About Propel
Propel is a venture capital firm founded in 2008. It is primarily based out of Brooklyn, United States. As of Jan 2022, Propel has invested in 59 companies. It primarily invests in Grant (prize money) round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Seed round of Canary Overall, Propel portfolio has seen 5 acquisitions including key companies like Mobilize, MicroVest and Selected. A lot of funds co-invest with Propel, with names like Sting sharing a substantial percentage of its portfolio. Propel has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Grant (prize money), Seed & 3 more
Portfolio Soonicorns
Propel's List of Top Investments
Propel has a portfolio of 59 companies. Their most notable investments are in Indivisible and Selected.Their portfolio spans across United States, Sweden, Mexico and 1 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 16 other sectors, across stages such as Grant (prize money), Seed and 3 more. Here is the list of top investments by Propel:
1. Mobilize
Online event discovery platform provider. Provides a listing platform based on filters namely barnstorms, get out the vote, the black community, Georgia, black lives matter, canvasses, community events, fundraisers, house parties, letter writing events, meetings, meet & greet, office openings, and other events.
Key facts about Mobilize
- Founded Year: 2004
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $3.75M
- Employee Count: 16 as on Apr 30, 2026
- Investors: Higher Ground Labs, Fine Day Ventures and 3 Others
- Latest Funding Round: Series A, 2020, $*****
- Highlight: Acquired
2. Swayable
Swayable offers a platform to gauge the impact of media content on people minds. The platform is used by consumer facing brands, as well as public interest advocacy campaign organizations including U.S. President Biden election campaign. The company churns out insights primarily using randomized controlled trial testing, wherein the subjects sourced through its network of app publishers are given different messages, and the best is chosen based on causal data science that proves which had the greatest impact. Clients include PandG, Airbnb, Intel, and Square, as well as the Democratic National Committee and Tides Foundation, among others. Graduated from Y Combinator and has attracted VC investment from angels including Chris Sacca and Paul Buchheit, as well as Higher Ground Labs and New Media Ventures.
Key facts about Swayable
- Founded Year: 2017
- Location: New York City (United States)
- Stage: Seed
- Total Funding till date: $120K
- Employee Count: 61 as on Apr 30, 2026
- Investors: Higher Ground Labs, Y Combinator and 2 Others
- Latest Funding Round: Seed, Mar 05, 2018, $*****
- Highlight: Editors' Pick
3. ImpactAssets
Impact investing firm connecting people, planet, and action for positive change. The organization is dedicated to improving lives and the planet's future. It offers strategic expertise to help clients define and achieve their impact goals, providing innovative philanthropic and impact investing products and services. The firm serves individuals, families, foundations, corporations, and family offices. It acts as a partner for impact investing and charitable giving. The company offers a platform for philanthropy and impact investing, accelerating impact goals through comprehensive approaches. It provides services and programs to amplify impact targets, supporting financial advisors in meeting client interest in impact investing. The organization focuses on creating positive change through impact investing and philanthropic giving.
Key facts about ImpactAssets
- Founded Year: 2010
- Location: Bethesda (United States)
- Stage: Funding Raised
- Employee Count: 69 as on Apr 30, 2026
- Investors: Cordes Foundation, DBL Partners and 1 Other
4. Mursion
Provider of virtual reality simulations for workplace training. The simulations allow employees to practice and master interpersonal skills through virtual roleplays. It is an AI interfaced training simulations platform featuring human powered avatars for real time simulation based learning. The features include conducting observational assessment on performance, feedback management, voice morphing, and more. It also includes an analytics tool that enables companies to optimize training plans.
