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Propellus Capital Partners, Inc. closes initial $3.5 million tranche of its $20 million Series A Preferred Stock Facility to fuel growth in receivables financing.
PRIVATEAug 05, 2026•2 days ago
Amount Raised
$3.5 Million
Round Type
Series A
New JerseyFinancial ServicesFinanceFintechLendingDescription
Propellus Capital Partners, Inc., a subsidiary of Propellus Inc., has launched a $20 million Series A Preferred Stock facility aimed at supporting the growth of its merchant cash advance business. The initial closing has raised $3.5 million, allowing for capital-efficient financing over 15 months. This funding strategy helps to grow both the income statement and balance sheet without diluting common shareholders. The Series A Preferred Stock can be converted into Propellus Inc
Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
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