About Propel Software
Propel Software is a company based in Santa Clara (United States) founded in 2015 by Ron Hess. It operates as a SaaS (Software-as-a-Service). Propel Software has raised $66.22 million across 5 funding rounds from investors including Norwest Venture Partners, Ankona Capital and Salesforce Ventures. The company has 97 employees. Propel Software offers products and services including Propel PLM, Propel PIM, and Propel QMS. Propel Software operates in a competitive market with competitors including Autodesk, Inventables, Concepts NREC, JITX and Shandong Hoteam Software, among others.
- Headquarter Santa Clara, United States
- Employees 97
- Founders Ron Hess
- SectorsIndustrial Goods & Manufacturing
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Phone•••• ••••
- Website propelsoftware.com
- Social LinkedIn X
- Legal Name Propelplm Inc
- Total Equity Funding$66.22M (USD)
in 5 rounds
- Latest Funding Round$20M (USD), Series C
Sep 2021
- InvestorsNorwest Venture Partners
& 6 more
- Employee Count97
Products & Services of Propel Software
Propel Software offers a comprehensive portfolio of products and services, including Propel PLM, Propel PIM, and Propel QMS.
Product lifecycle management is facilitated for efficient workflows.
Product information is managed for marketing and development teams.
Quality improvements are driven for safer, better products.
Funding Insights of Propel Software
Propel Software has successfully raised a total of $66.22M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $66.22M
- Total Rounds 5
- Last Round Series C — $20M
- First Round $4.22M
(Mar 2016)
- Investors Count 7
All 5 funding rounds of Propel Software with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $20M | Series C | – | Salesforce Ventures | |
| Jan 2019 | $18M | Series B | – | Norwest Venture Partners | |
| Nov 2018 | $18M | Series B | – | – | |
| Feb 2018 | $6M | Series A | – | – | – |
| Mar 2016 | $4.22M | Series A | – | – |
7 investors in total: 7 institutional.
Investors in Propel Software
Propel Software has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Norwest Venture Partners, Ankona Capital and Salesforce Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made by Ankona Capital in early-stage software companies. | – | ankona.com | Newport Beach, United States | |
Early-stage tech startups are funded by corporate-backed Salesforce Ventures. | – | salesforceventures.com | San Francisco, United States | |
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Support is offered to entrepreneurs in cloud business applications. | – | cloudappscapital.com | - | |
Venture capital investing and portfolio management services for accredited investors. | – | av.vc | - | |
Seed and early-stage startups are funded by SignalFire. | – | signalfire.com | San Francisco, United States | |
- | – | salesforce.com/company/ventures | - |
Investor details for Propel Software
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Propel Software
38 people are tracked at Propel Software (15 in leadership, 6 in board & advisors, 17 in team); the tracked headcount is 97.
| Name | Role | Group |
|---|---|---|
Ron Hess | Co-Founder | Leadership |
Ross Meyercord | CEO | Leadership |
Rose-Ann Nazarene Libre | Executive Assistant To Founder & CEO & CRO | Leadership |
Paolo Battaglini | Chief Financial Officer (CFO) | Leadership |
Kevin Walsh | VP, Alliances & Channels | Leadership |
Jill Mueller | Product Marketing Director | Leadership |
Emma Thomas | Vp, People Operations | Leadership |
Dario Ambrosini | Chief Marketing Officer | Leadership |
Eric Schrader | Chief Product Officer | Leadership |
Mitesh Kapadia | Vice President Of Professional Services | Leadership |
Chuck Serrin | VP Industry Marketing, Medical Device & Life Sciences | Leadership |
Tom Shoemaker | Vice President Product Marketing | Leadership |
Kishore Subramanian | Chief Technology Officer | Leadership |
Chandra Subramanian | VP Of Engineering | Leadership |
Michael Prom | Director Of Technical Product Marketing | Leadership |
Zak Kokosa | Advisor | Board & advisors |
Alexa Vignone | Advisor | Board & advisors |
Bob Spinner | Director | Board & advisors |
Matt Holleran | Director | Board & advisors |
Jared Smith | Director | Board & advisors |
18 more people are available in the full profile.
Complete people profiles for Propel Software
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Propel Software
3 dated milestones of Propel Software across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Propel Software is founded.
- Funding First funding round of $4.2M.
- Funding Latest funding round, Series C, of $20.0M.
