Propel VC

company

About

Propel is investing in the new financial economy.

Details

Industries
Cryptocurrency,Financial Services,FinTech,Insurance,InsurTech,Venture Capital
Founded date
Feb 1, 2016
Number Of Employee
1 - 10
Operating Status
Active
Investor Type
Venture Capital

Propel is a venture capital firm investing in the new financial economy. They focus on the web3 and fintech sectors in the US and Latin America.

Propel has partnered with web3 companies like Coinbase, Brave, Lemon Cash, and fintech companies such as Hippo, Guideline, and Neon. Additionally, they have backed web3 emerging managers such as Haun Ventures, 1confirmation, Hack VC, and Volt Capital. This helps with partnerships, follow-on investments, and increases their exposure to the space.

The firm was founded in 2016, and the team is distributed across San Francisco Bay Area, Los Angeles, Miami, and New York.

Investments

Number of Investments
Number of Lead Investments
56
18
Propel VC has made 56 investments. Their most recent investment was on Apr 4, 2022, when Truora raised $15M.
Date Company Name
Round Money Raised Industry Lead Investor
Apr 4, 2022 Truora
Series A $15M Developer Platform Yes
Mar 15, 2022 Kamino
Pre-seed $6.10M Financial Services
Mar 10, 2022 Chipper
Seed $5.60M Financial Services Yes
Feb 14, 2022 Neon
Series D $300M Banking Yes
Jan 24, 2022 ScanPay
Seed Financial Services

Employee Profiles

Number of Employee Profiles
2
Propel VC has 2 current employee profiles, including Executive David Mort
Executive
Executive

Exits

Propel VC has had 10 exits. Propel VC most notable exits include Embed Financial Technologies ,   Taulia

Date Company Name Exit Type Industry
Jun 21, 2022 Embed Financial Technologies M&A Developer APIs Detail
Jan 27, 2022 Taulia M&A Enterprise Software Detail
Nov 16, 2021 TravelBank M&A Accounting Detail
Aug 16, 2021 Charlie Finance Co. M&A Finance Detail
Jul 27, 2021 datasine M&A Artificial Intelligence Detail