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Propel, Inc. reported raising $5.24 Million in an initial SEC Form D filing, from an offering of $5.24 Million

PRIVATEMay 10, 2017

Amount Raised

$5.24 Million

$5.24 Million sold, per SEC Form D (first sale May 10, 2017)

Round Type

Venture

BrooklynInformation TechnologyFinance

Quick answer

Propel, Inc. raised $5.24 Million in a funding round, dated May 10, 2017. Propel, Inc. is based in Brooklyn, New York, United States.

How much did Propel, Inc. raise?
Propel, Inc. raised $5.24 Million in a funding round on May 10, 2017.
What does Propel, Inc. do?
Propel's mission is to enable Americans with low income to improve their financial health.
Where is Propel, Inc. based and how big is it?
Propel, Inc. is based in Brooklyn, New York, United States.

Source: Fundz verified event record.

Who else raised in Finance around the same time

Companies in the same sectors as Propel, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Ingo Payments raised $7M on June 15, 2017.
  • Beeline Holdings raised $1.6M (Seed) on June 9, 2017.
  • USBC raised $250K on May 9, 2017.
  • Valuation Research Corporation raised $99K (Pre-Seed) on April 4, 2017.
  • ENvue Medical, Inc. raised $250K on April 3, 2017.
  • ENvue Medical, Inc. raised $100K (Pre-Seed) on April 3, 2017.

Who to call at Propel, Inc., and when

A new round usually means Propel, Inc. is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Propel, Inc. raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Propel, Inc., from your own LinkedIn network

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Company Information

Company

Propel, Inc.

Location

397 Bridge Street, 8th Floor

Brooklyn, New York, United States

About

Propel's mission is to enable Americans with low income to improve their financial health. The Propel app (formerly Providers, Fresh EBT), is used by over five million Americans across the country each month to check their EBT balance, stay up-to-date on benefits information, and more. Propel is a for-profit company, originally founded through a fellowship at Blue Ridge Labs @Robin Hood Foundation. Propel’s investors include nonprofits, mission-oriented investors, and top-tier venture capitalists: Financial Health Network, Andreessen Horowitz, Nyca Partners, Flourish Ventures, Kleiner Perkins, and more. Propel is based in Brooklyn, N.Y.

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Propel, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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