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Techstars in Boulder has set up a new venture capital fund to expand its presence in Austin, Texas.

The Boulder-based small business accelerator raised a total of $6.7 million, according to SEC filings on Oct. 19.

The funds will be used for a new accelerator geared toward companies solving social or environmental problems through tech. The newest program, called  Techstars Impact Accelerator, is launching in Austin, where the firm has had a presence since 2013.

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