About Propel Venture Partners
Propel Venture Partners is a venture capital firm founded in 2016. It is primarily based out of San Francisco, United States. As of Apr 2026, Propel Venture Partners is an active investor, having invested in 57 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Seed round of BOND Overall, Propel Venture Partners portfolio has seen 1 unicorn, 4 IPOs and 12 acquisitions including key companies like Groww, DocuSign and Coinbase. A lot of funds co-invest with Propel Venture Partners, with names like Clocktower Ventures sharing a substantial percentage of its portfolio. Propel Venture Partners has team of 3 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Propel Venture Partners' List of Top Investments
Propel Venture Partners has a portfolio of 57 companies, one of which is a Unicorn. Their most notable investments are in Brave and Truora.Their portfolio spans across United States, Brazil, United Kingdom and 6 more locations. They have invested in Enterprise Applications, FinTech, Retail and 13 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Propel Venture Partners:1. Groww
Provider of an online platform for investments and trading services. The platform facilitates stock, exchange-traded fund, and initial public offering investments with order tracking. It offers tools for intraday monitoring, futures and options trading, and commodities trading. The platform also provides access to direct mutual funds, new fund offers, and mutual fund screeners.
Key facts about Groww
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $596M
- Employee Count: 1,495 as on Mar 31, 2025
- Investors: GIC, Lone Pine Capital and 24 Others
- Latest Funding Round: Series F, Jun 13, 2025, $*****
- Highlight: Public
2. DocuSign
Provider of electronic signature and intelligent agreement management platform solutions. The platform offers tools for contract lifecycle management, agreement preparation, and agreement workflow automation. It provides features such as electronic notarization, web forms, and multi-channel delivery options. The platform extends its capabilities through integrations, APIs, and a mobile application.
Key facts about DocuSign
- Founded Year: 2003
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 8,433 as on May 31, 2026
- Investors: HTIF, Glynn Capital and 90 Others
- Latest Funding Round: Post IPO, Jul 20, 2020, $*****
- Highlight: Public
3. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,411 as on May 31, 2026
- Investors: TrueBridge, Vibhu Venture Partners and 147 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
4. Prosper
Prosper is a peer-to-peer lending marketplace. Prosper allows people to invest in each other in a way that is financially and socially rewarding. Borrowers list loan requests between $2,000 and $35,000 and individual lenders can invest as little as $25 in each loan listing they select. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors. It also offers personal loans for business purposes. It has disbursed more than $5B in loans as of February 2016. Its investors include investors include Sequoia Capital, BlackRock, Institutional Venture Partners, and Credit Suisse NEXT Fund.
Key facts about Prosper
- Founded Year: 2005
- Location: San Francisco (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $414M
- Employee Count: 474 as on May 31, 2026
- Investors: Meritech, EG Capital Advisors and 48 Others
- Latest Funding Round: Conventional Debt, Nov 17, 2022, $*****
- Highlight: Editors' Pick
5. Neon
Provider of an online bank for consumers. Its services include deposit accounts, money transfers, bill payments, NFC-enabled debit cards for online/offline purchases, and cash withdrawals. It offers an app-based platform that is available on iOS and Android stores.
Key facts about Neon
Propel Venture Partners' Year-on-Year Investment Trends
Propel Venture Partners has invested in 57 companies over the last 10 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in BOND and most recent follow-on round was in Cavela.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 1 | 4 |
2024 | 4 | 0 | 4 |
2023 | 2 | 0 | 2 |
2022 | 7 | 1 | 8 |
2021 | 1 | 5 | 6 |
2020 | 3 | 7 | 10 |
2019 | 7 | 2 | 9 |
2018 | 4 | 1 | 5 |
2017 | 3 | 1 | 4 |
Propel Venture Partners' Investments by Stage
Propel Venture Partners has made 18 investments in Seed stage with an average round size of $5.62M, 16 investments in Series A stage with an average round size of $9.76M, 5 investments in Series B stage with an average round size of $27.5M and 1 investment in Series D stage with an average round size of $200M.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
Series A | 16 |
Series B | 5 |
Series D | 1 |
Note: We have considered here, only first round of investments
Propel Venture Partners' Investments by Sector
Propel Venture Partners has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Vertical SaaS, InsurTech and Blockchain Technology. Notably, it has invested in 56 Tech companies, 40 Enterprise (B2B) companies, 36 Software companies and at least 27 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 27 |
