Global pre-seed investor Techstars announced the appointment of Andrew Cleland as Chief Investment Officer.
Cleland will oversee Techstars’ Investment and Capital Formation teams. His responsibilities will include providing strategic leadership for the accelerator investment selection process globally, directing Techstars’ fundraising strategy and developing its investment products.
He brings experience as a venture investor, along with years of operational experience at startup companies. He joins Techstars from Comcast Ventures where he was a Managing Director for nine years. There he was 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, where he focused on early-stage media and technology companies.
He is replacing Jason Seats, who will transition to a new role of Senior Fund Advisor. Jason Seats joined Techstars in 2011 as a Managing Director in Texas and has served as CIO since 2018. In the capacity as Senior Fund Advisor, he will provide strategic guidance to Techstars’ Executive Leadership Team while also supporting the firm’s overall fund management and investment strategy. Seats will also continue to engage Techstars’ Limited Partner Advisory Committees.
Founded in 2006 and now led by Maëlle Gavet, Chief Executive Officer, Techstars is an active pre-seed investor having invested through its accelerators in more than 4,000 companies. In 2023, the firm invested in nearly 700 early stage startups through its accelerators and expects to invest in more than 800 in 2024.