Propel(x) - About the company
Propel(x) is a series A company based in San Francisco (United States), founded in 2014 by Swati Chaturvedi. It operates as an Equity crowdfunding/diligence platform for deep technology startups. Propel(x) has raised $7M in funding from investors like Zhen Fund, Franklin Templeton Investments and EvoNexus. The company has 72 active competitors, including 14 funded and 4 that have exited. Its top competitors include companies like StartEngine, Gust and Seedinvest.
Company Details
Propel(x) is an online platform for investing in deep technology startups - companies rooted in a ground-breaking scientific discovery or technological innovation. Each startup is carefully vetted and has a lead investor in place. Only accredited investors can invest through this platform. There are currently no fees for investing via Propel(x). Propel(x) LLCs are pooled investment vehicles which collect funds from several investors into a single Limited Liability Company (LLC). The LLC then invests as a single entity into a single startup. Investors can commit as little as $3000 into each LLC.
- Website
- www.propelx.com/
Key Metrics
Founded Year
2014
Location
San Francisco, United States
Stage
Series A
Total Funding
$7M in 3 rounds
Latest Funding Round
Ranked
4th among 72 active competitors
Employee Count
19 as on May 31, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Propel(x)
Propel(x) is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Propel(x) Inc. CIN: 5336185 , United States, Active | - | 4 (As on Dec 31, 2022) | - |
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Propel(x)'s funding and investors
Propel(x) has raised a total funding of $7M over 3 rounds. Its first funding round was on Jun 01, 2015. Its latest funding round was a Series A round on Jan 16, 2023 for $*****. 1 investor participated in its latest round. Propel(x) has 11 institutional investors.
Here is the list of recent funding rounds of Propel(x):
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 16, 2023 | 7375872 | Series A | 7156080 | 3327430 | 4350378 | 7842607 |
Jul 20, 2020 | 1537606 | Series A | 1854242 | 9748361 | 6313411 | 5626659 |
Jun 01, 2015 | 8848824 | Seed | 5114012 | 7480364 | 6069525 |
View details of Propel(x)'s funding rounds and investors
Propel(x)'s founders and board of directors
Founder? Claim ProfileThe founders of Propel(x) is Swati Chaturvedi.
Here are the details of Propel(x)'s key team members:
- Swati Chaturvedi: CoFounder & CEO of Propel(x). They serve on the board of 1 company.
View details of Propel(x)'s Founder profiles and Board Members
Propel(x)'s employee count trend
Propel(x) has 19 employees as of May 26. Here is Propel(x)'s employee count trend over the years:
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Propel(x)'s Competitors and alternates
Top competitors of Propel(x) include StartEngine, Gust and Seedinvest. Here is the list of Top 10 competitors of Propel(x), ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | StartEngine 2011, Burbank (United States), Series A | Platform that enables users to create, manage, and invest in innovative companies and technologies | $125M | 76/100 | |
2nd | Gust 2004, New York City (United States), Series A | Crowdfunding platform focused on startups | $18.4M | 72/100 | |
3rd | Seedinvest 2012, New York City (United States), Acquired | Equity and revenue-based crowdfunding platform focused on startups | $9.28M | 62/100 | |
4th | Propel(x) 2014, San Francisco (United States), Series A | Equity crowdfunding/diligence platform for deep technology startups | $7M | 54/100 | |
5th | MicroVentures 2009, Austin (United States), Seed | Equity-based crowdfunding platform for startups and private markets | $3.3M | 52/100 | |
6th | NetCapital Systems 2014, Boston (United States), Funding Raised | Equity-based crowdfunding platform for startups | - | 51/100 | |
7th | Equity crowdfunding platform | $1.55M | 44/100 | ||
8th | RedCrow 2015, Mill Valley (United States), Acquired | Online equity crowdfunding platform focused on healthcare and social ventures. | $1.1M | - | 42/100 |
9th | Globevestor 2013, Claymont (United States), Seed | Equity-based crowdfunding platform for startups | $349K | 38/100 | |
10th | VENTURE.co 2015, Burlington (United States), Unfunded | Streamlining alternative investment lifecycle with comprehensive technology and back-office solutions | - | - | 36/100 |
Looking for more details on Propel(x)'s competitors? Click here to see the top ones
Propel(x)'s Investments and acquisitions
Propel(x) has not made any acquisitions yet. Propel(x) has made 16 investments.Here is the list of latest three $investments:
Filter this list
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 11, 2024 | Investments | 2016 | Waterloo (Canada) | |
Jun 30, 2022 | Investments | 2017 | Santa Clara (United States) | |
Apr 19, 2022 | Investments | 2015 | Brooklyn (United States) |
See all investments by Propel(x)
Reports related to Propel(x)
Here is the latest report on Propel(x)'s sector:
News related to Propel(x)
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Beamery closes £41.5m Series D funding roundBusiness Leader•Jan 03, 2023•Beamery, Ontario Teachers' Pension Plan, Propel(x)
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TaskHuman Raises $20M in Series B FundingFinSMEs•Jul 21, 2022•TaskHuman, Madrona, Impact Venture Capital, RingCentral and 6 others
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Wellness tech startup TaskHuman bags $20M Series B funding to provide real-time digital coachingTechStartups.com•Jun 30, 2022•TaskHuman, Propel(x), Madrona, Gaingels and 6 others
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Blockchain Developer BlockApps Raises $41MPYMNTS.com•Apr 20, 2022•BlockApps, Liberty City Ventures, Morgan Creek Capital Management, Instreamatic and 10 others
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Liatris Raises $1M in Seed FundingFinSMEs•Jul 30, 2021•Liatris, USM, Old Line Capital Partners, Propel(x)
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Propel(x) raises $5.5M in funding for its online investment platform that connects science and tech startups with investorsTechStartups.com•Jul 20, 2020•Propel(x), Franklin Templeton Investments, Frees Fund, Sky Saga Capital and 4 others
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Aperiomics Closes $1.8M Series A Funding RoundFinSMEs•Aug 22, 2019•Aperiomics, VentureSouth, Pipeline Angels, Propel(x)
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