How much did Propel, Inc. raise?

Propel, Inc. raised $20 Million in a Series C round on September 21, 2021.

Propel Announces $20 Million Series C To Help Manufacturers Deliver Long Term Customer Engagement

PRIVATESep 21, 2021

Amount Raised

$20 Million

Round Type

Series C

BrooklynInformation TechnologyFinance

Description

Propel, the modern way to take products from concept to customer, today announced it has raised $20 million in Series C financing. The investment is led by Salesforce Ventures, with participation from existing investors Norwest Venture Partners, Cloud Apps Capital Partners, Green D Ventures and TIFF. The existing investors are joined by new investor Ankona Capital, a venture capital firm with experience in both supply chain and scaling enterprise B2B SaaS solutions. The company has raised a total of $48 million in funding to date.

Quick answer

Propel, Inc. raised $20 Million in a Series C round, dated September 21, 2021. Propel, Inc. is based in Brooklyn, New York, United States.

How much did Propel, Inc. raise?: Propel, Inc. raised $20 Million in a Series C round on September 21, 2021.
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.

Abaxx Technologies raised $50M (Post-IPO Equity) on November 5, 2021.
Kalshi raised $70M on November 3, 2021.
Quavo raised $6.6M on October 29, 2021.
Torpago raised $77M on October 28, 2021.
Paytm raised $121M (Funding Round) on October 27, 2021.
OurCrowd raised $25M (Funding Round) on October 27, 2021.

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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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