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Propel Venture Partners

Founders Ryan Gilbert

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 66
Average round size
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The average size of a deal this fund participated in
$150M
Portfolio companies 42
Rounds per year 8.25
Lead investments 14
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.36
Exits 3
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • FinTech
  • Financial Services
  • Software
  • Finance
  • Information Technology
Summary

Propel Venture Partners is the famous VC, which was founded in 2016. The company was established in North America in United States. The leading representative office of defined VC is situated in the San Francisco.

The top amount of exits for fund were in 2018. Comparing to the other companies, this Propel Venture Partners performs on 22 percentage points less the average number of lead investments. The top activity for fund was in 2019. The usual things for fund are deals in the range of 10 - 50 millions dollars. The fund is constantly included in 2-6 investment rounds annually. The typical startup value when the investment from Propel Venture Partners is more than 1 billion dollars. Speaking about the real fund results, this VC is 17 percentage points more often commits exit comparing to other organizations.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most popular fund investment industries, there are Information Technology, Blockchain. Among the most popular portfolio startups of the fund, we may highlight Coinbase, DocuSign, Hippo Insurance. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund.

We also calculated 4 valuable employees in our database.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the Propel Venture Partners, startups are often financed by Kleiner Perkins, IVP (Institutional Venture Partners), Accel. The meaningful sponsors for the fund in investment in the same round are Commerce Ventures, BBVA Ventures, USAA. In the next rounds fund is usually obtained by Y Combinator, IGM Financial, Felicis Ventures.

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Typical Co-investors
Propel Venture Partners is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Propel Venture Partners:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Akua

FinTech
Payments
Transaction Processing
21 Oct 2024 -

Fintoc

Banking
FinTech
Mobile Apps
Mobile Payments
$7M25 Apr 2024 Chile, Chile

Parcha AI

Artificial Intelligence
Compliance
Enterprise Software
SaaS
$3M07 Aug 2023 San Francisco, California, United States

Lightblocks

$5M01 Oct 2022 -

Truora

Developer Platform
Information Services
Security
$15M08 Apr 2022 Perímetro Urbano Santiago de Cali, Valle del Cauca, Colombia

Truora

Developer Platform
Information Services
Security
$15M04 Apr 2022 Perímetro Urbano Santiago de Cali, Valle del Cauca, Colombia

Kamino

FinTech
$6M15 Mar 2022 Sao Paulo, São Paulo, Brazil

Chipper

Financial Services
FinTech
Lending
$5M10 Mar 2022 Austin, Texas, United States

ScanPay

Financial Services
FinTech
Mobile Payments
24 Jan 2022 Redwood City, California, United States
News
TrustLayer Raises $15M to Build the Future of Insurance Verification

– TrustLayer, a collaborative risk management platform, announced it has closed a Series A funding round of $15.1m.
Craft Ventures led the round with participation from Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and PruVen Capital.
– TrustLayer is the preferred solution to replace the insurance industry’s antiquated, paper-based methods for verifying coverage, introducing significant risk to supplier-driven sectors such as construction, banking, property management, and sports entertainment.

Guideline Raises $200M in Funding Led by General Atlantic to Fuel Growth of Comprehensive Retirement Plan Solutions

– Guideline, a leading provider of easy, affordable retirement plan solutions for small-and-medium-sized businesses (SMBs), announced it has raised $200M in new funding led by General Atlantic, a leading global growth equity firm.
– Existing investors Generation Investment Management, Greyhound Capital, Felicis Ventures, Propel Ventures and others also participated.
– Guideline plans to use the funds to further scale its offering of full-service 401(k) plans, as well as introduce new retirement plan solution products.
– Founded in 2015 by CEO, Kevin Busque, CPO, Jeremy Caballero, and CTO, Mike Nelson, Guideline’s mission is to help everyone arrive at a safe, secure retirement, whether they are a small business owner, an employee or are self-employed.

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Total investments 66
Average round size 150M
Rounds per year 8.25
Peak activity year 2020
Lead investments 14
Follow on index 0.36
Exits 3
Group Appearance index 0.94

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Akua

FinTech
Payments
Transaction Processing
21 Oct 2024 -

Fintoc

Banking
FinTech
Mobile Apps
Mobile Payments
$7M25 Apr 2024 Chile, Chile

Parcha AI

Artificial Intelligence
Compliance
Enterprise Software
SaaS
$3M07 Aug 2023 San Francisco, California, United States

Lightblocks

$5M01 Oct 2022 -

Truora

Developer Platform
Information Services
Security
$15M08 Apr 2022 Perímetro Urbano Santiago de Cali, Valle del Cauca, Colombia

Truora

Developer Platform
Information Services
Security
$15M04 Apr 2022 Perímetro Urbano Santiago de Cali, Valle del Cauca, Colombia

Kamino

FinTech
$6M15 Mar 2022 Sao Paulo, São Paulo, Brazil

Chipper

Financial Services
FinTech
Lending
$5M10 Mar 2022 Austin, Texas, United States

ScanPay

Financial Services
FinTech
Mobile Payments
24 Jan 2022 Redwood City, California, United States
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