Key facts about Mursion
- Founded Year: 2015
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $40.6M
- Employee Count: 242 as on Apr 30, 2026
- Investors: New Markets Venture Partners, ZOMALAB and 7 Others
- Latest Funding Round: Series B, Oct 14, 2022, $*****
- Highlight: Editors' Pick
5. Root Capital
Key facts about Root Capital
- Founded Year: 1999
- Location: Cambridge (United States)
- Stage: Funding Raised
- Employee Count: 277 as on Apr 30, 2026
- Investors: Gates, DFC and 2 Others
- Latest Funding Round: Grant (prize money), Mar 31, 2021, $*****
Propel's Year-on-Year Investment Trends
Propel has invested in 59 companies over the last 18 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Canary and most recent follow-on round was in Vera.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 4 | 0 | 4 |
2018 | 3 | 0 | 3 |
2017 | 8 | 0 | 8 |
Propel's Investments by Stage
Propel has made 9 investments in Grant (prize money) stage with an average round size of $93.8K, 7 investments in Seed stage with an average round size of $615K, 2 investments in Series A stage with an average round size of $6.21M, 1 investment in Angel stage with an average round size of $35.5K and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 9 |
Seed | 7 |
Series A | 2 |
Angel | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Propel's Investments by Sector
Propel has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Business Services, EdTech and Gig Economy. Notably, it has invested in 17 Tech companies, 16 Social impact companies, 15 Enterprise (B2B) companies and at least 11 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
Consumer | 5 |
Business Services | 2 |
EdTech | 2 |
Gig Economy | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
Propel's Investments by Geography
Propel has made most investments in United States (14), followed by Sweden where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 14 |
Sweden | 6 |
Note: We have considered here, only first round of investments
Propel's recent investments
Propel has not made any investment in 2026 so far.Here are the most recent investments by Propel:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 11, 2022 | United States | Seed | 8284 | [+6] | |
Feb 24, 2021 | Sweden | Seed | 2598 | ||
Jun 28, 2019 | United States | Series A | 3559 | ||
2019 | United States | Grant (prize money) | 3682 | - | |
2019 | United States | Grant (prize money) | 9840 | - |
Acquired companies in Propel's Portfolio
5 companies from Propel's portfolio have been acquired. The most recent acquisition was Avalanche in Jul 2023 by A—B for $*****.Here are Propel's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 26, 2023 | - | - | 1965 | |
Feb 01, 2022 | May 17, 2018 | Seed | 2569 | |
Dec 03, 2021 | - | - | 8735 | |
Nov 30, 2020 | - | - | 8777 | |
Oct 26, 2015 | - | - | 5928 |
Team profile of Propel
Propel has a team of 4 members including 2 Partners and 1 Principal located in United States. Propel's team does not sit on the board of any company as of now.Here is a list of all team members in Propel:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | - | |
Partner | Brooklyn | - | ||
Principal | - | - | - |
Co-investors of Propel
Over the past 18 years, 63 investors have co-invested in Propel's portfolio companies. This includes funds and angels.
- Invested before Propel: USAID, Brooklyn Bridge Ventures and 7 others have invested in rounds before Propel. There are 2 companies where USAID has invested before Propel and 1 company where Brooklyn Bridge Ventures has invested before Propel.
- Top Co-investors of Propel: 37 investors entered a company along with Propel. These include investors like Sting (2 companies).
- Invested after Propel: A total of 17 investors have invested in Propel's portfolio after their investments. Top Investors include Leeds Illuminate (1 company), Laconia (1 company) and Corigin (1 company).
Recent News related to Propel
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Helius raises $9.5 million in series A round to develop apps on SolanaDrimble•Feb 22, 2024•Helius Tech, Foundation Capital, Reciprocal Ventures, and 8 others
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Coding Startup imagiLabs Raises $296K to Train the Next Generation of Female TechnologistsEdTechReview•Mar 09, 2021•imagiLabs, Propel
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VR for HR: Startup Raises $8M from Impact Investors to Tackle Workplace Bias Through SimulationsPR Newswire•Mar 25, 2019•Mursion, New Markets Venture Partners, Schusterman, ZOMALAB and 4 others
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Selected’s recruiting platform matches teachers with schools they’ll love – TechCrunchX Tech News•May 17, 2018•Selected, Propel, Kapor Capital
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Sharp investor group backs the expansion of Worldsmarathons.comStockholm Innovation & Growth•Mar 16, 2017•IG Wealth Management, Worlds Marathons, Almi, Propel and 4 others