Enterprise Applications | 24 |
Vertical SaaS | 8 |
InsurTech | 6 |
Blockchain Technology | 4 |
Others | 29 |
Note: We have considered here, only first round of investments
Propel Venture Partners' Investments by Geography
Propel Venture Partners has made most investments in United States (27), followed by Brazil where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 27 |
Brazil | 4 |
United Kingdom | 3 |
Chile | 1 |
Colombia | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Propel Venture Partners' recent investments
Propel Venture Partners has made 1 investments in 2026 so far - BOND.Here are the most recent investments by Propel Venture Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 17, 2026 | - | Seed | 6889 | [+3] | |
Dec 09, 2025 | United States | Seed | 2414 | [+5] | |
Nov 26, 2025 | United States | Seed | 9583 | [+5] | |
Nov 19, 2025 | United States | Seed | 4144 | [+3] | |
Feb 13, 2025 | United States | Seed | 4143 |
Unicorns in Propel Venture Partners' Portfolio
Propel Venture Partners has 1 unicorn in its portfolio - Neon. The most recent unicorn in their portfolio is Neon which became a unicorn in 2022, 3 years after Propel Venture Partners first invested in it.Here is a list of unicorns in Propel Venture Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Provider of an online bank for consumers | 2016 | Sao Paulo | Series E | y{eprij |
IPOs and Publicly Listed companies in Propel Venture Partners' Portfolio
4 of Propel Venture Partners' portfolio companies have become public. Groww got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2025 at marketcap of $6.97B and Coinbase got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $28.7B.Here are Propel Venture Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 12, 2025 | Jan 23, 2019 | Series A | 4218 | |
Apr 14, 2021 | - | - | 1182 | |
Jan 15, 2021 | Dec 14, 2016 | Series A | 4566 | |
Apr 27, 2018 | - | - | 9155 |
Acquired companies in Propel Venture Partners' Portfolio
12 companies from Propel Venture Partners' portfolio have been acquired. The most recent acquisition was Kasisto Tech in Jun 2026 by Backbase for $*****.Here are Propel Venture Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2026 | Jan 06, 2017 | Series A | 2267 | |
Jun 02, 2026 | - | - | 5276 | |
Dec 10, 2025 | Apr 12, 2022 | Series D | 2073 | |
Aug 27, 2025 | Jul 19, 2016 | Series A | 5213 | |
Apr 04, 2023 | Mar 19, 2019 | Series B | 1028 |
Team profile of Propel Venture Partners
Propel Venture Partners has a team of 3 members including 1 Partner and 1 Principal located in United States. Propel Venture Partners' team does not sit on the board of any company as of now.Co-investors of Propel Venture Partners
Over the past 10 years, 367 investors have co-invested in Propel Venture Partners's portfolio companies. This includes funds and angels.
- Invested before Propel Venture Partners: Y Combinator, New Enterprise Associates and 90 others have invested in rounds before Propel Venture Partners. There are 3 companies where Y Combinator has invested before Propel Venture Partners and 2 companies where New Enterprise Associates has invested before Propel Venture Partners.
- Top Co-investors of Propel Venture Partners: 176 investors entered a company along with Propel Venture Partners. These include investors like Clocktower Ventures (4 companies).
- Invested after Propel Venture Partners: A total of 99 investors have invested in Propel Venture Partners's portfolio after their investments. Top Investors include Endeavor (3 companies), Ribbit Capital (2 companies) and Tiger Global Management (2 companies).
Recent News related to Propel Venture Partners
•
•
As tariffs drive up costs, Cavela AI secures $6.6M to help e-commerce brands pivot production fastintelligence360•Dec 24, 2025•Cavela, Crossover, XYZ Venture Capital, Susa Ventures and 1 other
•
Durham’s Opine Secures $5M Seed Round Led By S3 VenturesGrep Beat Company•Dec 09, 2025•Opine, S3 Ventures, JupiterOne, Knoll Ventures and 5 others
•
Safebooks AI Raises $15 MillionVentureburn•Dec 09, 2025•Cerca Partners, Safebooks, Moneta, Magnolia Capital and 5 others
•
Cavela secures $6.6M to aid brands in overcoming pre-tariff manufacturing expensesStartupNews•Nov 20, 2025•Cavela, XYZ Venture Capital, Susa Ventures, Crossover and 1 other
•
•
Propel Raises $100 Million for Financial Services InfrastructurePYMNTS.com•Jul 10, 2025•Propel Venture Partners
•
Machado Meyer advises Lightrock on investment roundMigalhas•Feb 21, 2025•Machado Meyer, Lightrock, Azos, Kaszek and 3 others
•
Surus Raises $8M Seed Round and Opens Surus Trust Company to Power Onchain FinancePR Newswire•Feb 14, 2025•Surus, North Carolina, Castle Island Ventures, Propel Venture Partners and 6 others
•
LatAm payment startup Akua lands $4.3 million seed investmentFinextra•Oct 22, 2024•Propel Venture Partners, Plug and Play Tech Center, Akua, Rally Cap VC and 4 others
