How much did Propel, Inc. raise?

Propel, Inc. raised $3.5 Million in a Seed round on August 30, 2024.

Who invested in Propel, Inc?

Bill & Melinda Gates Foundation is named as investors in this round.

Propel raised $3.5M through a grant from the Bill & Melinda Gates Foundation to develop AI-powered tools for safety net navigation.

PRIVATEAug 30, 2024

Amount Raised

$3.5 Million

Round Type

Seed

BrooklynInformation TechnologyFinance

Investors

Bill & Melinda Gates Foundation

Description

Propel celebrates its 10th anniversary with a $3.5 million grant aimed at enhancing safety net navigation. The funding will support the development of advanced features to improve app security and user experience.

Quick answer

Propel, Inc. raised $3.5 Million in a Seed round, dated August 30, 2024. Investors: Bill & Melinda Gates Foundation. Propel, Inc. is based in Brooklyn, New York, United States.

How much did Propel, Inc. raise?: Propel, Inc. raised $3.5 Million in a Seed round on August 30, 2024.
Who invested in Propel, Inc?: Bill & Melinda Gates Foundation is named as investors in this round.
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.

OneLot raised $4M (Pre-Seed) on October 14, 2024.
Agent Banking Company raised an undisclosed amount on October 12, 2024.
GBank Financial Holdings raised $20M on October 11, 2024.
Uptiq raised $21M on October 11, 2024.
Sidepit raised an undisclosed amount (Pre-Seed) on October 10, 2024.
Imprint raised $75M (Series C) on October 10, 2024.

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

Works inside ChatGPT and Claude. Ask who to call at Propel, Inc.. With Fundz connected, it knows.

Watch Fundz in

See plan options

Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

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.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Propel, Inc. raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Book a demo Explore plans

Predictive Intelligence

Strategic

ML-powered predictions for Propel, Inc.'s next move

See what Strategic adds

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

Show me how a sales rep uses this Or see plans and pricing →

5 screens from a live account. No signup.