class of startups: patient-monitoring, matchmaking and marketing — Tech News and Analysis

Posted on by Brandon Klein

A new class of entrepreneurs is getting ready to take on the Windy City. On Thursday, TechStars Chicago, which was formed earlier this year when the Boulder, Colo.-based TechStars program joined forces with the local Excelerate Labs, announced its first cohort of startups.

Troy Henikoff, the program’s managing director, said the 10 startups were selected from an applicant pool of 904, which was double the size of the applicant pool last year. The 10 companies not only reflect a range of industries, he said, the new cohort is geographically diverse, with just three startups from Chicago and a couple from outside the U.S.

Launched three years ago, Excelerate Labs was led by a group of entrepreneurs and venture capitalists, including Henikoff (founder of SurePayroll), OkCupid founder Sam Yagan, Sandbox Industries’ Nick Rosa and New World Ventures’ Adam Koopersmith. Its 30 companies have raised a total of $30 million, the group said. But teaming up with TechStars elevates the program and gives startups access to a national network of mentors and investors.