Competitors of Propel Software
Propel Software operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Autodesk, Inventables, Concepts NREC, JITX and Shandong Hoteam Software, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autodesk.com | 1982 | San Francisco, United States | – | 14,100 | Provider of cloud-based 3D CAD modeling software for the AEC industry | |
| inventables.com | 2002 | Chicago, United States | $32.72M | 43 | Provider of subtractive manufacturing systems | |
| conceptsnrec.com | 1956 | Springfield, United States | $4M | – | CAE and CAM software solutions are provided for engineering applications. | |
| jitx.com | 2017 | Berkeley, United States | $12.15M | 15 | AI-powered software is provided for PCB design. | |
| hoteamsoft.com | 1993 | Jinan, China | $104.71M | – | 3D design and PLM software is provided for industries. | |
| valispace.com | 2016 | Bremen, Germany | $7.14M | – | Web-based SaaS platform for engineering complex hardware is provided. | |
| autoform.com | 1995 | Pfaffikon, Switzerland | – | 15 | Software solutions for sheet metal forming are provided by AutoForm. | |
| cevotec.com | 2015 | Munich, Germany | $1.96M | 18 | Technology for carbon composite fiber production is provided. |
Detailed competitors of Propel Software
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Propel Software
The website of Propel Software (propelsoftware.com) receives about 25.9K visits a month and ranks #1,129,229 among all websites worldwide, #9,223 in Business Services.
- Monthly visits25.9K
▲ 6.2% vs previous month
- Unique visitors10.5K
per month
- Global rank#1,129,229
among all websites
- Category rank#9,223
Business and Consumer Services · Business Services
- Bounce rate41%
- Pages per visit1.9
- Average visit38 sec
- DevicesDesktop 43% · Mobile 57%
Websites whose visitors overlap most with Propel Software. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| shyamfuture.com | 100% | 12.5K | #1,916,972 | View details | |
| nbs-us.com | 94% | 20.5K | #1,507,510 | View details | |
industryselect.com | industryselect.com | 90% | – | #664,509 | – |
| wiise.com | 89% | 15.5K | #1,588,862 | View details | |
manufacturing-today.com | manufacturing-today.com | 84% | – | #721,443 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for Propel Software
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 15 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Propel Software
Complete news archive for Propel Software
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Propel Software
10 companies that operate in the same segment as Propel Software (Manufacturing Tech Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | – | – | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 203.44 M | USD 686.63 M | 1,090 | |
Hexagon is recognized for delivering advanced measurement and automation technologies. | 1980 | Stockholm, Sweden | – | USD 6.52 B | – | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M | – | – | |
Cloud-based 3D CAD system is accessed via web browsers. | 2012 | Cambridge, Massachusetts, United States | USD 348.69 M | USD 695.52 K | – | |
AI-powered data science platform enables model deployment and analytics insights. | 1985 | Troy, United States | USD 35.05 M | – | – | |
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Manufacturing solutions are provided for industrial and consumer sectors. | 2018 | Bengaluru, Karnataka, India | USD 857.1 M | USD 1.71 B | 1,248 | |
Equipment rental marketplace and digital tools for construction are offered. | 2014 | Columbia, United States | USD 806.48 M | USD 4.38 B | – | |
Modular hardware and software platform for industrial automation is provided. | 2016 | Montreal, Quebec, Canada | USD 263.41 M | – | – |
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Frequently Asked Questions about Propel Software
Propel Software was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Propel Software is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Ross Meyercord is the current CEO of Propel Software.
Propel Software is a funded company, having raised a total of $66.22M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.22M, raised on Mar 2016.
Propel Software has 97 employees.
Propel Software is focused on delivering a comprehensive Product Value Management platform. Solutions are provided in Product Lifecycle Management (PLM), Product Information Management (PIM), and Quality Management System (QMS). Built on the Salesforce platform, integration with enterprise systems is ensured. Various industries are served with tools for new product development, compliance management, and supplier collaboration. Customer experiences are optimized through data unification and omnichannel enablement. Continuous efficiency gains are supported across the value chain for product stakeholders.
Propel Software's top competitors include Autodesk, Inventables and Cevotec.
Propel Software offers Propel PLM, Propel PIM, and Propel QMS.
Propel Software has 7 investors. Key investors include Norwest Venture Partners, Ankona Capital, Salesforce Ventures, Cloud Apps Capital Partners, and Alumni Ventures.
Propel Software operates through Propelplm Inc.